Editor: Created page with "A referral fee, sometimes called a finder's fee is a payment made to a person or entity who facilitates a deal, that is links up a potential customer with a provider. Such fees a..."

2024-12-13T16:18:01Z

Created page with "A referral fee, sometimes called a finder's fee is a payment made to a person or entity who facilitates a deal, that is links up a potential customer with a provider. Such fees a..."

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A referral fee, sometimes called a finder's fee is a payment made to a person or entity who facilitates a deal, that is links up a potential customer with a provider. Such fees act as incentives for facilitators or agents to act as a third party in setting up initial contact points, and can range from the purchase of buildings, as in effect estate agents, to builders and skilled professionals carrying out work for a client. The term is described in the [https://www.designingbuildings.co.uk/wiki/RICS RICS] '[https://www.rics.org/profession-standards/rics-standards-and-guidance/sector-standards/real-estate-standards/retrofit Residential retrofit standard: RICS Professional Standard UK]'[https://www.rics.org/content/dam/ricsglobal/documents/standards/residential-retrofit-standard_march-2024-1.pdf ,] published as a 1st edition in March 2024, simply as 'An amount of money that is paid by one organisation to another for being recommended to a client or customer.'

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[[Category:DCN_Definition]] [[Category:Definitions]]

Referral fee - Revision history

Editor: Created page with "A referral fee, sometimes called a finder's fee is a payment made to a person or entity who facilitates a deal, that is links up a potential customer with a provider. Such fees a..."