When you do a referral for a Buyer or Seller here is how it breaks down:

First, you find an active Sales Rep or Broker that you want to work with and negotiate your referral fee! You sign a Referral Agreement so it's all in writing!

Next, when the Buyer buys, or the Seller sells, the agreed percentage is sent to Lesley E. Moll, Real Estate Brokerage.

You recieve a cheque for 90% of the referral fee and the Brokerage gets 10%.

Example:

You do a referral for a Seller at 25%. The agent lists the house for $499,900 at 5% commission with 2.5% payable to the selling Brokerage.

The house sells for $490,000.00

Sale Price:  $490,000

Commission Payable:  $24,500

Listing Brokerage Portion: $12,250

Selling Brokerage Portion: $12,250

Referral Commission Owed: $3,125

Brokerage Commissio: $312.50

Your Portion on closing at 90%: $2,812.12