Real Estate Referral Fees: How They Work & Best Practices for 2022

Real Estate Referral Fees: How They Work & Best Practices for 2022

A real estate referral fee is a portion of the commission paid to another real estate agent or broker in exchange for a client referral. A typical referral fee is 25% of the gross commission for a single side of a transaction. However, there’s no set standard for a referral fee rate, and, like every other aspect of real estate commissions, a referral fee is negotiable.