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- Inactive Real Estate License Florida what are my options?
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 over 90,000 agents 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 bi-annual fee every 2 years, and complete 14 hors of continuing education. You are not legally able to collect any type of real estate commission if you are not active under a real estate company. The average person stays on inactive status for 12 years before they finally decide to let their license go. They are not wanting to sell real estate full-time as a Realtor and have to pay annual fees of $1,500+ a year to be a Realtor/MLS member. Most agents that are on inactive status work in another industry, live outside the state or country, or are retired. They would like to sell real estate if possible, but the high annual costs make it difficult. The Board has regulated our industry so much that there is no way around not 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% commissions, 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. You can get more details on this here. If you are producing over $500,000 in sales or more each year, then the Realtor associations provide a lot and it might be worth it, if not, it is questionable on putting in the time and money to be a member. 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 by 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 and cannot require you to pay their annual fees. 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 through referral fees. 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 world, typically pay a “referral fee” for a referral from a real estate referral company. At Park Place Realty Network, our agents make 22.5% of the total commission as the referral fee. 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 offer you.
- Steps to getting into real estate
Below are the steps on how you can get into the real estate business by getting a real estate license. 1. Contact a real estate school in your state. A real estate school in your state will have all of the information on how to get started in the real estate business in your state. Typically the agent at the school can provide you with better information than someone who works for the state. 2. Pick a real estate school. When it comes to a real estate school, in today’s market you have two options. Either an in class setting or online. This is strictly personal preference. Pick the one though to where you will retain the information the best. Passing the class the easiest is not always your best bet. Once you pass the school exam, you will then need to take and pass the state exam. 3. Fill out your application with the state. Most all states will have an application and a fee that you will need to submit. Once you submit the application it can take the state sometimes weeks for approval. It is probably smart to submit the application when or even before you start your real estate school above on #2. Once the state approves your application, you are then eligible to take the state exam. 4. Schedule yourself for the state exam. Once you pass your school exam and are eligible to take the state exam, you can schedule yourself to take the state exam. Schedule yourself for the exam and make sure that you are prepared as it can be difficult. Most states require a 100 question state exam. You can review some practice state exam questions for free here. TIP: If you happen to fail the exam, some states let you pay a small fee to review the questions that you missed. Reschedule to take the exam as quickly as possible after reviewing the questions that you missed. Real Estate is a great business to be in, even if you work in an entirely different industry. Our company, Park Place Realty Network is a great place to hang your license if you are focused in a different industry. You can place your real estate license with us. Whenever you know of someone looking to buy or sell any type of real estate, anywhere in the world, we can refer it over to a top agent who will handle everything for you. Since you now have a real estate license, you will make 22.5% of the total gross commission (gross commission is typically 3% of the total purchase price) as a referral fee. Go to our website www.ParkPlaceNetwork.com to get all of the details.
