|Posted by Park Place Realty Network on May 24, 2019 at 5:40 PM||comments (0)|
Question: I have an active real estate license in Georgia and I wanted to see how do I go about getting a referral fee by referring out my client to another real estate company in another area in the United States?
Asked by: Greg
Real Estate Broker: Hi Greg, If your license is currently active, then you can legally collect a referral commission. But, it depends on the rules within your real estate company as some companies only allow sales of local real estate. If your current broker does allow it, you would find an agent in the area that you are needing an agent. There is a lot of good information online to find good agents. Make sure that the agent or even better, the agents broker signs a referral agreement contract that discloses the agreed upon referral fee, typically 20-30% of the total gross commission. Once you have the executed referral agreement you can trust to provide the information to the agent to contact your referral. The referral fee will typically be paid after the closing of the sale. If you need a company that can handle all of the research, click on the link below.
Broker: Jeremy W.
|Posted by Park Place Realty Network on April 17, 2019 at 4:00 PM||comments (0)|
So, you’ve decided to become a real estate agent in Georgia? That is quite a big move, and a great one! But don’t worry, it’s not that difficult! While there are a few steps you need to take, it is nothing that you can’t handle. And, actually, getting a license in Georgia is somewhat easier than in other states. Don’t be dissuaded, with just a few (albeit a bit lengthy) steps, you can also get a Georgia real estate license and start your next journey as a real estate agent!
Basic requirements to get a Georgia real estate license
You’ve probably given much thought to your career choice and are determined to see it through. However, before you even think about trying to get a Georgia real estate license, check to see whether you fulfil a few basic requirements. Without fulfilling them, you’re not even eligible to become a real estate agent in the state of Georgia.
Firstly, of course, you have to be over 18 and have to be a US citizen. You can, however, take the exam if you’re 17. But you should know that you cannot activate your license until you turn 18. Also, you must have a high school degree or at least a GED.
Educational requirements to get a Georgia real estate license
If you want to become a fully licensed Georgia real estate agent, you have to successfully complete the 75-hour Salesperson Pre-license Course. Also, you have to complete the course at a school that is approved by the Georgia Real Estate Commission. Some of the topics that are covered in the course include the real estate business, license law, qualifications for licensure, commission rules, real estate brokerage activities and procedures, etc. The training for this line of work is absolutely necessary if you want to get a Georgia real estate license.
However, there are other options instead of taking the Pre-license Course. You can complete at least 10 quarter hours or 6 semester hours of coursework for a major in real estate. It needs to be completed at an accredited college in the US or Canada. Or, you can complete a course in real property, agency or contract law.
What to do if you’ve just moved to Georgia?
It is possible that you are just considering moving to Georgia in order to start a new career. Of course, that is a great step! Georgia is a wonderful, wonderful state. With so much to do and a plethora of opportunities, this southern state may be the perfect choice for you!
However, before you move, check to see whether you’ve hired the right moving company. You don’t want your Georgian life starting off in a bad way! That is why you should go to https://bestcrosscountrymovers.com/ and find the perfect movers. They will be able to help you start your life in Georgia perfectly! And you will be able to start your new job as a real estate agent in peace.
If you have already completed 75 hours of pre-license coursework in any other US state or Canada, you don’t have to do it again. Just provide proof that you’ve completed it. Also, you need to provide proof that the coursework is approved by that state’s real estate regulatory agency. Or, in case you have completed it in Canada, you need the proof from the corresponding province. Even though you’re trying to get a Georgia real estate license, much of the coursework should be the same in all the states.
Apply for the Georgia Real Estate License Examination
In order to take the exam, you should register online or you can schedule your exam via phone. After scheduling it, make sure to pay the exam fee, which is $115. You will be taking the text at one of the AMP (Applier Measurement Professionals) test centers. And, of course, don’t forget to bring the required documentation to your exam. This includes:
• Two valid forms of identification, both with signatures. One ID has to be a government-issued ID with a photo, while the other can just include your name and signature (for instance, your credit card).
• Confirmation number of the registration.
• A copy of your criminal history. You can also get a report from the Georgia Crime Information Center from any police departments. Take note that you should get the report within 60 days prior to the examination. It’s only valid for 60 days, but you have to have it with you at the exam center.
Again, if you’re moving to the state to get a Georgia real estate license, start off your new life right! Don’t stress about the move, because there might be plenty of stress with the test. For movers that know their way around Georgia, go to https://bestcrosscountrymovers.com/georgia and find your match. The right movers can take the burden off your shoulders, leaving you at ease to deal with the test in a proper way.
