I am writing this post for strictly mercenary reasons. I have two daughters in college. And some day, I will be paying for three weddings. So you see, being mercenary is almost a necessity.
Did you know that as a licensed real estate practitioner, your friend or relative can be paid for a referral on your transaction? It's true. Whether you live in FL, CA, NY or any where in between your long lost cousin or the old classmate can make a few dollars and not cost you any more than the typical commission you would pay.
I have a friend in ID who is a licensed. I am buying property in TN. I can have my friend send my contact information to my agent in TN and when we close, my friend in ID will earn a portion of the commission. The rules will vary a little from state to state. But it is pretty much the same general situation where ever you live. So, why not share the blessings.
The second scenario is only slightly different. Many agents now have vast referral networks. I was recently approached by an agent from AZ to establish a referral network. If I have a client moving from Danville to AZ, I send a referral to my new contact. He will take care of the client, and I can still earn a reward for the relationship.
So friends and family, the next time you are buying or selling a home, please remember me.
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