- Different Types of Real Estate Referral Companies
There are several different types of real estate referral companies. Learn the different types as it can get confusing in today’s real estate market. Lead Generating Referral Company This is the type of Real Estate Company that you receive a lot of calls and emails from trying to sell you on their service. They are a lead generating business. This type of Referral Company does not typically have active real estate agents. Usually they will have one broker that way it is labeled as a Real Estate Company. You will typically have an upfront cost in order to receive leads from this type of Referral Company. The leads that you get from a lead generating Referral Company are usually internet leads. Their main focus is producing real estate leads through the internet and then selling them back to you. You might also have to pay a percentage of your commission once the transaction closes like you would with a standard Referral Company. Leads from the internet usually have around a 12% closing ratio. Local Broker Real Estate Referral Company This type of Real Estate Referral Company is what a real estate referral company is originally about. Most full-time Realtor companies like to have a secondary company which is a Real Estate Referral Company. They use this secondary company as a place for their agents in their Realtor Company to place their license in case they do not want to sell full-time and avoid having to pay the Realtor/MLS dues. This company is usually not a member of the local Board of Realtor/MLS that way their agents are not required to pay the dues. When an agent places their license in this type of Real Estate Referral Company, they will now have an active real estate license. When they have a friend or a family member who is looking to buy or sell, they can then refer it back to their brokers full-time Realtor Company, one of the Realtors will handle everything and then pay back the agent a referral fee through the secondary company. A broker in this type of company typically focuses on local real estate. There is usually no upfront cost except for a low annual administration fee. Leads from friends & family usually have around a 70% closing ratio. International Real Estate Referral Company What we do at Park Place is different from the local Real Estate Referral Company above. You will also not have to pay for a Realtor/MLS membership as we are not members. Our main focus is on our referral business and referrals all over the world, not just in a local market. Referrals can be placed worldwide legally as the person in that area that we are referring to is handling the actual sale, not Park Place. We have over 500+ agents who are active with us and live as far away as Japan. When our agents know of anyone who is looking to buy or sell any type of real estate, anywhere in the world, we do the research and refer it out to a top agent in that market who will handle the entire transaction. We have their company in a contract to pay out a referral fee. Our agents will basically make 22.5% of the total commission as a referral fee once it closes. Our main focus is 100% referrals, all over the world. Go to our website www.ParkPlaceNetwork.com to get more information on how Park Place can help you expand your real estate business internationally.
- New York Real Estate-Get Back a Rebate
Work with a Top Agent for your New York Real Estate rebate Transaction and Receive Back 15% of the Real Estate Commission. If you are looking to buy or sell real estate in New York, make sure that you are working with a top agent who knows what they are doing. In the state of New York, there are over 200,000 people who have a real estate license. Everybody knows somebody who sells real estate and everyone wants to tell you to work with this and that person. But is that agent a good agent to work with? You have a lot on the line, and there’s many questions that need to be asked before working with any Joe Schmoe referred by someone. Is this agent the one who is going to find you a good deal? Does this agent have the marketing capability to market your property to every potential buyer possible, worldwide? Do they know the zoning restrictions in your area and or have connections with the county for re-zoning? Do they know about that special property that is coming on the market that only an inside agent will know? Is this agent knowledgeable at negotiating when they come across a top agent that does? These are just a few questions that you need to ask before working with any agent. Only a very small number of agents succeed at selling real estate (less than 10% of all agents), you need to make sure that you are in the right hands before venturing off in your real estate transaction. Park Place is an industry leader in connecting people with the right real estate agents. We’ve handled thousands of transactions in connecting people with top real estate agents worldwide. We have over 500+ active real estate agents who work under Park Place Realty Network who live all over the world. We have a database of hundreds of thousands of agents and are able to tell how many sales each agent has sold and the price range of their transactions. NUMBERS DON’T LIE!! When we find an agent that fits your needs, we personally contact them and ask all of the right questions to make sure they fit what you are looking for. If so, we then get them in a contract to rebate 15% of their commission back to you at closing. They are willing to provide this rebate as we can then send them future referrals. Whether you are looking to buy or sell residential, commercial, land, industrial, business brokerage real estate, we are able to connect you with the right top agent who can help in your New York real estate transaction. Not only will you be in good hands, you will also receive back 15% of the agent’s real estate commission at closing by going through Park Place, saving you thousands. To get started, go to our www.TopAgentRebate.com and fill out the form to take advantage of this program which can only be found on this blog.