Apply for a Georgia real estate license
If you pass the exam, apply for your license within a year of the date of the examination. In case the year has passed and you have not applied, you will have to retake the exam.
Another thing that is important is choosing a broker that can sponsor you. This is key if you want to activate your real estate license. You should get a signed statement in which it is stated that a licensed broker will guide you while you work. The broker in question can work independently or it can be a member of a firm. If you’re unsure of who to choose to mentor you, choose someone from the https://www.parkplacenetwork.com/. They offer experienced brokers that can definitely “show you the ropes” and guide you in the best way possible. Looking for a broker is not too hard with the right company and can be done even during the licensing process.
To get a license, you simply have to pay a $170 fee. The fee is $170 only in the first 90 days after you’ve taken the exam. After that, the fee doubles to $340. And, don’t forget, if you haven’t acquired your license after a year, you will have to retake the exam.
Don’t forget about the post-license course!
After you’ve activated your license, you still have to do some studying, we’re afraid. But, luckily, it’s not too demanding. During the first year of your licensure, you have to take a 25-hour post-license course. Make sure to complete it, otherwise your license, the one you’ve worked so hard for, will lapse.
Written By: Lisa Robert with US Moving Experts
Get the details on getting your Georgia Reciprocal license here:
|Posted by Park Place Realty Network on April 2, 2019 at 3:40 PM||comments (0)|
It’s true that the term ‘referral program’ is quite a confusing one. Not so many people know who is a real estate referral agent, and what’s his actual job. However, if you are interested in buying real estate, you should definitely learn real estate referral programs and the benefits of using them. In this win-win-win situation, you (as a client) will be referred to a trustworthy agent, and have someone to introduce you to a location you are not familiar with. That’s why let’s go through the main advantages of real estate referral programs. Learn about all the benefits of introducing a real estate referral agent into the business and letting him help the company with the leads and profit they are about to create.
Basic information on real estate referral agents
First of all, let’s see what a real estate referral agent does. A referral real estate agent is a real estate agent who has a license and refers their clients to other agents around the world. To do this job, the agent needs to be part of a brokerage and has good connections in the real estate world. The duties of a real estate referral agent include:
• create a decent number of referrals, to create profit
• promoting their services
• having a good connection in the real estate world
• being knowledgeable about top real estate agents in popular areas
• making sure that the referred agent provides good services to the client
Why a real estate referral agent is necessary for clients?
Well, if you are not into real estate, you may find this world confusing. You need to make smart decisions and you need to do it fast. However, if you plan on buying a property in an unfamiliar location, it may be difficult to find the perfect one. You may want a beach house, or a small cottage close to a lake or a ski resort. In a situation like this, a real estate referral agent can help you a lot. They can introduce you to a trustworthy local agent and make the process a lot easier.
Buying a property in another country or state, and moving to another place. That’s why hiring the right moving company is an imperative. Once the right real estate agent is there, choosing a trustworthy moving company is the next logical step. Moving long-distance is a tricky business, hiring someone like https://www.promoversmiami.com/long-distance-moving/ is a smart move since clients can trust them with their belongings without feeling worried or stressed.
What are the benefits of real estate referral programs?
Introducing real estate referral programs into the real estate business is the right step in many different ways. Here are some benefits of using this program for our business.
It is a win-win-win situation
Real estate referral programs are not only beneficial for the agent himself, but also for the client, and for the referred real estate client. This win-win-win situation creates a positive atmosphere among clients, and brings more leads to the business itself. For agents, working in real estate referral programs means more connections, and therefore more commissions and successful deals.
Cost benefits of real estate referral programs
No matter how much a real estate referral agent’s commission – it definitely pays off. The clients who buy from a referred, trustworthy agent usually pay for services without stressing out about the price. Once they are referred to a good agent, the price becomes less important item. This means higher profits and returning clients.
Real estate referral programs bring satisfied clients
If your business maintains high-quality real estate referral programs, more and more satisfied clients will stay longer with you. After some time of providing first-rate referral services, your business will gain a network of contented clients who will be likely to recommend the business to the people they know. This kind of promotion creates a positive image of your company and ‘help’ the new clients choose you as their next real estate company.
