Legal Q&A | The importance of putting your referral agreements in writing
QUESTION: In 2017, an agent I know (Ann) referred one of her friends (Pam) who was looking to sell her home and move to another state. I agreed to list Pam’s home and pay Ann a 25% referral fee if a sale resulted. Shortly thereafter, Pam changed her mind, and we took her home off the market. Several weeks ago, Pam called and asked if I would list her property again. She also asked me to assist her in buying a new home in the area. I called Ann to tell her about these developments. Ann is now claiming that if there are successful closings, I will owe her 25% of my commission on the listing and on the purchase. Ann and I never talked about me representing Pam as a buyer, and we never signed a written referral agreement. What do I owe Ann, if anything?
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Tune in TODAY at 1pm | How to handle Multiple Offers with Will Martin
Join us TODAY at 1pm for another Mobile Mondays session. Will Martin, NC REALTORS® General Counsel, will discuss the topic of multiple offers. You don’t want to miss it! Save your spot »
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