- California Real Estate-Get a Rebate Back
Work with a Top Agent for your California Real Estate rebate Transaction and Receive Back 15% of the Real Estate Commission. If you are looking to buy or sell real estate in California, make sure that you are working with a top agent who has been around and knows what they are doing. In California there are over 300,000 people who have a real estate license. Everybody knows someone who sells real estate and everyone wants to tell you to work with this and that person. But is that agent actually good? You have a lot on the line, and there’s many questions that need to be asked before working with any Joe Schmoe referred by someone you know. Is this agent the one who is going to find you a good deal? Does this agent have the marketing capability to market your property to every potential buyer possible, worldwide? Do they know about that special property that is coming on the market that only an inside agent will know? Is this agent knowledgeable at negotiating when they come across a top agent that does? These are just a few questions that you need to ask before working with an agent. Only a very small number of agents succeed at selling real estate (less than 10% of all agents), you need to make sure that you are in the right hands before venturing off in your real estate transaction. Park Place is an industry leader in connecting people with the right real estate agents. We’ve handled thousands of transactions in connecting people with top real estate agents worldwide and we have over 1,000+ active real estate agents who work under Park Place Realty Network who live all over the world. We have a database of hundreds of thousands of agents and we are able to tell how many sales each agent has sold and the price range of their transactions. NUMBERS DON’T LIE!! When we find an agent that fits your needs, we personally contact them and ask all of the right questions to make sure they fit what you are looking for. If so, we then get them in a contract to rebate 15% of their commission back to you at closing. They are willing to provide this rebate to you as we can then send this agent future referrals. Whether you are looking to buy or sell residential, commercial, land, industrial, business brokerage real estate, we are able to connect you with the right top agent who can help. Not only will you be in good hands, you will also receive back 15% of the agent’s real estate commission at closing by going through Park Place, saving you thousands. To get started, go to www.TopAgentRebate.com and fill out the form to take advantage of this program.
- Florida Real Estate License Search Instructions
Find out how to use the dbpr’s Florida real estate license search page here. We'll also show you how to get around the dbpr’s puzzle of a phone system when calling so you can speak with someone quickly. The license search on the dbpr’s website can get confusing at times. Below is the instructions on how to use their website to search for real estate licenses. You can get into the dbpr’s website here. Once on the main page, click on verify a license, this will take you into the Florida real estate license search page. Search by name tab: This section can get pretty detailed. At minimum you need to add in a last name, first name or the organization name. The additional search criteria area below, you can get even more detailed. Under this section, always check off real estate under the license category, if not it will pull up every licensee who has a license with the dbpr which is multiple industries. If you are looking for a real estate company, you can type in the company name under organization/establishment name. Make sure you check off the box below that says “search names beginning with exactly what you typed”, if not it will pull up anything with the words you added versus the exact company you are looking for as there are thousands. Search by license number tab: If you already have the license number that you are looking for, simply type it under license number. Make sure you check off real estate under the license category. You can add in the license abbreviation SL, BK or BL if you’d like or not, it will accept both. If you have the license number to the real estate company, this can also be added in this section to pull it up. By having the exact license number is the quickest way to pull up a license. There are over 300,000 FL real estate licenses and many with the same name and area. Search by city or county tab: You’ll hardly use this section, the top 2 tab’s are used mostly. The only box that needs to be check off is the license type and pick real estate under license category. If you are looking for sales agents in Orlando, FL. Under license type click on real estate broker or sales. Under City, type in Orlando. Under special qualifications click on real estate sales associate. Click search and all will pull up. Search by license type tab: This section is basically the same as above, simply follow the same instructions. Calling the DBPR fast without going through their whole phone system: Calling the dbpr can be a pain as they have a massive telephone prompt system and it’s like putting a puzzle together just to speak with someone. To solve the puzzle, call 850-487-1395, when they ask for you to select a number click 1, 1, 1, 0 & 1. Make sure you don’t just dial all the numbers at once, you have to wait a second, once they ask another question on what you’d like to do then type in the next number. Bookmark this page to your computer so you can remember this number combination in the future. We hope this information was informative for you. If you have a Florida real estate license and you need somewhere to place it and avoid Realtor/MLS fees, you can place it with us. Go to our website www.ParkPlaceNetwork.com to see why we are the top real estate referral company.