Your clients can trust you
With providing client referral services your business gets the word of mouth marketing. Embracing that kind of promotion tells you care about your clients and what they have to say. This whole situation creates a special connection between the company and its clients and increases customer loyalty. The clients will be more likely to recommend your business, spend more money on services and come back if they need the services in the future.
Real estate referral programs create rapport in no time
When we talk about sales, both bad and good reviews bring results quickly. If you do everything well, the word of mouth promotion will reward your business several times. Clients will choose a company much faster if they heard some positive experiences and read some good reviews and testimonials. That’s why you should focus on building a trusting relationship with your customers – and one of them is definitely real estate referral programs. Furthermore, you can always offer incentives to your loyal customers and by doing that encourage them to speak positively about your business. Once you start focusing on that kind of promotion, you will start to see more sales and more new clients.
Being a credible real estate company is not easy. It takes time and effort to attract the clients. However, if you do it in the right, honest way - the invested effort will definitely pay off.
As you can see, there are several benefits of using the real estate referral program. it is definitely something that gives much more than it is invested and it is an essential part of agent-client relationship. It’s based on the trust and confidence in choosing the right real estate referral agent.
Written By: Lisa Roberts with US Moving Experts
|Posted by Park Place Realty Network on March 22, 2019 at 5:00 PM||comments (0)|
Working in the real estate industry is exciting and challenging. It's a promising career, and it requires a specific set of skills. It is fascinating to meet new people and be involved in their lives on this personal level. Helping them achieve their dream goal of finding the perfect house is fulfilling, and it gives a sense of personal success. However, if you wish to become a Florida realtor, you have to know all the essentials.
First, the position of real estate agent requires knowledge, training and a license. To save you some trouble of searching on the internet, I decided to make this guide that should help you become a Florida realtor. Following these simple steps will significantly improve your chances of success.
Do you wish to become a Florida Real Estate Agent?
If your answer is yes, you are in the right place. Before we get into technical details of licensing, let's look at the root of every career choice - the passion. You have to have a passion for what you do. If you decide to become a Florida Real Estate Agent, your primary goal will be talking with people. You'll have to understand their wishes and try to overcome their expectations.
Nevertheless, to talk like a real salesperson, you must acquire the proper education.
Educate yourself to become a Florida Real Estate Agent
Working as a real estate agent not only requires education, but it also means that you have to be well informed. Selling a house to a client is only step one. Providing exceptional service is more important. Your client might also need moving services, help with finding cheap storage units in North Miami area , or just getting some general tips on the neighborhood. If you provide these information, it will leave a great impression. This is how you acquire regular clients.
Educating yourself is the first step in obtaining a real estate agent license
Now, to get more technical, if you wish to become a Florida real estate agent, you must:
• be over 18 years old
• have a high school diploma or GED
• complete 63 classroom-hours of pre-licensing courses
Let's talk in more detail about these steps.
Getting your diploma
I am sure you have many questions to ask, so let's begin. The first step to becoming a Florida real estate agent is to graduate from high school. This is simple if you are a student. However, if you are older than the average student and you need to meet this requirement, you can always complete a General Education Test, or otherwise known as the GED test.
It is also smart to take some extra classes in math and statistics. If you wish to work in this line of business successfully, you'll need to excel in those two areas of expertise. You can also attend a soft skill course, which should help you learn how to talk to people. If you are well educated, you will have more success. In return, you will get good testimonials from your clients.
Major in real estate is not a requirement
You don't have to major in real estate to become a Florida real estate agent. High school diploma is good enough. However, if you do complete a bachelors degree in real estate, you are exempt from taking sales associate and broker license tests. If you choose to get your college diploma, it doesn't have to be a Florida one. Any accredited U.S. college will do.
A real estate agent helps people to pick the best house for their needs, or to stage a house for selling
Before you can submit your license, you have to complete a 63-hour pre-licensing course. This class is approved by the FREC, Florida Real Estate Commission. It is important to know that the completed course stays valid for two years. Submit your license before it expires, or you'll have to retake it.
How to submit a license for a Florida real estate agent
Submitting the license is done online on the My Florida License website. An alternative is to print the application form and mail it to the Florida Department of Business and Professional Regulation. Applying will cost you $89 currently.
With the application form, you also need to include information about your education, professional experience, and your identity. Also, know that it usually takes from 3-6 weeks for the process to be completed, so apply at least six weeks before you plan to take the test.
