1.4M NAR members can now access special benefits on the ReferralExchange LIVE lead concierge program

ReferralExchange, the real estate industry’s leading referral network, has been selected as the newest partner in the REALTOR Benefits® Program, the official partnership program of the NATIONAL ASSOCIATION OF REALTORS® (NAR), America’s largest trade association. The REALTOR Benefits® Program connects members with savings and unique offers from more than 30 strategic partners, recognized as leaders in their respective industries. Participation in the Program provides an unmatched opportunity for NAR’s strategic partners to connect with the $5 billion REALTOR® brand and deliver value to 1.4 million REALTORS® nationwide.

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“Today, real estate agents obtain leads from more places than ever before, but market inefficiencies too often lead our members in the wrong direction – costing valuable time and resources,” said NAR CEO Bob Goldberg. “We are excited to announce a partnership with ReferralExchange, which will allow agents to focus more time serving clients and building the relationships necessary to drive their businesses while ensuring they are maximizing lead verification investments.”

LIVE by ReferralExchange consists of three simple steps that allow agents to turn leads into actionable transactions.

• Lead verification: ReferralExchange uses proprietary technology to quickly figure out which of an agent’s raw leads are real and which are not.
• Lead readiness: ReferralExchange’s licensed customer service team calls the agent’s leads and uses a proven system that verifies data and determines the potential client’s readiness to transact. A live transfer sends the lead directly back to the agent via phone.
• Lead transaction: Once a lead has been verified as real and ready to transact, the agent may decide whether or not to complete the deal themselves

“From the time our company was founded in 2006, we’ve valued the role that NAR has played in making our industry better for both real estate agents and consumers,” said Scott Olsen, CEO of ReferralExchange. “Since the majority of the 140,000 real estate agents in our broader agent network are already REALTORS®, we’re excited to officially offer our LIVE service through NAR’s REALTOR Benefits® Program.”

More specifically, LIVE is currently in use by over 16,000 real estate agents across the country for referral and lead concierge services.

“ReferralExchange scrubs the leads and makes sure the person is ready to talk, which is huge,” said Kathie Fitzpatrick, a broker with Keller Williams Yakima Valley in Yakima, Washington. “The LIVE service also makes me look more professional in the eyes of the consumer due to the simple fact that someone is calling prior to me reaching out in order to qualify them and determine their readiness to transact.”

About ReferralExchange

ReferralExchange, the nation’s top agent-to-agent real estate referral company, is dedicated to creating great real estate experiences between real estate professionals and customers. Founded in 2005, ReferralExchange has built an invite-only, nationwide network of over 140,000 top-performing real estate agents in the US and Canada. In 2018, the network helped generate over $4 billion in sales. Building on the success of its referral network, the LIVE product was introduced to help real estate agents provide the best possible service to their clients. To learn more, visit https://www.referralexchange.com/.

About NAR

The National Association of Realtors^® is America’s largest trade association, representing more than 1.4 million members involved in all aspects of the residential and commercial real estate industries. The Realtor Benefits® Program is the association’s official member benefits program, connecting members with savings and unique offers on products and services just for Realtors® from more than 30 companies recognized as leaders in their respective industries. https://www.nar.realtor

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Scott joins an exclusive group of industry leaders who have made newsworthy contributions to the real estate industry

San Francisco, CA, January 6,  – ReferralExchange is pleased to announce that Scott Olsen, CEO, has been selected as an RISMedia 2020 Real Estate Newsmaker—a dynamic group of key influencers making headlines as a result of their newsworthy contributions to the real estate industry, and their efforts to positively affect the consumers and communities they serve.

RISMedia, the leader in U.S. real estate news and information services, announced its 300-plus, 2020 Real Estate Newsmakers on Jan. 8, in both an online directory on RISMedia.com and in the January issue of its flagship publication, Real Estate magazine.

Read more about Scott’s honor here.

Myron joins an exclusive group of industry leaders who have made newsworthy contributions to the real estate industry

San Francisco, CA, January 6,  – ReferralExchange is pleased to announce that Myron Lo, Chief Strategy Officer, has been selected as an RISMedia 2020 Real Estate Newsmaker—a dynamic group of key influencers making headlines as a result of their newsworthy contributions to the real estate industry, and their efforts to positively affect the consumers and communities they serve.

RISMedia, the leader in U.S. real estate news and information services, announced its 300-plus, 2020 Real Estate Newsmakers on Jan. 8, in both an online directory on RISMedia.com and in the January issue of its flagship publication, Real Estate magazine.

RISMedia’s 2020 Real Estate Newsmakers were nominated in 2019 by RISMedia readers and editors and are showcased in the following categories: Influencers, Trailblazers, Futurists, Achievers, Crusaders, Inspirations, Luminaries and Trendsetters.

Read more about Myron’s honor here.

ReferralExchange releases directory of real estate lead sources

Guide aims to simplify and compare lead purchasing process for agents

San Francisco, CA, July 22, –(BusinessWire)– ReferralExchange, the real estate industry’s leading referral network, today announced the release of their new online directory of 22 of the most active real estate lead sources in their network. The directory is made available July 22, 2019 through the ReferralExchange LIVE service to help agents see the various choices available for leads.

