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How is the Florida Real Estate Commission (FREC) made up? FREC was created to protect the public through regulation and education of the Real Estate industry. Four of the members: Must be a licensed Broker who have held an active license in the proceeding five years. One of the members: Must be a licensed Broker or Sales Associate who has held an active license in the prceeding two years. Two of the members: Are not, and have never been an active Sales Associate or Broker. At least one of the members: Must be atleast 60 years of age or older. Members of the commission are appointed to a four year term. You can find the Florida Statutes for FREC here. When does the Florida Real Estate Commission (FREC) meet? FREC meets once a month typically on the 3rd Tuesday and Wednesday of each month. You can find their schedule here. The meetings are held at the Division of Real Estate offices in Orlando, Florida. If you currently have a Florida real estate license and are tired of paying the Board of Realtors and the MLS. Take a look at our website here to see how you can live anywhere in the world and still earn a portion of the real estate commission on transaction all over the world.

The cost to renew your Florida real estate license with the DBPR vary from each renewal period. To pay your annual fee, go to the DBPR website at www.MyFloridaLicense.com. Keep in mind that you must also complete your continuing education in order to be in good standing with FREC. If you are a sales associate and this is your first renewal, the requirement is 45 hours, for Brokers it is a 60 hour course. If you have already completed these courses previously, then the requirement is only 14 hours. You can get a list of approved real estate schools on our website here. If you are inactive or are tired of paying the board of Realtors or the MLS, take a look at our website. You pay nothing to the board or the MLS and can live anywhere in the world and still be active.

You can earn a portion of the Real Estate commission off transactions worldwide, not just your local market with a referral company. See below: If you currently have a Georgia Real Estate license, and you are actively trying to list homes and drive Buyers around town to find them homes, you should not put your Real Estate license under a Real Estate Referral Company. It makes complete sense for you to join the Board of Realtors and Multiple Listing Service (approx. $1500 annually) and take advantage of all that they have to offer. In this scenario, you are basically a full-time Realtor and you can make great money in Real Estate as long as you are able to produce business for yourself. If you are currently one of the 40,000+ Real Estate licensees in Georgia whose license is on Inactive status, you might want to explore the option of a Real Estate Referral Company. A Real Estate Referral Company is meant for people who have a Georgia Real Estate license but might currently be working another full-time job, they're retired, or they just don't have the time to sell Real Estate full time. If you happen to come across someone looking to buy or sell Real Estate, your Real Estate Referral Company is able to match up your prospect with the right Broker. The Broker who receives this referral will pay the Real Estate Referral Company a 25% referral fee of the gross commission on either the buy or the sell side after closing. Now really start to think about this... If you decided to go the route of a full time Realtor, not only do you have to pay the Board of Realtors and the MLS to be a member, but you also have to pay your Broker a big chunk of your commission (average is 40%). Meaning you are making 60% of the total gross commission. Add on top of that, the amount of time and frustration it took for you to close the transaction. The gas money, car expenses and any other expenses that a Realtor incurs during the process of closing a transaction just to make a small cut of the commission. Meanwhile a Real Estate Referral Company makes 25% of the gross commission for doing nothing but referring their prospect to a full-time Realtor. That Real Estate Referral Company then decides how much of that 25% will go back to their Agent. At Park Place Realty Network, we give back 90% of that 25% referral fee. Other companies give back quite a bit less so be sure to shop around for the company that will benefit you the most. A real estate referral company is a great option to those who have a Georgia 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 provide for you. We are currently the fastest growing referral company in Georgia. By looking at our aggressive program, you can see why. Written by: Jeremy Weinberg

A real estate referral company is a company where agents can hang their real estate license and make a part of the commission (typically ¼ of the total gross commission) by referring their prospects to full time agents. Real estate referral companies are typically not associated with the Board of Realtors or the MLS. You are probably asking yourself “Why wouldn’t an agent want to work with their prospect directly and make the full commission?” Some reasons would be: That being active with a referral company means they would not have to pay any dues to the Board of Realtors or the MLS. A referral agent is able to make referral fees off of their prospects all over the world. Whereas, typically, full time agents can only make money off of prospects in their local area. Agents in a real estate referral company might have other obligations besides real estate and may not have the time to focus much on real estate. They have other careers, are retired etc… A referral company is a great option for agents who have been sitting inactive or are thinking of letting their license go. Written by: Jeremy Weinberg

We have many agents who contact our company who want free access to My Florida MLS. The answer to this question is no, there is no possible way to have access to the MLS for free. With technology today, the MLS is on the cutting edge. Every account on the MLS is tracked by your IP number which is unique for every commputer, if the MLS see’s multiple users, they will find out why and send out a fine. The problem is most brokers are active with the Board of Realtors and the MLS, in order to be active, you would also have to be a member of both associations. Now if you are only doing 1 or 2 transaction’s a year you might want to consider placing your license our company. We are not affiliated with the Board of Realtors or the MLS so you will not have those expenses. Anyone that you know of that is looking to buy or sell any type of real estate not just in Florida but anywhere in the U.S. or the world, we would refer it out to an agent that does sell full time. That agent’s brokerage would then pay us a referral fee at minimum 25% ofthe total gross commission, we then pay you back 90% of the 25% referral fee. Take a look at our website www.ParkPlaceNetwork.com to see what Park Place can do for you.

If you want to do a Florida real estate license search, you will need to go to the DBPR website (which stands for the Department of Business and Professional Regulation) at www.MYFloridaLicense.com. The information on your license is obtained from the Division of Real Estate DRE, and the Florida real estate commission FREC. See the steps below for a Florida real estate license look up: Go to the DBPR website at www.MYFloridaLicense.com At the top left of the DBPR website click on verify a license Click on search by name, and then click on search Type in the last name, and the first name, under license category, highlight real estate, then click search There might be several names, scroll down until you see the correct name you are looking for. Match the name with the address to be sure that you have the correct agent. If you currently have a Florida real estate license that is on inactive status, look into a real estate referral company. A real estate referral company is a place where you can hang your real estate license and collect 25% of the real estate commission for doing nothing but referring your prospect to a full-time Realtor anywhere in the world. You pay nothing to the Board of Realtors or the MLS. You are also able to be active, and live anywhere in the world and still collect a fee. Take a look at our website www.ParkPlaceNetwork.com to see the benefits we can provide for you. We are currently the fastest growing referral company in Florida. By looking at our aggressive program, you can see why.