Background check and electronic fingerprint
Before you can become a Florida realtor, you have to submit your background check, and electronic fingerprint from a Florida Department of Law Enforcement approved Livescan vendor. It has to be done at least five days before you submit your application.
Passing the exam
Pearson VUE administers the licensing exam. When you show up to take the exam, you must bring two forms of identification with your signature, and at least one has to have a valid photo. You also must bring your course certification. Prepare on time and don't forget to bring everything.
The test consists of 100 multiple-choice questions. Subjects are Real Estate Principles and Practices, Florida and Federal Laws, and Real Estate-Based Math Equations. To pass the exam, you need to score a minimum of 75% of correct answers.
The fee for the exam is $105 currently. However, if you are a veteran or a spouse of a veteran, you are eligible for a fee waiver.
In order to confirm your license, you will have to find an employer first
You can see the results immediately after completing the test. If your score is below 75%, you will have to wait at least 24 hours before you can schedule a new date. You can take the test as many times as you want, there are no limitations.
Apply for the job
After passing the exam, you are two steps away from becoming a Florida realtor. However, before you can officially get the license, you have to become an employee. Look for licensed real estate brokers and apply for the position. Since real estate agents are paid on commission, always check with your broker how is the money split after you close a sale.
A smart piece of advice
If you can't tell if a profit split is good or bad, there are ways to find out. For example, many quality moving companies, like orangemover.com, have connections with real estate agencies. Get in touch and ask an experienced real estate agent for advice.
A career of a real estate agent offers many possible ways to develop yourself
Pursuing your career
Once you become an employee, ask your employer to submit a DBPR RE 11 form under their name to the Division of Real Estate in the Florida Department of Business and Professional Regulation. This will officially confirm that you are a real estate agent and activate your license. This is how you become a Florida real estate agent
Furthermore, you can always study more to go for a real estate broker or a real estate instructor license. There are many possibilities in front of you. With that in mind, stay informed, push yourself to learn new skills and always strive to do the best you can!
|Posted by Park Place Realty Network on March 11, 2019 at 4:45 PM||comments (0)|
Changing a line of work is something people have to do a few times in their lifetime. However, there are some of us who are faced with an opportunity that requires further investment. That investment can come on the form of money, energy, time or all of them at once. In to save as much of them as possible, it is important to know what you need to do in order to reach your goals. In the case that you feel like you can leave your mark in the real estate industry, you need to start from somewhere. Depending on your preferences, you may start by investing money in building new housing units. Alternatively, you may decide to become a North Carolina real estate agent. Knowing what requirements you need to meet in order to become one is the most important thing to find out.
We are not going to bother you with the state of the housing market. Also, we are not going to get involved with the banking aspect of the real estate business. We are here to help you find out what you need to do in order to become a North Carolina real estate agent. Therefore, let's cut to the chase before moving to NC for a job, and get down to business.
Making moving very easy:
Basic requirements that you need to meet
The main, basic, requirements to become a North Carolina real estate agent include:
• You need to be 18 years old at least.
• While you do not have to be a resident of North Carolina, you must be eligible to work in the USA. Therefore, you need to be a US citizen, a non-citizen national or a qualified alien under federal law.
• You need to have completed the prelicensing course in a live classroom.
• Pass the NC licensing exam with a score of over 75%.
• Upon receiving your license, you will be required to complete 90 hours of post-licensing education. This part is state-mandated, so make sure to take it into account.
If you are interested to find out more about the licensing process, you should check North Carolina Real Estate Commission's website. This is the government agency that organizes the licensing process. Also, their website is the most reliable source of information on the requirements to become a North Carolina real estate agent. If you are serious about going into this business, you should monitor their webpage. Given the fact that the requirements may change, you will want to make sure that you are up to date at all times.
The prelicensing course
The choice of the institution which you are going to complete the prelicensing course in can be instrumental in your success or failure in this business. Therefore, it is important to choose the right school for yourself. When making your selection, you need to pay attention to the school's credibility and curriculum. Try looking up the online reviews that previous students might have left. Furthermore, find out the names of the professors that give the lectures. You will want to attend classes with the professors that are the most knowledgeable in the field.
