LICENSE HOLDING COMPANY
Whether you are retiring, taking a break from the business, changing careers, or just wanting
to earn some passive income from the license you worked hard to obtain, we can help!
When you hang your license with Referral Broker we allow you to earn referral fees without
all the fees you typically have to pay to have your license active at a traditional brokerage.
HOW DOES IT WORK?
Schedule a Consult
We want to make sure that we
can serve your needs at the
highest level, schedule a
confidential consult call to see
how Referral Broker can help
you earn money by putting
your license on hold & sending referrals!
What Do You Pay To Us?
When you send a referral to an
agent of your choice, you just
pay a $350 processing fee to
Referral Broker when you
receive your referral check.
What Other Things Do I Pay For?
You can cancel all of the fees
that you currently have with
your license being active (MLS, Website, Contracts, etc.), you
just maintain your current E&O
Policy or get one if you don't
currently have E&O.
Upon receiving your first
referral fee each year, we will reimburse you for the cost of
your E&O Policy.
Do I Still Need Continuing
Education?
Yes, you still are required to
maintain the minimum amount
of education required by your
state to keep an active license.
We will have many low cost or
no cost virtual options
throughout the year to help
you make sure you can easily complete these hours.
Send Referrals
&
Collect Referral Checks
As you have clients or anyone
that you know interested in
real estate, refer them to an
agent of your choice & receive
your referral fee. Need help in
finding ways to generate
referrals from the people you
know, check out our training
courses for ways to generate
more referrals.
Sign Up
Sign up to join, we will email
you e-sign documents to
transfer your license to Referral Broker
FAQ'S
WHAT STATES CAN I HANG MY REAL ESTATE LICENSE WITH REFERRAL BROKER?
Currently Referral Broker is Licensed in Colorado, more states
will be available soon!
WHAT FEES DO I PAY WHEN JOINING?
We don't have any fees for you to hang your license at Referral
Broker, you just need to have an active real estate license and
current E&O Policy. If your license is inactive or you don't
have a current E&O Policy we can help you with obtaining
one. Upon your first referral fee each year, we will reimburse
you for the cost of this policy.
HOW MUCH DO YOU CHARGE ME WHEN I RECEIVE
A REFERRAL CHECK?
We keep it simple, we just charge a flat $350 fee to process
your referral check, regardless of the size of the referral check
that you receive.
WHAT IF MY LICENSE IS CURRENTLY INACTIVE OR EXPIRED?
Not a problem, we will help you with the steps to get it active
with the Division of Real Estate.
WHAT REFERRAL FEE CAN I CHARGE AN AGENT?
You get to choose what fee you want to charge an agent you
refer a client to, 25% has been an industry standard for many
years but you can negotiate any fee you want higher or lower
with the agent that you choose.
HOW DO I GET PAID?
Once we receive your referral fee, we can Direct Deposit it to
your bank account or mail you a check, whatever works best
for you. We will send you a 1099 at the end of the year so you
have everything you need to report your earnings.
CAN I BE MY OWN AGENT ON A PERSONAL TRANSACTION?
No you cannot act as an agent in your own transactions, but
we can assist in helping you find an agent that is willing to
pay much larger referral fees to you when you are buying
your own property.
CAN I REPRESENT ANY SELLERS OR BUYERS?
No you cannot act as an agent to any client, Referral Broker is
just a license holding company that allows you to refer
business and receive referral fees.
CAN I CHOOSE WHO I SEND MY REFERRALS TO?
Yes you get to choose who you send your client referrals to, if
you don't know of agent in the area that your client lives in or
is looking to move to, our Referral Placement service can assist
you in finding the right one!
CAN I REPRESENT MYSELF ON A NEW BUILD?
Yes, on a new build property you can refer yourself to the
builder and receive the commission paid by the builder less
the $350 transaction fee you to pay to us.
CAN I BE A MEMBER OF AN MLS?
No, since Referral Broker is not a member of any MLS's you
will not be required to be or allowed to be an MLS subscriber.
DO I STILL HAVE TO DO CONTINUING EDUCATION?
Yes, you will still have to maintain your continuing education
requirements required by your State. We will have many free
or discounted virtual options available to you throughout the
year to help you complete this.
LOCATION
6547 N ACADEMY BLVD #2277 COLORADO SPRINGS, CO 80918
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