When seeking the services of a professional, it’s common to ask friends and family for referrals. This includes real estate referrals! Did you know that your real estate agent can be a referral source for connecting with real estate agents outside of your local market? Simply, a real estate referral occurs when a real estate agent refers a client to another real estate
agent, who will then manage the client’s real estate transaction. The referring real estate agent receives a portion of the commission from the real estate transaction once it has closed.
When is it beneficial to receive a real estate referral?
In today’s world, you may be interested in purchasing property in areas with which you are unfamiliar, such as, a second home in a ski resort, or housing for a college age child
attending an out of area school or possibly outside the United States. Perhaps you or someone you know is relocating in or out of your local community. These are opportunities for your real estate agent to help you find an agent in another market. When your real estate agent makes a referral on your behalf, they will search for and identify a qualified agent. You
will be referred to an experienced agent with demonstrated knowledge of the buying and selling process, the local market, and the type of property that you want to buy or sell.
Creating a Win-Win Situation
A real estate agent who helps their clients connect to other qualified agents helps to insure a smooth and professional transaction for everyone involved! Do you have family or friends who are moving into the area or moving out of state? Contact me to help find a qualified real estate agent outside of our local market.
Source: contactually.com, thebalance.com