Real Estate Referral Form FAQs
1) What is a real estate referral form?
A real estate referral form is a document used in the real estate industry to refer potential clients to other real estate professionals or agencies. Typically, these forms are used when a real estate agent or broker has a client who wants to buy, sell, or rent a property that the agent can’t help them with — whether it be an issue with location, scope of service, or timeline.
The real estate referral form is sent from the referring agency to the receiving agency, and it outlines details about the referring company, the client, and the pending property transaction. The form may also establish the terms and conditions of a referral agreement.
2) Who can use a real estate referral form?
Most often, real estate referral forms are used by real estate agents, brokers, and agencies who don’t have a presence in a client’s requested location or market. However, real estate referral forms can also be used by mortgage brokers, relocation companies, or other organizations that specialize in housing and have partnerships with real estate agencies.
3) What information is typically included in a real estate referral form?
Great question! A real estate referral form typically includes information about the referring agent, the receiving agent, and the client — such as name, address, contact details, license numbers, and more. The form also outlines the terms of the referral agreement, like duration or commission, along with further details about the client’s real estate needs and background.
4) What is the purpose of a real estate referral form?
The purpose of a real estate referral form is to ensure that a client receives the services they need from a real estate agency — even if the agency they’re speaking with can’t fulfill a request. The form serves to document the referral process with clear information to support an easy transition to a new contact. These forms can help real estate professionals and agencies strengthen professional relationships in their industry and increase the likelihood that other agencies will refer clients back to them in the future.
