December 10, 2017

FAQs

The #1 advantage of keeping your Georgia real estate license active is that you can easily earn extra income without actively working in the business. If your Georgia real estate license is inactive, you are not legally able to collect any type of real estate commissions or referral fees. Your Georgia real estate license is required to be active under a Broker in order to legally earn real estate income.

Our real estate brokerage is a Georgia real estate referral and license holding firm that was designed to help 3 types of Agents:

  1. Agents that only want to earn referral fees and maintain an active Georgia real estate license for a low price instead of being stuck with a traditional brokerage that charges monthly fees although you are not actively working the business. These are Agents who typically have a full-time job in another industry with minimal to no time available to actively work in real estate, Agents who are no longer passionate about the business, or Agents that no longer live in the state of Georgia.
  2. Agents that are newly licensed in the state of Georgia that do not know where they want to hang their license full-time yet. Our firm gives newly licensed Agents the opportunity to truly define the type of business they want to run, and gives them time to research and interview Brokers of interest.
  3. Agents that are in transition between firms. These are Agents who typically need time to interview Brokers of interest.

Our referral and holding company only asks for an annual membership fee of $60! That’s it.

We typically pick up your license online within 4 hours of receiving your $60 membership fee and signed Agent paperwork. If the above referenced items are received after normal business hours, on a weekend or a holiday, it could take a little longer.

At this time, we only activate real estate licenses in the state of Georgia. Keep in mind, you can live anywhere in the world and refer all over the world as long as you hold a real estate license in the state of Georgia.

When you place a referral with another Real Estate Agent, you will receive a referral fee once the lead you referred closes his or her real estate transaction.

You can earn a referral fee on any type of real estate transaction including residential, commercial, industrial, business brokerage, rentals/leases, new construction, and property management.

Yes! We place no restrictions on whom or which brokerage company you refer your leads to, as long as all of the required paperwork is completed for the referral.

Yes! You are able to refer your lead to any Broker in the U.S. and throughout the world and collect a referral fee. However, referrals do vary from country-to-country since real estate laws are different in each country.

Yes! You can continue earning referral fees by placing referrals anywhere in the US and even in foreign countries.

Yes! This is the easiest of all ways to earn a referral fee. As an Agent affiliated with our firm, you can place yourself as a referral and collect a referral fee once your transaction closes.

Yes! We don’t require a minimum referral fee with our firm. We give you the power to negotiate your own referral fees with the Agent of your choice.

Our goal is to get your referral fee check to you as soon as possible. We strive to mail your referral fee check within 5 business days after receiving payment from the brokerage paying the referral fee. This allows time for the funds to clear the bank.

Our firm offers an 80/20 split on referrals. We only keep 20%. You keep 80% of all referral fees you generate. There are no other hidden fees.

Per the Internal Revenue Code, in any tax year where you receive at least $600 in income (referral fees), our firm is required to provide you with IRS Form 1099-MISC. If you do not earn at least $600 in referral fees, you will not receive IRS Form 1099-MISC.

In many cases, the $60 annual membership fee can be used as a tax write-off. In some cases, the cost of your membership fee will be offset by the savings you’ll receive from your tax return. Consult with your tax preparer or accountant if you have any questions or concerns.

Unfortunately, you will need to pay the $60 membership fee before we can pick up your license and every year to keep your license active with our firm.

The $60 annual membership fee is a non-refundable administrative fee to activate your license with our firm. If you have any pending referral fees, you will still be paid 80% of the referral fee when payment is received by our firm.

If you decide to transfer your license to another firm and then come back to our firm later, you will have to pay the $60 membership fee again when we transfer your license back. As long as your license stays active with our firm for a full year, there are no additional fees until it is time to renew your annual membership the following year.

Yes. The Georgia Real Estate Commission requires you to complete continuing education to maintain your license. Click here to review the number of hours and courses required by the Georgia Real Estate Commission.

Since our firm is strictly a referral and license holding firm and we do not permit Agents affiliated with our company to actively practice real estate, you will not have access to the MLS or a Supra lockbox key. Our business model is designed for Agents that want to receive referral fees while maintaining an active license. No access to the MLS, Supra, and the Board keeps our annual membership fee low and our commission splits high for you.

There is no need to call us or to be physically present, it’s a simple online process. Once we receive your information, $60 annual membership fee, and Agent paperwork, we will transfer you Georgia real estate license. You will then receive an email from us confirming that your license is now active with us. You will also receive the password to access our Agent Only area.

Click here to get started now.