When is the referral fee due?
The Closing and Procedures FAQ says that after a transaction closes, the referral status is updated, then the referral coordinator or brokerage submits a broker-to-broker fee. The closed-customer workflow requires settlement and commission statements, followed by fee payment.
Read the official payment termsHow the referral program works
- 01
Ask HomeStory about joining through its network or a participating brokerage.
- 02
Accept suitable referrals and make the first connection through the program's routed phone number within the stated response window.
- 03
Keep status updates current and close under the referral agreement attached to that customer.
Fees and payment terms
The FAQ states a standard 40% referral fee for new assignments from May 1, 2025. The specific client's referral agreement controls. The stated calculation includes total gross income such as broker-admin fees, transaction fees and bonuses.
Upfront and other costs
The reviewed public FAQ does not establish a universal upfront or membership charge; confirm the full agreement.
Use the current written agreement to confirm the fee base, when payment is due, and which future transactions are covered.
Who this program is for
Selective, performance-managed network. Public contact is an inquiry route, not automatic agent enrollment; agents may participate through their brokerage.
May be a good fit for
Agents with strong response systems who want bank- and lender-sourced introductions.
One detail to pay attention to
The FAQ has older and newer response/update instructions. Confirm the current requirements, fee base and exact client agreement before accepting.
HomeStory FAQs
Official program information
These company pages informed this guide. They're the best place to confirm changes before you apply.
Public program and application pages establish current marketing or enrollment activity. They don't establish openings, lead volume or acceptance in your market.
