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Outgoing Referrals
- Referrals from Parks sales associates who have clients needing real estate
services outside Middle Tennessee. Parks contractual agreement with The Leading Real Estate
Companies of the World
®
network requires that all outgoing referrals be channeled through the
Relocation Department. Parks agrees to a 30% referral fee from our network brokers which
translates to approximately 24% to the agent giving the outgoing referral.
The outgoing coordinator will place the referral with a Leading Real Estate Companies of the
World
®
member, if applicable, within 24 hours. The outgoing referring sales associate may request
an individual sales associate or one with specified certifications. (i.e. ABR, CRS, GRI, LTG, etc.)
The outgoing coordinator will keep the sales associate informed throughout this process. The
outgoing referral fee is 30% of the functional side. The Leading Real Estate Companies of the
World
®
network receives 20% of the referral fee. The sales associate receives their portion of the
commission after the close of the sale.
Incoming Referrals
- Broker-to-Broker Incoming referrals should be registered immediately
upon receipt, through the Relocation Department (via email, fax or phone registration with the
relocation department staff: 615.574.7319).
If the referring company is in our network, The Leading Real Estate Companies of the World
®
,
a 45% referral fee will be charged and the referral fees will be paid to the referring company
(agent) through the Relocation Department. An 80/20 commission split applies after the
45% is deducted from the transaction side of the commission. If agent is below 80/20, then
the 70/30 or 75/25 split the agent is currently at will be the applicable split.
A directory of Leading Real Estate Companies of the World
®
can be found at www.leadingre.
com. Click on Member Directory, enter Company name, city or state to view list. (For example:
franchise companies such as Coldwell Banker, GMAC, Exit Realty, Century 21 are not members of
this independent network).
Note: All 3rd Party / Corporate Transfers, Broker to Broker network and non-network, and any
business generated by the department and assigned to the agent are subject to the normal 45%
referral fee.
CORPORATE RELOCATION