What is the standard amount for a referral fee?

In our experience, for residential purchase and sale transactions, the referral fee is most typically 25% of the commission; assuming a 5% total commission split evenly by the buyer’s and seller’s broker on a $100,000 home, if either the buyer or the seller use IIC to make the arrangements, the commission would be $2,500 and the referral fee would be $625.

Call Now!