Q: What do you mean I will get paid up to 365 days after closing?
A: Many of our agents activate their license with us, place a few referrals, and then they decide to leave us to go and sell real estate full-time, and then come back to us at a later date. If you decide to leave our company, we will pay you your earned referral fee up to 365 days after you have left Park Place. The standard in the real estate industry is for real estate companies to keep your hard earned commissions the second you leave their company. It's your referral after all, you deserve to get paid for it.
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 personal referrals. You can see an example of what your webpage would look like here. This website is free to all new Park Place agents.
*You will also get your own builder search website too at no cost, you can it view here. You can link this new home website to the above referral webpage.
A: Yes, Park Place holds a company errors & omissions policy in-case of any negligence.
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 without having to take a test, and then placing that license with us. Get more details on this here.
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.
*Our agents typically refer out their friends and family which are personal contacts. We can also refer out online or International leads, the referral process is just a little different.
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.
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.
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.
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.
If you have any additional questions, please fill out the form below:
Below is an estimate of what our Park Place agents typically make per referral transaction:
Purchase Price | Your Commission |
$160,000 =
|
$1,080 |
$200,000 =
|
$1,350 |
$300,000 =
|
$2,025 |
$400,000 =
|
$2,700 |
$600,000 =
|
$4,050 |
$800,000 =
|
$5,400 |
$1,000,000 =
|
$6,750 |
$1,500,000 =
|
$10,125 |
$3,000,000 =
|
$20,250 |
*Based on an average 3% real estate commission. This is an estimate of how much you can make on referring a prospect.
Purchase Price | Your Commission |
$150,000 =
|
$2,250 |
$200,000 =
|
$3,000 |
$250,000 =
|
$3,750 |
$300,000 =
|
$4,500 |
$400,000 =
|
$6,000 |
$500,000 =
|
$7,500 |
$750,000 =
|
$11,250 |
$1,000,000 =
|
$15,000 |
$1,500,000 =
|
$22,500 |
*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.
We can activate your Real Estate license if you have a license in the states of Florida, Georgia, or North Carolina.