FAQ About Questions on Referral Rebates
What calculation would you use to estimate the rebate?
Typically, a referring agent would receive (let's say 25%) of the buyers agent commission. For example: You closed on a $300,000 home and the collected commission is 3% on the buyers side. As the referring broker, we would receive a total commission of $2,250 and you would receive 50% of that. Here's the breakdown.
Sold for $300,000
Buyers Agent Commission is: $9,000
Referring Broker Receives 25%: Equals to $2,250
To you as a rebate: 50% or $1,125
