Agent Referral Network
Share
A referral network system called "Real Estate Buddy" that connects real estate agents across different states to share clients who are relocating, allowing agents to earn commission shares while providing trusted referrals.
Key Points:
-
Core Concept:
- Connect real estate agents across different states
- Share clients who are relocating to new states
- Split commissions between referring and receiving agents
-
Problem It Solves:
- Real estate agents typically can't help clients moving to other states
- Agents are usually competitive within markets, but can collaborate across states
- Clients need trusted agents in their new location
-
Value Proposition:
- Referring Agent:
- Earns share of commission from relocated client
- Maintains relationship with client
- Receiving Agent:
- Gets pre-qualified, trusted client
- Free referral with minimal acquisition cost
- Referring Agent:
-
Key Differentiator:
- Creates collaboration in typically competitive industry
- Benefits both sides of the transaction
- Builds trusted network across state borders
This idea transforms typically competitive real estate relationships into collaborative ones by focusing on cross-state moves where agents aren't competing for the same market share.
36:23 - 38:02
Full video: 01:09:41SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.