Referrals for Zillow Preferred Leads

If a Preferred agent refers their Zillow Preferred connection to another broker/agent outside their existing Preferred team and that broker closes the deal:

• If the original Preferred agent earns a referral fee:
  • Zillow treats that as a Preferred transaction.
  • The original agent must log the transaction in the Premier Agent app with the referral fee amount as the commission, upload proof (check/statement), and pay the Zillow Preferred Success Fee on that referral amount.
  • They also get transaction credit toward their target.
• If the original Preferred agent does not receive any referral fee or commission:
  • There’s no Success Fee owed, because Zillow’s fee is always a percentage of the Gross Commission Income the partner actually earned on the transaction; if they earned $0, there’s nothing to apply the fee to.

The split on the referral income received shall be processed as:   

• Gross Referral Income received
• Succuess fee paid off the top to Zillow
• 60/40 split on the remaining(agent/ company)