HOW IT WORKS
HOW IT WORKS
Here are the In's and Out's
Referral Only: You ONLY refer clients to a fully active transacting agent; you cannot list, sell, show, hold open houses, negotiate, give advice, or participate in ANY brokerage activity.
Income: Earn a portion of the commission when your referral closes a deal.
Cost Savings: Avoid national, state, and local Realtor association dues, MLS fees and E & O Insurance.
License Maintained: Keeps your Active license valid with the state.
No MLS Access: Because you aren't showing or listing, you don't need the Multiple Listing Service.
Broker Sponsorship: Your license must be sponsored by a licensed business entity (a Certified LFRO broker).
TREC Regulated: Governed by rules from the Texas Real Estate Commission (TREC).