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Q: Real Estate Commission in California (referral compensation) ( No Answer,   1 Comment )
Question  
Subject: Real Estate Commission in California (referral compensation)
Category: Business and Money
Asked by: nor123-ga
List Price: $10.00
Posted: 21 Sep 2006 16:07 PDT
Expires: 21 Oct 2006 16:07 PDT
Question ID: 767429
I Have a real estate salesman's license in California. My license was
in between Brokers. I took a client of mine to a house, my client
ended up buying the house but she used the listing agent. The listing
agent refuses to give me a referral compensation?  The listing broker
claims that I am out of luck because my license was not with a broker.
(it is now)  There broker claims I have violated the law even showing
a house to my client and claims I will be fined $10,000. and loose my
license if I take them to arbitration. My clients will come forward
and tell whom ever that I brought her to the house.   Am I getting
screwed?  It was a $1.2m sale.
Answer  
There is no answer at this time.

Comments  
Subject: Re: Real Estate Commission in California (referral compensation)
From: cynthia-ga on 21 Sep 2006 16:30 PDT
 
Assuming it's 3%, uou lost $36,000 by not writing the deal, even at
1/2 that it's a bundle. If your license was not registered with a
Broker, you don't have much of a case, --and have a lot to lose. I'd
swallow my lumps and play by the book next time. THe Real Estate
industry is dog eat dog, I should know.

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