Sell florida real estate referral fee agreement

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Are referral fees legal in Florida?

Referral fees from attorney to attorney may be allowed when an attorney passes a case or a client to another attorney. The Florida Rules of Professional Responsibility do not authorize a lawyer to give anything of value to a non-lawyer in return for recommending that attorney's legal services.

Can a Realtor pay a referral fee in Florida?

Referral fees Florida licensees are not allowed to pay a fee or compensate someone for real estate services who doesn't hold a real estate license in Florida or another state \u2013 this includes attorneys.

What is a typical referral fee?

Referral fees vary based on a number of factors, but a typical fee is usually 25% of the closing agent's take-home commission. Again, this number can vary dramatically based on the client, the market, and the amount of work required from both the referring and the closing agent.

How are real estate referral fees calculated?

A referral, as it applies to a real estate transaction, is when one agent refers a client to another agent in return for a share in the eventual commission earned from closing a home while representing that client. The normal referral fee is 25% of the take home commission of the agent the client was referred to.

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