Out Of State Listing

**GoodmanRE** · 04-22-2010, 06:51 PM

Hi All,

I am currently licensed in CA and have a client who owns a property that they want me to list in Oregon.

I am curious what is the best way to do this. I feel it would be in my clients best interest if I split this with an agent in Oregon. What are the legalities, what is the standard split, etc...

Any feedback would be greatly appreciated.

Thank you.

**maui** · 04-23-2010, 01:35 AM

Personally, I think that you should refer it to a local Realtor. Not only are you not licensed in the state (so I make the gross assumption that you are not up-to-date with their laws), but I don't see how it'd be feasible for you to actually work the listing. Have you asked your broker about this? I'd say look for a reputable Realtor in the area of the property and get the referral fee.

**Bones** · 04-23-2010, 07:27 AM

I agree. I think it would best for you to send out a referral.

**markbrian** · 04-23-2010, 08:05 AM

Also agree it would be best to refer to local agent. I can sell/list anywhere in my state but that does not mean it is the best thing for my clients so I limit myself to a specific area.

**GoodmanRE** · 04-23-2010, 01:47 PM

That does make the most to refer it out.

What are the standard referral splits and paperwork for doing the referral? Just want to make sure I am covered legally and don't have to rely on goodwill to get the fee.

I appreciate all the input.

Thank You.

**maui** · 04-23-2010, 05:02 PM

Good, ask your broker for the appropriate forms (after all, the check will be coming through him). As far as the commission split, it would be dependent on a few factors but you can dictate terms as you deem appropriate (normally, I would ask for less of a split my way if it'd be a short sale or other difficult sale, which would involve more time/effort on the part of the other agent).

**GoodmanRE** · 04-24-2010, 11:47 AM

Thanks Maui,

I appreciate the input. I will ask him monday.

In your opinion what would be the suitable split breakdown on the sale either way, a shortsale or a standard sale?

Thanks

**maui** · 04-25-2010, 01:50 AM

Originally Posted by GoodmanRE

Thanks Maui,

I appreciate the input. I will ask him monday.

In your opinion what would be the suitable split breakdown on the sale either way, a shortsale or a standard sale?

Thanks

For a Short Sale, I wouldn't ask for more than 20% (since it requires so much work on their part). And for a conventional sale, I'd say ask for 25-35%, depending on how confident that pricing will be aggressive and the property can be sold fairly quickly. Best of luck and update when you can.