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Inactive Real Estate License Florida what are my options?

Posted by flparkplacerealty on January 22, 2018 at 4:10 PM


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






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22 Comments

Reply mary moynihan
12:28 AM on December 18, 2016 
to whom it may concern: Thanking you in advance for trying to help me out. I recently completed the Bert Rodgers continuing 14 hours course.. And I did pass it. My request is when do I receive the copy of my inactive license? I always had in the past, and I would just like the updated one that has sept 2018 on it. Thank you again for your consideration in this matter. Wishing you all a Merry Christmas and a healthy and happy 2017. Sincerely Mary Moynihan license # SL316202 3925 Edgewater Drive Sebring Fl 33872
Reply Park Place Realty Network
6:13 PM on April 11, 2017 
Hi Mary,

Sorry, we are just now seeing your comment on our blog. You can always print out your license on the dbpr website under your account. You can access their website here http://www.parkplacenetwork.com/license-status I hope this helps.
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Reply Frances Hyberger
4:02 PM on March 12, 2019 
I have an inactive Florida real estate license (SL3030102 which expires 3/2020) and have some referrals I would like to send to agents who are active but I don't want to join a real estate company and pay Florida Board dues and MLS dues. I am interested in your company and doing referrals only. What would I have to do?
Reply Park Place
4:15 PM on March 13, 2019 
Frances Hyberger says...
I have an inactive Florida real estate license (SL3030102 which expires 3/2020) and have some referrals I would like to send to agents who are active but I don't want to join a real estate company and pay Florida Board dues and MLS dues. I am interested in your company and doing referrals only. What would I have to do?


Thank you for your interest. You can sign up at www.parkplacenetwork.com. Place your license with us and we can send your referrals out for you. You would pay nothing to the board or the mls.
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Reply Greg Olkhovsky
2:36 PM on September 7, 2019 
Hey Frances, I live in Tarpon Springs and my brokerage is Suncoast Group Realtors in Holiday Florida. We serve Pasco, Pinellas, and Hillsborough Counties. My license # is #SL3400480. Anyway, my brokerage treats everyone is family since we are family owned and operated. If your referrals are anywhere in these areas I do have an active license and we'd be happy to pay you a referral fee. Feel free to reply here or email me at realtorgrego@gmail.com. Take care!

Frances Hyberger says...
I have an inactive Florida real estate license (SL3030102 which expires 3/2020) and have some referrals I would like to send to agents who are active but I don't want to join a real estate company and pay Florida Board dues and MLS dues. I am interested in your company and doing referrals only. What would I have to do?
Reply Tobi Harrison
9:22 AM on December 18, 2019 
Hello! I am an active agent in Indiana. I service the Indianapolis and surrounding areas. I would love it if you would send any referrals to me for this area! I work 100% to get the best deal for my clients. A referral fee will be paid! Have a wonderful day!
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