What are the costs involved in being a referral agent?
The initial fee is $85 if you join January-June and $49 if you join July-Dec. Then, you are billed every Jan. for annual dues of $85. Your state will also charge an initial fee to place your license with us. The only other costs involved are the fees to renew your license with the state, when needed, and the cost of CE courses.
What are the costs involved in being a referral agent?
Click here to complete the form to join Coastal Referral Agency Please be sure to let us whether you are transferring from another broker, reactivating from an inactive status, reinstating an expired license or brand new. We will be happy to send you the appropriate paperwork. You can also call us at 843-232-0000 ask to speak to Jennifer Hamilton
How much can I really make on a referral?
Referral fees received from Berkshire Hathaway HomeServices or outside brokers as a result of referrals placed by Referral Associate to their chosen broker will be payable to the Broker. The Broker shall, in turn, pay the Referral Associate 80% of the referral fee collected
How much can I really make on a referral?
When you are placing a referral directly with an agent yourself, the referral fee is an agreement between the two of you, but 25%-35% is pretty standard. It can be more or less, depending on your agreement. Not comfortable negotiating the fee? We are happy to work on your behalf, ensuring that you are not leaving money on the table.
Do I still have to do Continuing Ed when my license is with BHHS Coastal Referral Agency?
YES! While you, as an agent, are not active in your local Board of Realtors, your license is! Any active license must be renewed and continuing education must be done, as usual. We will keep you informed of when it is time for you to renew your license and complete CE hours.
Can I get a referral on the sale/purchase of my own home
YES! You would refer yourself to an agent just as you would any other buyer or seller. PLUS, when you are buying or selling your own home, you still receive an 80% referral fee from the gross commission.
Do I have to use a Berkshire Hathaway HomeServices agent to refer my business to?
No. You can refer your clients to any agent with any company to or from anywhere in the country or you can just hand the referral over to us, and we will can interview agents in the requested market to ensure that your clients' will be well taken care of.
If I know an agent I want my client to work with, can I use that agent or do I have to go through you?
If you know an agent, you can go directly to that agent, using your Customer/Client Referral form (under Forms) as your referral agreement. If we are placing the referral for you, we always need at least their name, address, contact info and any important info you want to pass along to us. If you are placing a referral directly with an agent, please email or fax a copy of the signed referral agreement (under Forms) for our records to Jennifer@bhhscoastal.com Subject Line-Coastal Referral or fax to 843-357-6040.
Can I make commercial referrals?
Yes! If you know a commercial agent, you can go to them directly, or email the Coastal Referral Agency with the info and we will place your referral with a reputable Commercial Real Estate Brokerage.
Can I make rental referrals?
If you know an agent that will pay a referral on a rental, then yes. Typically, agents will not pay referrals on rentals because there is so little commission involved. But at least you will be assisting your client with their needs and when they are ready to buy, perhaps they will call you!
How can I promote myself as a referral agent?
All Referral Agents will receive a 500 business cards as a Berkshire Hathaway HomeServices Premier Referral Agent. Simply click on "Already a Member" above and select the link under "Marketing Resources" for several suggestions. ANY promotion done must be approved through Berkshire Hathaway HomeServices Coastal Referral Agency to ensure compliance with state advertising laws.
What happens if I don't know any agents to refer my clients to?
When you don't know any agents, simply complete the Customer/Client Referral Form (under Forms) with the client's name, address, phone numbers, email address, whether they want to buy or sell, location and all other pertinent information. You may email or fax this information to the BHHS Coastal Referral Agency for agent placement. Whenever possible, we place your referral with an agent/company who is part of our global network of over 55,000 agent world-wide. These agents are held to very high standards of customer service and hold the dominant market share in the areas of interest. These are top notch Realtors and we only expect the best from them! Berkshire Hathaway HomeServices Coastal Referral Agency will take care of the follow up, and have the referral agreement signed, etc. You are paid the same whether you place your referral or we do.
