Too Many Leads!!!

RAINBOW · #**1 Too Many Leads!!!** 10-26-2007, 04:01 AM

Guys I'm about to have more than I can handle. Right now I get about 120 buyer leads monthly via the internet. That number is about to kick up to about 5-600 monthly, in about a 60 mile radius of where I am. I am not familiar with a couple of the areas that the leads will be coming from.
I was going to just charge other agents a referral fee.

What do you guys think is fair as far as referral fees for hot leads i.e. buy within the next month.
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Mack Perry · #**2 Re: Too Many Leads!!!** 10-26-2007, 05:13 AM

Why not hire buyers agents to work for your team and keep to entire transaction for the team?

Northern_IL · #**3 Re: Too Many Leads!!!** 10-26-2007, 05:23 AM

I concur with Mack.

Wish I had that problem.

jessiesc · #**4 Re: Too Many Leads!!!** 10-26-2007, 06:08 AM

I want that problem, share the wealth

AaronSOLD · #**5 Re: Too Many Leads!!!** 10-26-2007, 11:30 AM

I've always asked for and accepted 25% referral fees. I won't pay more than that for a lead because it doesn't seem worth it at the end (I'm not desperate for the business).

I'm looking at that problem too (smaller number of leads) and am looking at bringing someone in under my commission split and giving them a better split than the company does but would also give me greater than 25% of the commission....