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referral
(redirected from referrals)

   Also found in: Dictionary/thesaurus, Medical, Legal 0.01 sec.
referral

Recommending a particular broker to someone. Brokers may legally pay referral fees,but only to other brokers.



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Many business owners and their employees feel that it is inappropriate to ask people to refer others, however most loyal customers if asked about referrals can usually think about someone that might be interested in your businesses products and services.
There will be some arrangements where a commission can be earned based on a prearranged percentage or a flat-rate referral fee; but many startups are happy to give free referrals in return for the same courtesy.
A commercial referral service will only list referrals who are involved with commercial projects.
 
 
 
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