- Best Practices for Relocating as a Real Estate Agent - Florida Edition
Relocating as a real estate agent in Florida can be an exciting career move that opens up a world of opportunities. The state’s diverse market, beautiful landscapes, and favorable climate make it an attractive destination for both buyers and agents. But before starting this new career chapter, it's important to be well-prepared. This guide will provide valuable insights and practical tips to make your transition as smooth as possible. From understanding the local real estate dynamics to navigating the logistics of your move, we've got you covered! Florida: A Lucrative Opportunity for Agents Florida's population consistently grows, ranking it the third most populous state in the US, with over 21 million residents. This steady influx of people, including retirees and newcomers, fuels a constant demand for housing. With no state income tax, this place attracts individuals seeking a tax-friendly haven, further bolstering real estate demand. The state’s varied geography offers various housing styles, from coastal condos to suburban homes, catering to diverse preferences. At the same time, it has been a top contender for job growth in recent years, fostering a robust economy that lures professionals and businesses alike. Therefore, becoming a Florida real estate agent is a smart and strategic career move. Navigating Real Estate Licensing Process When relocating as a real estate agent to Florida, understanding the state's licensing requirements is key. Here's what you need to know: · License Application: Begin by submitting your real estate license application to the Florida Department of Business and Professional Regulation (DBPR). Ensure all necessary documents are included. · Pre-License Education: The state mandates a 63-hour pre-license course. Enroll in a reputable school, take an online course, and pass the final exam. · State Exam: Schedule and pass the real estate license exam. Prepare thoroughly with practice tests and study materials. · Background Check: Expect a background check as part of the licensing process. Ensure your record is clean. · Post-License Education: Complete a 45-hour post-license course within your first renewal cycle after obtaining your license. · Continuing Education: 14 hours of continuing education are required every two years. Stay updated on industry changes. By following these steps, you'll navigate the licensing process efficiently and be well on your way to a successful career in the Sunshine State. Preparing Your Finances for Relocating as a Real Estate Agent to Florida Start by assessing your current financial situation. Calculate your savings, income, and any outstanding debts. As a result, you can determine how much you can allocate to your relocation expenses. Consider the cost of living in your desired Florida location. Research housing prices, utility costs, and taxes. Be prepared for variations across the state. Factor in expenses related to obtaining a license, including application fees and exam costs. Budget for continuing education requirements to maintain your license. Don't forget about the cost of your actual move. Solicit quotes from moving companies and factor in packing supplies, transportation, and storage needs. However, avoid basing your decision on the cheapest offer, which might compromise quality. Instead, do some thorough research. For example, reliable South Miami local movers will have great online reviews and transparent contracts with no hidden fees. By carefully planning your finances, you'll ensure a smoother transition and set yourself up for success in this growing real estate market. Building Your Professional Network Before the Move Before moving, you must build and strengthen your professional network proactively. Connect with local real estate professionals, including fellow agents, brokers, and industry experts. Engage in online forums and social media groups to connect with professionals already established in the Florida market. Cultivate relationships with potential clients and partners who can help you hit the ground running when you arrive. By finding ways to start networking, you'll be better equipped to establish yourself in this competitive scene. Making Your Move First, research diverse regions to find the right fit for your expertise. Understand the market conditions, from luxury beachfront properties to busy urban areas. Then, assess the demand for specific property types. In this process, having the right team by your side is important so your decisions are well-informed. Seek reliable movers or relocation services to streamline your move. These professionals can efficiently handle the intricate packing and unpacking process, ensuring your items are safeguarded during the journey. Time-saving is another significant advantage. Their well-organized approach expedites the loading and unloading process, affording you more time to focus on other aspects of your relocation. Local companies like Plantation-based movers can offer all of that and even more. Their experience and deep knowledge of the area enable them to give valuable insight into the destination. Plus, as a real estate agent moving to Florida, it’s important to think about spreading your business network and having a moving company by your side is always smart. Remember, preparation is your best ally in ensuring a successful move to the Sunshine State. Florida's real estate market awaits your expertise, and with the right approach, you can thrive in this dynamic environment. Networking and Growing Your Real Estate Business Once you've officially made the move, it's time to dive into the local market and grow your business. Leverage your newly established professional network to connect with potential clients, collaborators, and referral sources. Attend local community events, Chamber of Commerce meetings, and neighborhood