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Depending on which state you are licensed in there are many different ways. The first step though is to find a real estate company to place your license with. Talk with the broker/manager of the company and they will then let you know the process. States like Florida are simply done online. A broker will login to their online system, input your license number and simply click add to add you to their company. You would then be active instantaneously. Some states require an application that would need to be done via fax and it can take several weeks. Talk with your broker of choice and they can let you know the exact steps. If you need a place to hang your real estate license. Take a look at www.ParkPlaceNetwork.com.

The standard referral fee is typically 25% of the total gross commission on either the buy or the sell side of the real estate commission. This could vary however from the quality of the referral or lead. A 25% referral fee is standard for a typical internet lead but the closing ratio on an internet lead might only be 10%. Whereas a referral from a real estate referral company might charge a referral fee that is 25-40%, but the quality of the lead is usually much better with a 50%+ closing ratio. Leads from a real estate referral company are typically friends and family of the referral agent who is an active real estate licensee with a higher closing ratio.

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: Mark Hopper

1. Lower the price of the house to the appraised value You can always sell the home without negotiating with anyone. This is the quickest way to get through a low appraisal, but you could be leaving money on the table. 2. The buyer could make up the difference Sometimes the buyer will have enough cash on hand to make up the difference between the appraised value and the selling price. If the buyer is confident that the value is there, they can add cash to the down payment and the lender can make it work. 3. Meet in the middle If both parties want the sale to go through, you could agree to split the difference of the appraised value and the contract price. 4. Challenge the appraisal This can be difficult, but can be done. Only the appraiser’s client “the lender” can demand a review of the appraisal, and only the buyer is able to request the review or order a second appraisal. 5. Putting the house back on the market If the buyer won’t put more money down or is not willing to split the difference in price, you can take your chances by putting the home back on the market. If the appraisal was an FHA appraisal it will stick to the property for 120 days, after that it expires. In this case you would hope for a new offer to be either cash or a conventional loan.