For Exit referrals, what documentation is required to confirm all referrals?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
- a) It is recommended that the Commission split for EXIT referrals remain uniform. The standard rate of Commission to be paid for an EXIT listing referral is 40% of the listing Commission received. The standard rate of Commission to be paid for an EXIT buyer referral is 25% of the selling Commission received. All referrals must be confirmed in writing on documentation supplied or approved by EXIT.
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, all referrals must be confirmed in writing on documentation supplied or approved by Exit. This means that to properly document a referral within the Exit system, franchisees and sales representatives must use specific forms or documents that Exit provides or has given prior approval to.
This requirement ensures that Exit maintains a consistent and standardized approach to referral tracking and commission payments. By mandating the use of approved documentation, Exit can better monitor referral activity, ensure compliance with company policies, and accurately calculate commission splits. This also helps in resolving any potential disputes or discrepancies related to referrals.
For a prospective Exit franchisee, this implies a need to be diligent in using the correct paperwork for all referral transactions. Failure to use the approved documentation could lead to delays in commission payments or even disputes over referral fees. Franchisees should familiarize themselves with all required forms and procedures related to the Exit Referral System to ensure smooth and accurate processing of referrals.