In which activity can an agent receive a referral commission?

Receiving a referral commission is a common practice in real estate, and it typically occurs in the context of referring clients to other agents or real estate professionals. When an agent successfully refers a buyer or seller to another agent who then completes a transaction, the referring agent is entitled to a referral commission as a form of compensation for their role in connecting the two parties.

In the case of buyer/seller referrals, the process allows agents to leverage their networks. This can happen when an agent has a client looking to buy or sell in an area where they do not specialize or have insufficient local knowledge. In such instances, they can refer their client to another agent who has the necessary expertise or market presence, thus facilitating the client's needs while still earning a commission for making that connection.

Other activities listed, such as estimating property value, handling legal transactions, or conducting home inspections, do not typically involve the payment of referral commissions because they are more focused on services provided rather than establishing connections between buyers and sellers. These activities are part of transactional services that do not feature the same referral-based compensation structure.