Referral fee/Finders fee - Posted by Greg S.
Posted by Greg S. on June 07, 2000 at 19:24:42:
Could someone please explain to me how the following senario
will come out?
I know of an real estate investor, who has a wife, that knows a buyer that is looking for a large commerical investment. $800,000 to $1.3 million. I found one through a Realtor associate of mine, so. . .
What is the normal way to get a finders/referral fee for putting them in touch with each other?
What percentage is normally paid?
Who pays it?
This is what I have been able to gather so far.
It is going through two brokers. The listing broker and the buyers borker. For a total amount of selling fee to the selling broker which is 10%
The listing broker than splits that 10% with the buyers broker = 5% each. Which they split up with the actual Realtos that did the leg work. Right so far?
How much goes to the actual agent?