How would a licensed agent find a consulting firm he could work for instead of selling UCs? Yes! You don`t need a license in a state to get a recommendation. However, since the transfer fees are actually paid to your broker and not to you, I always suggest to assure you that you are touching the base with your broker before making a referral from the state to verify that they do not have specific intergovernmental procedures. I guess that is an option, but the details would depend largely on the local regulations for your specific organization, as well as the rules of the state of Pennsylvania. Honestly, it seems to be more trouble than I need. If you want to work as an agent, recommendation or otherwise, make a plan to at least break at your expense and keep your license active. What if the buyer I mentioned enters into an agent other than the one I had with the recommendation agreement? What transfer agents usually pay the broker to which they belong in Missouri Hi, I am a broker at AZ and showed houses to a commercial real estate agent who asked if I was making any recommendations. I advised him to send me the recommendation agreement, and yes, we do. The transaction was completed and the buyer sent the recommendation 3 days after closing. What am I supposed to do? My agent said we didn`t write anything, so I have no obligation. Nothing has been agreed. They did not speak at the end and told my broker that they were still paying transfers after an agreement was reached. It is usually the responsibility of the reference agent to provide the referral contract with the conditions initially stated.
If the receiving broker wishes to negotiate these terms, he can do so. The bad news is that referral fees are usually paid by the hedging company, not by the broker. This means that if the securities company reduces commission controls, it cuts a third check for your broker in addition to the buyers and sellers brokers. If this was not done, it is more than likely that the title company did not know that there was a recommendation for your transaction. I was an agent and the company I used to work for — over the years, I really had only two good recommendations from the Relo division. In most sections, the other transfers were surcharges and appeared to be persons sent by agents who were trying to reach their quota for transfers to headquarters.