Paying an International Referral

PAYING AN INTERNATIONAL REFERRAL

When it comes to paying an international business entity for a referral, you will want to talk to your CPA and find out if you will be required to 1099 a business in that country. You will also want to talk to your broker and verify that it is within the local real estate guidelines.

Enter the outside referral in WinMORE using the first 9 digits of their business ID number.

If the business does not have a business ID number: enter something in the WinMORE field in order to enter the Outside Broker in your system. For example, enter 11-1111111 in the ID field in order to enter the referral partner and pay the referral. Do not submit a 1099 to the IRS for this referral.

FINDING AN INTERNATIONAL REFERRAL BUSINESS PARTNER

Associates must be a member of the GPS Community to search for international referral partners. Associates can click here to learn more about the GPS network and how to get started.

See the attached flier for a quick-start guide to get involved in the Global Property Specialist Network.