I am looking to get some referrals coming in so that I can refer them to a specific Real Estate Agency. I am not yet licensed but will be within the month. I am trying to generate the money to get my license and pay other start up fees. The Real Estate Agency that I bring referrals to will pay me a % of commission for my referral which would help me get started. So I'm asking for any suggestions as to how I can start bringing in some referrals. Any advice would be greatly appreciated. Thank you.

I don't know about California; but what you're proposing wouldn't fly here in Vermont, nor in many other jurisdictions, because we are forbidden from paying any part of our Commission to a Non-Licensee . . . . and until you obtain a License, that's what you are - a Non-Licensee.

But that is probably a moot point, as today's Referrals are unlikely to generate any Commissions for many weeks or months, and you're bound to be licensed by the time they reach fruition anyway . . . . still, Good Luck !

Block, are you asking how you can get paid a referral fee so that you can get licensed? If so, then it can't happen. You must be licensed in order to get receive any form of payment.

Question: How did you get these leads that you are looking to refer out?

I dont have any leads yet. I'm just trying to get the money to get started. Im just trying to refer potential clients.

Get your license first, then worry about referring leads.

Have you started taking your classes yet? The part where they tell you about who can and cannot receive compensation as the result of a real estate transaction is pretty basic stuff.

Yes I have taking the classes. Thanks for everyone's help.

you need a license to get referral fees,..but you do not need a license to sell leads...

any marketer can sell leads..like if you generate 100 buyer leads
you can sell them for $10-$20 each..
seller leads for $30-60

and you do NOT need a license

Thank you for your help! :)

$10-$60 per non-licensed lead, or the percentage commission you could earn as a licensee.

Doesn't seem like much of a choice, does it?

You might try to sell leads; but someone would have to buy them.

I don't know of anyone who buys them; certainly not a second time.

So, that might present a problem.

Wee-Hoo! Gotta a direct referral from a past client I dealt with almost two years ago. I haven't even talked to the past client in almost that length of time too (although they are on a periodic (2-3x year) auto blast email.

Giving the wife a call tomorrow with a BIG hug!

If this new client comes to the fruitation of an actual closing, I'll sent the previous client a Thank You card with a nice restaurant gift card inside.

Wee-HOO!

I had a client who bought a condo for his son. He was a pain to deal with. I almost fired the client and his son. I had a gift card to give them at closing, I ended up keeping it and took the selling Realtor and the Title Rep out after the closing to help with the bar bill. I took both those people off my mailing list, and vowed to never market to them again.

1 year later that kid sent me 5 referrals, 3 of which closed. Funny how things work out sometimes.