Real Estate Brokerage

Real Estate Referral Fees: Do They Harm Consumers?

CFA’s report Real Estate Referral Fees: Do They Harm Consumers?, examines referral fees paid by real estate agents to other agents and referral agencies.  The report shows that these fees do not ensure the best customer service, often the opposite, and that the fees support high, uniform commission rates.  The referral fees are typically 25% of the agent’s commission but are frequently higher, especially when charged by referral agencies.