Q & A's

How do I join Live Referral Network, LLC as a referral associate?

 It's super easy! You can join by clicking here or in the navigation menu at the top of the page. There, you’ll have access to the paperwork needed to sign up. Simply follow the instructions and submit your information with your payment. 

What is a referral associate? 

-A referral associate is someone who holds an active real estate license but earns income by referring a person to a REALTOR® as a lead rather than engaging in active sales. 

What is the commission split from my paid referral? 

-You will retain 70% of your paid referral if the agent is outside of Live Property Group Real Estate, LLC

-You will retain 80% of your paid referral if the agent is licensed with Live Property Group Real Estate, LLC

How do I submit a referral? 

-You’ll contact the customer, gather as much pertinent information as possible about them and their buying or selling needs, and get permission to refer them. 

-Important information to obtain includes their name, phone number(s), physical address, email address, area of interest, type of home (single-family home, condo, townhouse?), price range, and any other information necessary to place the referral with a real estate broker. The more information you can obtain, the easier it will be to meet the customer’s expectations. 

-To get started, submit your referral through our link in the website above "Submit a referral"

How do I make money?

-When a real estate transaction closes, the destination company will pay LIVE Referral Network, LLC a referral fee from their gross commission. LRN will receive that referral fee check via postal mail within 30 days of closing. 

-The referral fee check is processed and then LRN will mail a check to you the next business day. 

Can I have a full-time job in a different profession? 

 -This referral network is intended specifically for people who have chosen not to pursue real estate as a full-time career, who are changing their occupation or are retiring as a real estate agent. As a referral associate, you can still generate referrals (and make a great income) through personal and business networking channels even with a different full-time job. 

 Can I list a property? 

-As a referral associate, you are ineligible to list or sell any property, participate in negotiations, or execute any real estate documents. You can refer your customer to an active REALTOR® who will, in turn, provide a referral fee for the introduction if that introduction results in a closed transaction. 

Can I buy or sell my personal home?

 -Still, no. As a referral associate, you are ineligible to list or sell any property, including your own. BUT, you can have an active REALTOR® who will help you buy or sell & in turn, they will provide you a referral fee at the time of the closed transaction. Win-win.

  What is the total start-up cost? 

-The cost is only a $100 annual fee and that is prorated for those who join after July 1, to $50. -There are no local or national board membership dues or MLS fees to be paid.  -No Monthly fees either!!

 Do I have to join the local real estate board and/or MLS?

-Nope! As a referral associate you will not be required to join the local, state, or national Board of REALTORS®, nor will you be an MLS member.

 Do I have to join the local real estate board and/or MLS?

-Nope! As a referral associate you will not be required to join the local, state, or national Board of REALTORS®, nor will you be an MLS member.

Is continuing education required? 

-Referral associates are required to maintain their Georgia Real Estate License at their own expense. Therefore, GREC’s continuing education requirements must be met. 

-Referral Associates will have access to our CE Classes for Live Property Group Real Estate.

Can I place a referral with a REALTOR® I know? 

-Absolutely!! As long as the individual is an active REALTOR®, we will place the referral with that individual, then generate a referral agreement and track the execution of all the paperwork. However, if the referral associate does not direct the referral to a specific full-time sales associate, LIVE Referral Network, LLC will select a reputable real estate broker in the service area.

 Do I pay errors and omissions fees? 

Nope. E&O fees are not a requirement for referral associates because you are not practicing real estate.

 What happens if I move out of state or do not live in GA? 

There is no requirement for referral associates to live in the state of Georgia. As long as you complete the continuing education required to keep your real estate license in current status, you can live anywhere you wish.