“There are over 100 million real estate leads generated each year, yet only 11 million home transaction sides closed in 2018 according to N.A.R. It is evident that real estate agents face a daunting challenge of focusing on the right lead sources,” said Myron Lo, Chief Strategy Officer, ReferralExchange. “Balancing the tradeoff between quality vs. quantity and exclusive vs. non-exclusive leads is a real problem for real estate agents – our directory will alleviate some of this burden by giving agents a head start on where to focus.”
Information provided in the directory includes company overviews; lead sources for each company; whether the company scrubs leads; pricing structures; and the platforms each company can integrate with.

“The new ReferralExchange directory helps to address one of the biggest pain points that real estate agents face – leads,” said Dave Garland, Managing Director of Second Century Ventures, “The market for real estate leads is vast and varied. With many sources and pricing models to choose from, the directory is a great start for real estate agents who are looking to grow their business through leads & referrals.”
ReferralExchange LIVE scrubs leads for their member agents. The company reported that 81% of these leads come via email to the real estate agent, 16% of the leads come to the real estate agent into their chosen customer relationship management platform, and 3% of the leads are manually entered. Of the lead sources they have seen, they reported that the best quality of scrubbed leads from come from Boomtown, Zillow, and kvCore.

LIVE is a ReferralExchange service that manages third-party leads for agents by filtering, qualifying and live-transferring back interested prospects. LIVE currently manages leads from all of the sources in this directory.

You can download your copy of the leads directory here.

About ReferralExchange

ReferralExchange, the nation’s top agent-to-agent real estate referral company, is dedicated to creating great real estate experiences between real estate professionals and customers. Founded in 2005, ReferralExchange has built an invite-only, nationwide network of over 140,000 top-performing real estate agents in the US and Canada. In 2018, the network helped generate over $4 billion in sales. To learn more, visit https://www.referralexchange.com/.

Contacts

ReferralExchange Contact: Francine Contreras, (415) 693-1451, francine@referralexchange.com

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ReferralExchange was featured in The Mortgage Reports. “According to a new report from Referral Exchange, agent-to-agent referrals play a powerful role in a real estate pro’s earning capacity. Seventeen percent of all real estate agents earned anywhere from $20,000 to $50,000 last year due to other agents’ referrals. Another 20 percent earned $10,000 to $20,000 thanks to these referrals, while 6 percent took in $50,000 to $100,000.”

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ReferralExchange was featured in Inman News. “Referrals continue to play a key role in many real estate agents’ business even as the market has softened, according to a new survey, though the industry is relatively evenly split between agents who are raking in the cash from referrals and those who aren’t. The survey, from lead qualification platform ReferralExchange, asked more than 1,200 agents what kind of impact referrals had on their bottom line in 2018. Of those surveyed, 25 percent received between six and 10 referrals, 19 percent received between 11 and 25, and 11 percent received more than 25.”

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ReferralExchange was featured in Real Estate Magazine Canada. “San Francisco-based ReferralExchange, a source of referrals and lead-gen management to more than 25,000 real estate agents in the United States, has expanded to Vancouver, Calgary and Toronto. Scott Olsen, CEO of ReferralExchange, says he’s ecstatic the company is entering the Canadian market. “By combining our matching algorithms with a seasoned and licensed outreach team, we have connected agents and clients around the United States. We’ve been asked by many agents to bring our service to Canada. We know it will be a real benefit to consumers searching for a trusted agent.”

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ReferralExchange was featured in Business Wire. “Real estate agents around the country continue to benefit from the referral economy within the industry. The third-annual study from ReferralExchange, the leading referral network for real estate agents in the U.S. found that referral fee earnings were strong in 2018, with some agents earning more than past years. The number of agents earning between $20,000 and $50,000 in referral fees increased to 20% last year from 17% in 2017. The number of agents earning between $10,000 and $20,000 in referral fees decreased to 17% from 25% the previous year.”

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ReferralExchange was featured in Forbes. “Being an agent can be a lonely job. Unless you’re part of a team or have an assistant, you are completely responsible for the success of your own business. While a career with no limits can be exciting, it can sometimes be as much of a blessing as a curse. However, the reality is that there simply aren’t enough hours in the day to do everything you need to do to manage your real estate business. In order to truly achieve your goals, you’re going to need help. Identifying where, when or how you need it can also be challenging. Given below are some ideas to help you get started.”

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ReferralExchange was featured in Inman News. “ReferralExchange announced Thursday that it is expanding into Canada, and that it has teamed up with tech-forward real estate company HomeSmart. The Canadian expansion means that ReferralExchange — which connects agents to both consumers and to each other — is now operating in Vancouver, Calgary and Toronto, according to a company statement. At the same time, ReferralExchange will also power the referral network of HomeSmart, a fast-growing Arizona-based company that was recently ranked the fifth largest in the U.S. by number of transactions.”

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