Park Place Realty Network
The Leading Real Estate Referral & License Holding Company
FAQ's
Q: Why become a Network Associate?
Q: How exactly do I earn a referral fee?
Q: Will I really get my own Park Place website page?
A: Yes, we will build you your own website page in which you can use to promote your referral business online. This website is built to help you capture leads. You can see an example of what your webpage would look like here. This website is free to new Park Place agents.
*You will also get your own builder search website too. See an example here.
Q: Bottom line, what is my out of pocket expense to be active in your company?
Q: Does Park Place have an errors & omissions insurance policy?
A: Yes, Park Place holds a company errors & omissions policy in-case of any negligence.
Q: Which states can I have a real estate license in and be active with your company?
A: We currently can activate your real estate license if you are licensed in either Florida, Georgia or North Carolina. Keep in mind, you can live anywhere in the world and refer all over the world, you just need to be licensed in one of these states. If your license is in another state besides these three, you can easily get a Georgia license through reciprocity by filling out an application and then placing that license with us. Get more details on this here.
Q: What type of real estate am I able to refer out and collect a referral fee?
A: You can refer out and earn a referral fee on residential, commercial, business brokerage, industrial, new construction & property managing real estate. The only type of real estate to where it is difficult to receive a referral fee is on residential rentals. Get all the details here.
Q: Can the annual administration fee be used as a tax write-off?
A: In many cases, the annual administration fee and any home office or mileage expenses can be used as a tax write-off. In some cases, the cost of your administration fee will be off-set by the savings you'll receive from your tax return. Consult with your CPA if you have any questions or concerns.
Q: How do I know if your company is legitimate?
Q: If I'm the one buying or selling, can I still earn a referral fee?
Q: If I am coming to Park Place Realty Network from full-time status, can I maintain my membership in the local Board of Realtors and/or multiple listing services?
Q: How do I know that you are referring my prospect to the right agent?
A: Park Place specializes in real estate referrals. We have several ways we go about finding the top agent in each market. From recent sales data on over 1 million active real estate agents to established relationships with relocation directors who work for the largest real estate companies in the industry. Our main job is to make sure our referrals are working with the best agents in the business.
Q: Can I choose the agent who will receive my referral leads?
Q: Can I send my real estate referrals out Internationally, really?
A: Yes, we have the resources to find and refer out your referrals to top brokers all over the world. Referrals do vary however from country to country as real estate laws are different in each country. Park Place is not involved in the real estate transaction whatsoever, we are strictly referring to another real estate company for a referral fee.
Q: Are you able to convert my real estate commission to U.S. currency if it is an International referral?
A: Yes, Park Place will convert the real estate commission to U.S. currency at no cost. Keep in mind that the exchange rate will vary depending on which country the check is coming from. You can get an idea on current exchange rates here. Checks can sometimes take up to 30 days to clear, but usually much sooner.
Q: What is the advantage of keeping my license active?
Q: How can you legally collect a real estate commission outside the state/country you're licensed in?
A: Referral fees are paid between broker to broker and are completely legal. We are referring real estate business to a broker in a state or country that is legally licensed to practice there and we do not interfere with the transaction whatsoever once it is referred out.
Q: Can I continue as a referral associate if I move out of state or even the U.S.?
If you have any additional questions, please fill out the form below:
Referral Fee Estimate
*Based on an average 3% real estate commission. This is an estimate of how much you can make on referring a prospect.
New Home Referral Fee Estimate
*Based on an average 3% real estate commission. Some builders pay as high as 10% commissions. This is an estimate of how much you can make on referring a prospect directly to the builder.
UA-37763839-1