In this market, it is getting harder and harder to be a success in Real Estate. Many Realtors find that the fees involved in maintaining their license outweighs their income potential, especially if they are part time. However, it is a hard decision to give up the license. Every now and then you may get a family member or friend needing real estae services.
Century21 Downtown created a referral company designed for part time agents. Essentially a referral company is a place where a licensee can hang their license and not be required to pay the typical Realtor fees. A licensee in referral still may collect a commission for clients referred to another Realtor. This is great if the licensee still has a wide sphere of infuence of freinds, family , and associates who may need real estate services from time to time. The part time agent is able to forgo the fees, hold onto their license and collect a sizeable referral fee from clients they refer. The one thing to be clear on is that a licensee in referral MAY NOT perform real estate services. They must refer the client to a Realtor.