Is there such a thing as referral fees in CRE?
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[{"id": "fea55m1", "text": "Yes its normal just like in residential though the percentages might be different. \n\nI would rather talk to this other broker and ask to work it together, you respect thier expertise in this area and want the best for your client. There is nothing against co-brokering a deal. You may be able to get closer to 25% of the transaction if you do it that way. You are involved in the transaction still, and learning along the way, while your client is still getting the expertise of this more experience broker.", "replies": [{"id": "febr9ob", "text": "And further, this method helps you keep control and ownership of your client. If you just refer and send them to another broker, that broker gets to develop a relationship with them, and could possibly take your client for other future deals that you would have been capable of working.", "replies": [], "depth": 2}], "depth": 1}, {"id": "feaakwm", "text": "My experience is that you are either an actual broker or someone who wants to get their foot in the door for some type of work after the deal is done.", "replies": [], "depth": 1}, {"id": "feadwqx", "text": "do the deal yourself!", "replies": [], "depth": 1}, {"id": "feafz2d", "text": "Typically 20% of total commission is the cut for referral fees in CRE", "replies": [], "depth": 1}, {"id": "feasf79", "text": "We do 25% for referral fyi", "replies": [], "depth": 1}, {"id": "febnv6w", "text": "In most states you need to be a licensed broker to be legally allowed to accept a referral fee.", "replies": [], "depth": 1}, {"id": "fecd4xp", "text": "Yes, we usually do 20%. I'd talk to the broker you'd refer them to about it before giving the referral.", "replies": [], "depth": 1}, {"id": "fefskzl", "text": "Yes: small claims court", "replies": [], "depth": 1}]