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|Posted by flparkplacerealty on June 13, 2014 at 1:50 PM|
A real estate referral company is a company where agents can hang their real estate license and make a part of the commission (typically ¼ of the total gross commission) by referring their prospects to full time agents. Real estate referral companies are typically not associated with the Board of Realtors or the MLS.
You are probably asking yourself “Why wouldn’t an agent want to work with their prospect directly and make the full commission?” Some reasons would be:
A referral company is a great option for agents who have been sitting inactive or are thinking of letting their license go.
Written by: Jeremy Weinberg