You can earn referral fees and help your family and/or friends.
Typically we pay ten percent (10%) of the broker's commission for each referral that results in a completed sale. The fee is paid to you when we receive our commission. There are several factors that determine the commission rate we charge, but for example, if your friend's business sells for $600,000, at a broker's commission of 13%, your referral fee would be $7800! In addition to helping your family members or associates, this is an excellent way to generate an extra "bonus" for yourself, or to create an ongoing revenue source from multiple referrals throughout the year.It's important to us that your relationship with your friend or relative stay strong, so you can contact us confidentially and we will initiate contact with the business owner without mentioning you. Or with your permission, we will mention you when we contact them. In either case, your fee is not disclosed to anyone without your permission, but it is important that you contact us before the seller contacts us.
Remember, your fee is paid upon completion of a successful sale. Therefore it is important that you refer businesses that are strong candidates - otherwise they will never meet the qualifications to be listed and sold. I encourage you to review the Buyer - Making Money page to understand better the characteristics of a company that will sell. Good profitable companies will bring you referral fees because they will sell! Don't hesitate to Contact Us if you have questions about what a good referral would look like.