The prelicensing course will teach you various subjects related to the real estate industry. Some of them are:
• The real estate business in general
• License law and qualification for obtaining a license
• Commission rules
• Activities and procedures of real estate brokerage
• Ownership restrictions
• Residential mortgages
• Types of mortgages and sources of financing
• The real estate market and analysis
Taking the licensing test to become a real estate agent in North Carolina
Passing the North Carolina licensing exam can be pretty difficult. However, you will have enough time on your hands to complete the course and take the test. As a matter of fact, from the enrolment day, you will have three years to get the course done and receive the passing grade. So, even though obtaining knowledge in order to become a real estate agent in North Carolina can be somewhat tricky, making good choices will ensure that you do it easily. Therefore, choose the best school for you in order to get into the business quickly and successfully.
Choose the school that is going to provide you with the best education in order to be successful in the real estate business[/caption]
Alt tag: You need to enroll in a quality school in order to become a real estate agent in North Carolina
In the case that you do well on your test and score a high mark, Park Place Realty Network could turn out to be your first employer in this industry.
Other characteristics that you should bear in mind
Now that we have helped you find out what you need to do in terms of formal education in order to become a real estate agent in North Carolina, let's take a look at other requirements that you should meet in order to succeed in this field. These aspects have more to do with your personality and less with formal education.
Is a career in sales really for you?
The first and most important question that you need to ask yourself when making a decision such as this one is whether you can really imagine yourself in this business, helping families choose homes in North Carolina. Making a living in sales is often very stressful. Obviously, the real estate business is the high-risk-high-reward type of industry. However, the inability to sell can take its toll on your health or on your family as well. Therefore, before you embark on this journey, think about whether it is really the one for you or not.
Can you manage yourself?
Being your own boss seems like a dream come true. However, it may not be so in the case that you are one of the people who are more into lounging than hustling. Working for a company means that, even if you take a moment to recharge, you will still get your paycheck in due time. When you are working for yourself, you need to hustle every day all the time. Otherwise, business opportunities are going to slip away. Therefore, be sincere with yourself and make an honest decision about what you should do.
The real estate industry offers great opportunities to make a career for yourself. However, it is important to make an honest decision on whether this is the industry for you. Once you have decided to commit to it, enroll the necessary school in order to become a North Carolina real estate agent. Afterward, it is all up to you.
|Posted by flparkplacerealty on April 3, 2018 at 3:30 PM||comments (1)|
You can make money in numerous ways by having a Real Estate license. We list several ways to make money in Real Estate below.
A real estate license is always a good thing to have even if you do not use it much. Like working with a real estate referral company in which is what we do here at Park Place. Even if you work in another industry but happen to have a real estate license, you can refer anyone that you know who is looking to buy or sell any type of real estate, anywhere in the world. We will match them with a top agent who will handle everything for you, and since you have a license you can legally earn a portion of the commission (22.5% of the commission to be exact) as a referral fee.
But what if you want to sell real estate full-time? Here are a few avenues in real estate that you can sell by having your real estate license.
Residential Real Estate:
The majority of real estate agents are in the residential real estate sales market. There is a lot of competition, but there is also a lot of homes that need to be purchased and sold, 62.9% of all Americans currently. The average real estate commission that you will make selling a home is 3% of the total purchase price of a home on the buy, or the sell side of the commission. A $500,000 home will net your company $15,000, but keep in mind the company that your license is held under will often take their cut off the top of this commission. Residential real estate is a good avenue as everyone, regardless of your marketing skills, has a friend or family member looking to buy or sell a home. If your friends & family like & respect you, then they will use you to buy or sell a home.
Commercial Real Estate:
Commercial real estate can vary widely as there are multiple avenues that you can go into like selling offices, retail, industrial, multifamily or hotel’s. There are the main categories that commercial can fall under. Commissions in commercial real estate vary from 3-10% of the total purchase price. Commercial real estate still has an old feel in many markets, if you can bring a young vibe in the market with new ideas on technology, you might find a great niche with commercial real estate.
In the U.S., there are currently around 27 Million business owners. As a real estate agent you have the opportunity to sell these business like you would a house. You would go in and assess the value of the business and then market and facilitate the sale with a potential buyer. Typical sales are around 10 Million dollars or less as anything above that cost, the business will typically employ firms that specialize in mergers & acquisitions. Business brokerage is a great niche to get into in real estate that typically sees low competition of other agents. If you understand the concept of how businesses are ran and are good at marketing yourself, this could be a great field for you to get into.
Agents like the idea of property managing as there is a great benefit to receiving residual income, which is not normal in real estate. Property managers typically earn the first month’s rent and then 8-12% of each month’s rent on a steady basis. Property managers have to market the property to find a tenant, manage the accounts of each property, and participate in the litigation with the tenants and contractors who maintain the property. This field could qualify for residential or commercial real estate.