gatherings to become a recognizable face in your area. Consider hosting open houses and business workshops to build your professional identity and engage with potential clients. Joining local real estate organizations and associations can also provide valuable opportunities for networking and building your business. The state offers ample prospects for growth, and actively participating in the local community can help you tap into its full potential. Conclusion In conclusion, relocating as a real estate agent to Florida is an exciting venture filled with immense potential. This market offers many opportunities thanks to its diverse landscapes and favorable climate. However, preparation is key. From understanding the local real estate landscape to navigating the logistics of your move, you have the tools to make a successful transition. So, take a deep breath, trust in your abilities, and seize the opportunities that await. Your new adventure is just beginning; with the right knowledge and determination, the sky's the limit! BIO: Jack Porter is a content writer and marketing strategist specializing in real estate and interstate moving. With over a decade of experience, he simplifies complex topics, crafts engaging content, and develops tailored strategies for businesses in these industries. Jack is your go-to expert for informative and results-driven content!
- How to get your NC Real Estate License
Here are the steps on how to obtain your NC Real Estate License: Step 1. Successfully complete an approved 79 hour pre-license course. Here is a list of approved schools through the North Carolina Real Estate Commission (NCREC). Step 2. Submit your course completion form and $30 to the NCREC. You will also need to obtain a criminal back ground check from Carolina Investigative Research, Inc. You can go to the NCREC website here and the Carolina Investigative Research website here. Step 3. Register for and pass the NCREC State exam. A fee of $66 for the exam is made payable to PSI exams. Go to the PSI Exam website here. North Carolina is a great state to have your real estate license in. The population in North Carolina continues to increase with many people from all over flocking to move here and purchase real estate. By having your North Carolina real estate license, you can now earn a portion of the real estate commission when they decide to buy or sell real estate in North Carolina. If you work in another industry, or are retired, it is still wise to get your real estate license. You can place that license with us in which you are now active and can collect part of the real estate commission as we are a real estate referral company. When you know of someone looking to buy or sell any type of real estate, not just in North Carolina but anywhere in the world, we can refer it out to a top agent who will handle everything for you and pay you back top dollar as a referral fee. Go to our website www.ParkPlaceNetwork.com to get more details. *The requirements change from time to time with the state, use the links above to double check.
- Park Place Realty Network Real Estate Referral Fees
You can earn real estate referral fees off of real estate transactions throughout the world with Park Place! More than 1/3 of all real estate licensees are on inactive status with the state. Inactive does not mean you are not in good standing with the state with your license, it just means that you are not “active” under a brokerage, meaning you are not legally able to collect real estate commission. Park Place is not your typical full-time/Realtor real estate company to where you work with buyers and sellers locally. We are a real estate referral company. Below are the differences between the two different types of companies: Standard real estate company: A standard real estate company is a company to where you are a member of the Board of Realtors and the MLS. You are required to join the Board of Realtors and the MLS since these companies are members of these associations. You would typically sell properties or work with buyers directly to find properties in your local market. If you are focused on selling full-time in your local market, this is a great way to make money in real estate. Real Estate Referral Company: These types of real estate companies are not members of the board of Realtors or the MLS. Since they are not members, their agents are not required to be members. Agents in this company place their license under the company and then refer their referrals to agents who are full-time as Realtors and will pay them back a referral fee. There are many real estate referral companies out there, but they are typically a secondary company to the standard real estate company and only focus on their local real estate business. Standard real estate companies like to have a secondary real estate referral company for agents who leave their company from not being able to pay their association dues or are not selling enough. By having the secondary real estate referral company, they can now place their agent’s license in this company until they are ready to go full-time again. They can also collect all of their referrals locally to send back to their full-time company and give it to a full-time agent. What makes Park Place Realty Network different? Park Place has a 100% focus on real estate referrals. We don’t focus on just a local market, but the entire world as referrals can be placed anywhere, residential or commercial. Real Estate brokers are legally able to pay us for our referrals all over the world. We have agents who keep their real estate license active with us who live all over the world. They are also able to place their referrals to full-time agents worldwide. If you have a real estate license and you are not currently using it. Go to our website www.ParkPlaceNetwork.com and see how Park Place could possibly put extra money in your pocket.
