If you currently have a North Carolina Real Estate license and you are actively trying to sell real estate in North Carolina (whether it's residential, commercial, industrial etc…, then a real estate referral company is not the right option for you. Your best option is to join the Board of Realtors and the MLS and work full-time with a local brokerage in your area. Then you will be a Realtor who is selling real estate full-time.
Now, if you are like the rest of us, who are licensed agents but not actively selling real estate because we're just too busy or retired or working in another industry, then a real estate referral company might be the best option for you.
A real estate referral company is somewhere that you can place your North Carolina real estate license and have it now be on Active status. In a real estate referral company you are basically referring out all of your prospects to an agent who does sell full-time as a Realtor. The Realtor will handle the entire transaction and will then pay the referral company, on average, 25% of the total gross commission as a “referral fee”. Your broker will then pay you your split of the 25% referral fee.
If you are interested in a real estate referral company in North Carolina. Take a look at Park Place Realty Network, www.ParkPlaceNetwork.com. They pay their agents top dollar at 90% of the 25% referral fee. You are able to make double the referral fee when referring new construction buyers. You are also able to refer your prospects outside of North Carolina, to brokers all over the world, and still earn the referral fee. You can also live anywhere in the world and your North Carolina real estate license would still be Active with them.
Written by: Jeremy Weinberg