We hope we gave you some ideas on how getting your real estate license could benefit you. See our blog here on getting your license. As we mentioned above, if you are not interested in working real estate full-time, it is always good to have your license. Most people run into several friends and family throughout the year who are looking to buy/sell or rent out some type of real estate throughout the year. If you have your license with us, you are able to make a portion of the commission by just referring them out to someone that does sell full-time, anywhere in the world. Go to our website www.ParkPlaceNetwork.com to get more details.
|Posted by flparkplacerealty on March 17, 2018 at 3:20 PM||comments (0)|
You can earn a portion of the Real Estate commission off transactions worldwide, not just your local market with a referral company. See below:
If you currently have a Florida Real Estate license, and you are actively trying to list homes and drive Buyers around town to find them homes, you should not put your Real Estate license under a Real Estate Referral Company. It makes complete sense for you to join the Board of Realtors and Multiple Listing Service (approx $1500 annually) and take advantage of all that they have to offer. In this scenario, you are basically a full-time Realtor and you can make great money in Real Estate as long as you are able to produce business for yourself.
If you are currently one of the 80,000 Real Estate licensees in Florida whose license is on Inactive status, you might want to explore the option of a Real Estate Referral Company. A Real Estate Referral Company is meant for people who have a Florida Real Estate license but might currently be working another full-time job, they're retired, or they just don't have the time to sell Real Estate full time. If you happen to come across someone looking to buy or sell Real Estate, your Real Estate Referral Company is able to match up your prospect with the right Broker. The Broker who receives this referral will pay the Real Estate Referral Company a 25% referral fee of the gross commission on either the buy or the sell side after closing.
Now really start to think about this... If you decided to go the route of a full time Realtor, not only do you have to pay the Board of Realtors and the MLS to be a member, but you also have to pay your Broker a big chunk of your commission (average is 40%). Meaning you are making 60% of the total gross commission. Add on top of that, the amount of time and frustration it took for you to close the transaction. The gas money, car expenses and any other expenses that a Realtor incurs during the process of closing a transaction just to make a small cut of the commission. Meanwhile a Real Estate Referral Company makes 25% of the gross commission for doing nothing but referring their prospect to a full-time Realtor. That Real Estate Referral Company then decides how much of that 25% will go back to their Agent. At Park Place Realty Network, we give back 90% of that 25% referral fee. Other companies give back quite a bit less so be sure to shop around for the company that will benefit you the most.
A real estate referral company is a great option to those who have a Florida Real Estate license but are not able to sell full-time. Take a look at our website www.ParkPlaceNetwork.com to see the benefits we can provide for you. We are currently the fastest growing referral company in Florida. By looking at our aggressive program, you can see why.
Written by: Jeremy Weinberg
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|Posted by flparkplacerealty on February 7, 2018 at 4:35 PM||comments (6)|
Right now you are probably wondering what you should do with the Florida real estate license that you worked so hard to get. Don’t worry, you are not alone as there are currently around 80,000 people who have a Florida real estate license that is on Inactive status and another 23,000 who are on Involuntary Inactive status and will go Null and Void over the next 2 years.
The reason why there are so many people with this status is that when they got their license, the real estate school they went to never really explained to them about the Board of Realtors. They had no clue that in order to be a full-time agent you had to pay an organization hundreds of dollars each and every year in order to sell real estate. In order to be successful in selling real estate full-time, you would have to join the Board and the MLS as they have regulated our business to where there is no way around it.
Most of these agents who are on Inactive status currently have other obligations besides selling real estate full-time. The best option for these agents is to place their license with a real estate referral company. These types of companies are not associated with the Board of Realtors or the MLS. You will have no Board or MLS fees if you are Active with this type of company. Instead of selling though, you would refer any of your prospects out to someone who does sell full-time as a Realtor. This Realtor would then pay a “referral fee” typically 25% of the total gross commission to your brokerage who would then pay you your cut of the commission. Referrals are not bound to just one state but to all states throughout the U.S. which means if you have a Florida license, you could refer a prospect to a brokerage in California and collect the “referral fee”.
If this is your situation, then you should hang your Florida Real Estate license with us. Take a look at our website www.ParkPlaceNetwork.com to see the benefits we can provide for you as we pay top dollar to our agents. We are currently the fastest growing referral company in Florida. By looking at our aggressive program, you can see why.
