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Thank you for your interest in the new Broker Agent Professional Referral Directory.
Please click here to see a live working model of the new directory on our web site.
Why should you be a part of the Broker Agent Professional Referral Directory?
1. Buyers are in demand. 2. Over Seven Million people move to another state each year (US Census Bureau). 3. A quality referral directory will allow our readers to capitalize more on their relocating sellers. 5. Most referral directories contain any agent willing to pay for a listing - their integrity and quality is unknown. 6. With a reader base of over 400,000 real estate professionals, Broker Agent Professional has the capacity to find the best professional for you to refer to, and the muscle to market its endorsed referral professionals to other agents.
What makes this referral directory different?
1. Only one relocation professional per city will be selected. 2. Those interested in accepting referrals must go through an application process. 3. All referral agents/brokers listed will be hand selected and endorsed by Broker Agent Professional. 4. Selected agents must agree to guarantee in writing a 30% referral fee upon completion of sale. 4. Broker Agent Professional will aggresively market this directory to it's hundreds of thousands of real estate members through both its online and print mediums.
Frequently Asked Questions
How does the 30% referral commission work?
Generally referral fees are based on the buyer side of commission received and this is the minimum Broker Agent Professional will require for its endorsed agents/brokers to guarantee.
For example, on a $300,000 sale, if your buying side commission is 3% your gross commission would be $9,000 - Of this you would pay 30%, or $2,700 for your referral to the agent who referred you the client.
You can offer more - For example if a buyer purchased one of your listings and you wanted to offer part of the selling side commission as well, this would be negotiable between you and the agent referring you business.
This may seem like a lot to offer, but keep in mind that buyers who are relocating and need a new home are generally the easiest to service. Also, you might want to keep in mind that the industry referral average is 25%. Given this strong buyer market the additional 5% is necessary to make the directory appealing to referrals and secure success for you.
What type of agreement will be expected of me?
Any formal agreement will be between you and the referring agent. Your only guarantee to Broker Agent Professional will be that you will pay a minimum 30% referral fee on the buying side of your commission to any agent who you contract with through this directory.
Can I represent more than one city?
Currently only one professional is being chosen per city.
How to Apply
To begin the application process, simply click the link below to download and complete your application.
http://www.realestatehomepages.com/sites/brokeragentnews/files/BAP_Referral_Directory_Application.pdf
If you have any questions, comments, or suggestions regarding the new Broker Agent Professional Referral Directory please click here to contact us.
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