I need a Realtor/broker's opinion

**ArcAvenueInc** · 02-20-2009, 06:22 AM

As you know, the economy has hit many industries really hard. One industry that is suffering greatly is design/build. Architectural firms across the country are laying of hundreds of architects each month for lack of work. I believe that this can be slowed down if not stopped completely with a little cooperation.

Here is the question, what would you as a Realtor/broker find to be a reasonable compensation for referring your clients to do business with a particular architect? For example, if you sell a vacant piece of land and referred your client to an architect which in turn signed a contract to build a $2M building, the architect receiving 8%($160K) Would you be content with receiving 1%($1,600) upon the architect receiving his/her retainer?

**jpoey** · 02-20-2009, 07:16 AM

I think that would be satisfactory and I'm a broker in MI with over 20 years experience getting my broker license in FL soon. Not sure about FL yet but in MI only a broker can pay a salesperson so be carefull about who you pay the referral fee.

**Greg** · 02-20-2009, 07:36 AM

What kind of a referral fee did you pay to real estate agents for handing you work back when the market was good?

**ArcAvenueInc** · 03-19-2009, 07:50 AM

Originally Posted by jpoey

I think that would be satisfactory and I'm a broker in MI with over 20 years experience getting my broker license in FL soon. Not sure about FL yet but in MI only a broker can pay a salesperson so be carefull about who you pay the referral fee.

Thanks for the heads up. Architects can pay anyone a referral fee, there isn't a law against it.

Originally Posted by Greg

What kind of a referral fee did you pay to real estate agents for handing you work back when the market was good?

We pay 1% of the GROSS contract. This has never been done before and we are trying it to see if we can generate QUALITY leads.

**duckwall** · 03-21-2009, 10:24 AM

I think a commistion could be payed through the builder but I am unsure about the arcitect.

Kirk Duckwall
Northern MN Realtor

**ryanallen** · 03-24-2009, 12:01 PM

hmm I am not familiar with architects and brokers getting commissions off of each other. Does anyone know of there is a law about this in CA?

**ArcAvenueInc** · 04-08-2009, 06:09 AM

Originally Posted by ryanallen

hmm I am not familiar with architects and brokers getting commissions off of each other. Does anyone know of there is a law about this in CA?

We are an architectural firm, we pay a referral fee to anyone (realtor, broker or not) who refers a paying client. There is no law against us paying you for connecting us with a client. None and there never will be.

If you have foreclosed properties to sell but they need to be repaired, work out a deal with us to fix it up and let the banks pay for it.

Give us a call if you have any leads 954-923-5838

We are licensed in most states or can acquire one within a week.