Agent Incomes Get a Lift From Referrals: Study

In real estate, referrals are vital. According to a new ReferralExchange study, 42 percent of agents earned $10,000-$50,000 from fees for referrals last year; as many as 5 percent earned $50,000-$100,000, and 2 percent earned up to $500,000.
“Referrals are one of the key drivers of business in the real estate industry,” says Scott Olsen, CEO of ReferralExchange. “If an agent can’t assist a client in buying or selling, a solid referral is crucial. Experienced agents rely o