How the Del Realtor Referral Program Works for Property Management in Toronto

If you have an investor client who needs help renting and managing their condo after closing, Del lets you connect them with professional property management while earning a referral fee.

Our realtor referral program for property management in Toronto pays 20% of the first month’s lease value for each successful referral. We take over the rental management side, while you remain the client’s realtor for future real estate needs.

Here’s how the program works.

What Is the Del Realtor Referral Program?

The Del Realtor Referral Program allows you to refer condo owners who need help leasing and managing their investment property.

Once you submit a referral, our team contacts the owner directly to learn more about the unit and their needs. From there, we handle the leasing and ongoing property management process.

A referral is considered successful once the owner signs a Del management contract and a tenant moves into the unit.

You remain the client’s realtor throughout the relationship. If the owner later decides to sell, we refer them back to you. For more on how this fits into your ongoing client relationship, see our guide to How a Property Management Referral Program Helps Toronto Realtors Support Investor Clients .

Who Qualifies for the Del Referral Program?

The program is designed for referrals involving registered condominium units and owners who are new to Del.

Under the current Del Referral Program terms, a qualifying referral must meet a few requirements:

• The property must be a registered condominium unit.
• The owner cannot already be a Del customer.
• The owner cannot already be in negotiations with Del about becoming a customer.
• The referral cannot be a self-referral.
• A separate referral form must be submitted for each unit.
• The referral must be submitted through Del’s official referral page.
• The form must be completed before a Del management contract is sent to the owner.

Before submitting the form, you’ll also need permission from your client to share their contact information with us.

How Much Do Realtors Earn From a Successful Referral?

Del pays a referral fee equal to 20% of the first month’s lease value for each successful referral.

For example, if your client’s condo leases for $3,000 per month, your referral fee would be:

$3,000 × 20% = $600

For the referral to qualify, two things need to happen:

1. The referred owner signs a Del management contract.
2. A tenant successfully moves into the unit.

Once those requirements are met, the current program terms state that the referral fee is paid after 30 days have passed from the referred owner’s lease start date.

We can pay only one referral fee per unit, and we cannot split referral fees between multiple referrers. No additional referral fee applies if the owner renews their Del management contract for a second year.

How Do I Submit a Referral to Del?

Submitting a client through our realtor referral program is easy.

1. Get Permission From Your Client

Before sharing their information, confirm that the condo owner has given you permission to provide their contact details to Del for rental management services.

2. Complete the Del Referral Form

Visit our realtor referral page and provide the requested details, including:

• Your first and last name
• Your email address
• The owner’s first and last name
• The owner’s email address
• The property address
• The owner’s phone number, if available

3. Submit the Referral Before the Management Process Begins

Make sure the referral form is completed before a Del management contract is sent to the owner. Referral registrations submitted verbally, by text, or by email do not qualify under the current program terms.

4. Del Contacts Your Client

After you submit the referral, our team reaches out to the owner to discuss the property, their rental plans, and the management services they need.

5. We Handle the Rental and Management Process

If the owner decides to work with Del, we take over the rental side of the property. This can include:

• Pricing the unit
• Marketing it
• Screening tenants
• Coordinating the lease and move-in
• Managing the condo after occupancy.

6. You Receive Your Referral Fee

Once the owner has signed a management contract, a tenant has moved in, and the payment requirements have been met, you receive 20% of the first month’s lease value.

Del Realtor Referral Program FAQs

Can I refer a client who has already contacted Del?

A referral does not qualify if the owner is already a Del customer or is currently in negotiations with Del about becoming one. You must also submit the referral form before sending a management contract to the owner.

Does Del take over my relationship with the client?

No. Our role is to handle leasing and property management. You remain the client’s realtor, and if they decide to sell the property in the future, we refer them back to you.

Can I submit a referral by email, phone, or text?

No. Referrals need to be registered through the official Del Referral Program page to qualify. The current program terms do not accept verbal, email, or text registrations.

Have a Toronto condo owner who needs rental management? Submit your referral to Del Condominium Rentals, and our team can take it from there.