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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.

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.

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.

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.

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.

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.

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!

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

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.

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