Written by: Jeremy Weinberg
|Posted by flparkplacerealty on January 22, 2018 at 4:10 PM||comments (9)|
Being inactive does not mean you are not up to date with your bi-annual education or that you are late paying the State of Florida their bi-annual fee. Having an inactive real estate license in Florida just means that you are not active under a Florida real estate Broker. There are currently around 80,000 people who have a Florida real estate license that is on inactive status. The downside of staying inactive is that you still have to pay the State of Florida their fee every 2 years and complete your 14 hrs of continuing education. You are not legally able to collect any type of real estate commission.
The average person stays on inactive status for 12 years before they finally decide to let their license go that they worked so hard for initially. Most inactive agents have other full-time jobs and want to do a few transactions a year. I completely understand why there are so many people with an inactive real estate license in Florida. They feel there is no option except being forced to join a local real estate Broker and paying the Board of Realtors and the MLS such high fees (approx $1500 annually).
The Board has regulated our industry so much that there is no way around joining the Board or the MLS if you want to work with buyers and sellers. With technology now, the Board and the MLS are able to put a stop to non-members. Electronic keys and electronic lock boxes on homes make it so each Realtor is assigned an electronic key to get into homes that only Realtors have access. Mostly all of the listings in the MLS have a section that says they pay non-Realtors 0% to maybe a 1% commission, they will require your MLS code at closing to confirm. Also each MLS system is tracked by your IP address, if the MLS sees additional users, they will find out why.
If you have an inactive real estate license in Florida, there are options for you besides staying on inactive status. An option that you do have besides staying inactive or joining the Board of Realtors is joining a real estate referral company. This type of company is not a part of the Board of Realtors or the MLS which means they are not able to regulate on how the referral company does business. A real estate referral company is a place where people who have a real estate license can hang their license and can still collect real estate commission by referring prospects all over the World.
Agents in a real estate referral company are not selling but instead referring real estate to an Agent who does sell full-time as a Realtor. Real estate Brokers, throughout the U.S., typically pay a 25% “referral fee” for a referral from a real estate referral company. At Park Place Realty Network, we give back 90% of that 25% referral fee. Other companies give back quite a bit less so be sure so shop around for the company that will benefit you the most.
A real estate referral company is a great option for those who have a Florida Real Estate license but are not able to sell full-time. Take a look at our website www.ParkPlaceNetwork.com to see the benefits we can provide for you. We are currently the fastest growing referral company in Florida. By looking at our aggressive program, you can see why.
Written by: Jeremy Weinberg
|Posted by flparkplacerealty on September 30, 2016 at 4:50 PM||comments (1)|
Below are the steps on how you can get into the real estate business by getting a real estate license.
1. Contact a real estate school in your state.
A real estate school in your state will have all of the information on how to get started in the real estate business in your state. Typically the agent at the school can provide you with better information than someone who works for the state.
2. Pick a real estate school.
When it comes to a real estate school, in today’s market you have two options. Either an in class setting or online. This is strictly personal preference. Pick the one though to where you will retain the information the best. Passing the class the easiest is not always your best bet. Once you pass the school exam, you will then need to take and pass the state exam.
3. Fill out your application with the state.
Most all states will have an application and a fee that you will need to submit. Once you submit the application it can take the state sometimes weeks for approval. It is probably smart to submit the application when or even before you start your real estate school above on #2. Once the state approves your application, you are then eligible to take the state exam.
4. Schedule yourself for the state exam.
Once you pass your school exam and are eligible to take the state exam, you can schedule yourself to take the state exam. Schedule yourself for the exam and make sure that you are prepared as it can be difficult. Most states require a 100 question state exam. You can review some practice state exam questions for free here.
TIP: If you happen to fail the exam, some states let you pay a small fee to review the questions that you missed. Reschedule to take the exam as quickly as possible after reviewing the questions that you missed.
Real Estate is a great business to be in, even if you work in an entirely different industry. Our company, Park Place Realty Network is a great place to hang your license if you are focused in a different industry.
You can place your real estate license with us. Whenever you know of someone looking to buy or sell any type of real estate, anywhere in the world, we can refer it over to a top agent who will handle everything for you. Since you now have a real estate license, you will make 22.5% of the total gross commission (gross commission is typically 3% of the total purchase price) as a referral fee. Go to our website www.ParkPlaceNetwork.com to get all of the details.