How it Works
Why It Doesn’t Cost You Anything
Many Florida real estate licensees don’t realize that they do NOT have to be a member of the Board of REALTORS® in order to practice real estate, and consequently don’t have to pay the hefty REALTOR® dues. You simply need a current Florida real estate sales associate license. If your license status is “current, inactive” then you are literally one click away from being able to earn commissions. The reason for the misconception about having to be a REALTOR® is because most real estate brokers are members of the Board of REALTORS® and if the brokerage is a member then all the agents in that brokerage must also be members. Real Estate Referral Services LLC is a licensed brokerage that is NOT a member of the Board of REALTORS® so agents that have their license active with us pay NO fees (other than what is required by the state every two years to renew their license).
If you have an inactive Florida real estate license then you’ve already applied with the DBPR, been fingerprinted, completed the class, passed the exam and paid all the fees associated with those things. Maybe you practiced real estate for awhile and decided to retire or pursue another career, or maybe you just got your real estate license so you could earn commission on a home you were buying or selling, or maybe you got your license and then changed your mind or postponed starting your real estate career. Regardless of why your license is inactive, there is no reason why it should be when you can activate it at no cost and earn lucrative referral commissions!
How You Earn Money
When you refer your family or friends to a REALTOR® you can negotiate the referral commission percentage. Typically, most REALTORS® will agree to at least a 25% referral fee. So in that case, your broker, Real Estate Referral Services (RRS), will receive 25% of the commission due to the REALTOR®. Once RRS has received the commission, you will be written a check. RRS keeps only the lesser of 20% or $395 and you will receive the rest.
BONUS: If you refer your friends or family to our sister company, Florida Coast Realty Partners LLC (located on the Space Coast of Florida), you will receive 100% of the commission received by RRP! Yes, that’s right – 100%!
Who said earning money had to be difficult?
Here are some examples of how much money you can earn by just referring people you know:
Example 1: You have a friend who is moving to Arizona. You refer them to a REALTOR® in the city where they are moving to (we can find a REALTOR® for you). They purchase a house for $200,000 with a 3% commission to the buyer’s agent. You will receive $1,200. Here’s the calculation:
$6,000 X 25% = $1,500 total referral commission received by RRS
RRS keeps the lesser of
$1,500 X 20% = $300 or $395
$1,500 – $300 = $1,200 to you for making a phone call
(Note: If this referral was to our sister company on the Space Coast, Florida Coast Realty Partners, you would have been paid the entire $1,500 received by RRS.)
Example 2: You have a friend who is selling their home in Miami. You refer them to a REALTOR® specializing in their neighborhood (we can help find a REALTOR® for you). Their home sells for $450,000 with a 3% commission to the buyer’s agent. You will receive $2,980. Here’s the calculation:
$450,000 X 3% = $13,500 total seller side commission
$13,500 X 25% = $3,375 total referral commission received by RRS
RRS keeps the lesser of
$3,375 X 20% = $675 or $395
$3,375 – $395 = $2,980 to you for making a phone call
(Note: If this referral was to our sister company on the Space Coast, Florida Coast Realty Partners, you would have been paid the entire $3,375 received by RRS.)
Getting Signed Up
Step 1: Contact us with your interest and any questions.
Step 2: We send you an agreement to sign that outlines the deal. (This contract can be cancelled at any time.)
Step 3: You return signed contract.
Step 4: We activate your real estate license (this takes no effort on your part).
Step 5: You start referring customers and make money when their transactions close! (We will send out your commission check within 3 business days of closing.)
Step 1: Contact Us