I just passed my RE exam and am contemplating being a referral agent only. I have a staging company that I would like to focus on but do refer clients to Realtors and thought it would be a good way to make a little extra cash. My question is how different are the fees and what exactly am I able to do as a referral agent only?

Hi keltown,

I live and work in Oregon but still keep my CA license active for this very reason. As long your license is active, you can do anything that a normal real estate agent does.

If you want to do referrals only, find a company that allows you to hang your license without having to join the MLS, NAR or CAR. You can find one that will give you 100% of the commission, minus a small fee (usually betwen $500-800), or one that will take 10% of the top.

Shoot me a PM if you want to know which company I use. They are great.

good luck

Pre-Qualify Buyers BEFORE referring them to anyone.

Obtain consent of the Referred Buyers/Sellers BEFORE referring them.

Try to convince them to only consult Brokers you refer them to

Monitor the Market for any activity by your Referred Parties.

Watch the mailbox while waiting for Checks.

Audit Brokers referred to for the Checks that didn't appear.

Take Continuing Education Courses to keep License Active.