- How long does it take to become a Realtor?
Someone who has a real estate license can become a Realtor within just a few days. All you have to do is pay the Board of Realtors their fees and take an orientation class which is just a few hours long. Once you complete all of this you are now a Realtor!! You can now work with buyers & sellers and call yourself a Realtor with your own name badge that clearly states you are a REALTOR! But, you are probably confused with the term Realtor & Real Estate Agent or Salesperson. Don’t worry, most people are confused as they think getting a license means you are getting a Realtor license. The term Realtor is strictly & copyrighted for people who have a Real Estate License and are members of the Board of Realtors. The Board of Realtors an association which offers many benefits including political benefits to back the Real Estate Agent in their business. The membership with the Board of Realtors is usually several hundred dollars a year in which you are typically a member of the National, State and your local Board of Realtors. Most Realtor members are also part of the Multiple Listing Service which is separate from the Board of Realtors. The MLS is where Realtor members can access all of the properties that are on and off of the market. Again, how long does it take to become a Realtor, I mean Real Estate Agent? I am assuming you are starting from scratch and you do not have your Real Estate license. Most states require a 60+ hour course which can usually be done online or in class. Once you pass the course exam you would then need to take the state exam with your state. Some states also require a National exam. Once all of this has been completed you can now register with your local Realtor association to become a REALTOR! If you would like to keep your license active and avoid Realtor fees, take a look at what we can do for you at www.ParkPlaceNetwork.com. You can be active in real estate and avoid the Realtor fees. Good luck in whatever you do!
- Should I let my Real Estate license lapse or expire?
If you have a real estate license and you are contemplating on if you should keep your license or if you should let it go. My answer to you would be to keep your license forever and never let it go! The reason most people let their license go is they think they have to be full-time in the business and pay the board of Realtors and the MLS hundreds of dollars a year in annual fees. This is the case most of the time and I completely understand letting your license go if you think this is your only option. Most agents do not know about real estate referral companies. Real estate referral companies are the perfect option for those that work in a different industry or are retired etc… and do not use their real estate license. In a real estate referral company you can place your real estate license in this “license holding company” and instead of having to work with your buyers or sellers, you would refer it out to someone that is full-time in the real estate business. This full-time agent will handle everything and pay back your broker of the real estate referral company typically a quarter of the commission as a referral fee. You then would have your split with the broker of the referral company. The average person personally knows 3 to 5 people who are planning to move each and every year according to the National Association of Realtors. The average home in the U.S. right now is over $450,000, a quarter of a 3% commission on a $450,000 property is $3,375, x 3 people a year is an additional $10,125 a year on the low end just to keep your real estate license active. Imagine if you actually made an effort to find more people, friends, family, co-workers etc… Also, a real estate referral company is able to refer your prospects to brokers all over the world and you can still earn a fee, not just the state that you are licensed. I personally think it is wise to keep your license in good standing to earn an additional income in a real estate referral company versus letting the license that you worked so hard to get initially lapse. Who knows, in a few years you might decide that you do want to sell real estate full-time again. Written by: Mark Hooper
- What is the difference from a Realtor and a Real Estate agent?
We have many Real Estate agents who contact us and are confused on what the difference is between a Realtor and a Real Estate agent. Everyone who has a Real Estate license could be considered a Real Estate agent. The term Realtor is only used for Real Estate agents who are members of the National Association of Realtors. This name is trademarked and you cannot use the title unless you are a member.