“Reverse Referral Fee”

Wanted:  Twin Cities Realtor With Expertise Purchasing Fannie Mae Homes

Normally, a Realtor who refers business to another agent collects a referral fee.

Depending on the circumstances, such a referral fee can be as much as 33%(!) of the ultimate commission.

So, what’s a “reverse referral fee?”

When the referring agent has to pay Agent #2 a bounty to accept the new client.

I’ve got a buddy who wants to buy a Fannie Mae foreclosure — not my expertise — and so far am not having any luck finding any takers.

Of course, it IS Thanksgiving week . . .