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Denise, Real Estate Pro in Fort Myers, FL

Can an inactive real estate agent be paid a referral fee?

Asked by Denise, Fort Myers, FL Fri Mar 7, 2008

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Answers

25
Your license must be active for you to be paid.
1 vote Thank Flag Link Sun Sep 7, 2014
In FL your license has to be active in order to earn a fee. A real estate referral company is a great option to those who have a Florida Real Estate license but are not able to sell full-time, but can still earn a real estate referral fee. Go to http://www.ParkPlaceNetwork.com for a company that pays back 90% of the referral fee.
1 vote Thank Flag Link Wed Jul 3, 2013
It has to be active to earn the fee, but not active to be paid.
Flag Fri Aug 9, 2013
the good news is........since this question was asked way back in MARCH of 2008, the answer still remains the same!
1 vote Thank Flag Link Sat Nov 19, 2011
No.. in fact an agent cannot be paid the fee to begin with. They must be active, working under a broker ... the fee goes to the broker then the agent is paid per their agreement with the broker. Anything else is not legal.
1 vote Thank Flag Link Sat Nov 19, 2011
in virtually all states you have to be activly licensed to receive any compesation.
Web Reference: http://www.ScottSellsNH.com
1 vote Thank Flag Link Thu Oct 16, 2008
Denise....

In California you must be licensed to receive a referral fee. If you have a sales license the commission goes to your broker, if you are inactive and do not have a broker you would not get a referral fee.
1 vote Thank Flag Link Thu Oct 16, 2008
To be able to get paid a referral commission of any kind, you must have an active license. You can hang or activate your license with RealtyPRO Network (a license holding company and referral network) in both California and Florida. Zero Realtor or MLS fees. http://realtypronetwork.com/benefits/referral-associate-benefits
Flag Sat Sep 6, 2014
Pam Winterba…, Real Estate Pro in San Ramon, CA
MVP'08
Contact
If you live outside the US and are not licensed because the country you live in has no licensing requirements, can a Florida brokerage company pay you a referral ?
0 votes Thank Flag Link Thu Feb 12, 2015
No. To be able to get paid a real estate referral commission of any kind, you must have an active license. That doesn't mean that you have to join an expensive Realtor Association or MLS though. You can hang or activate your Florida or California license with RealtyPRO Network (a license holding company/brokerage and referral network active in both California and Florida). Zero Realtor or MLS fees. Check it out! http://realtypronetwork.com/benefits/referral-associate-benefits
0 votes Thank Flag Link Sat Sep 6, 2014
Also make sure that you have your continuing education updated. You can complete your state's real estate continuing education CE requirement online through the RealtyPRO Network website:
http://realtypronetwork.com/online-real-estate-agent-licensing-continuing-education-course
Flag Sat Sep 6, 2014
The Great News is that there is a fantastic way for those agents who are unable to continue to be actively involved in the Real Estate Business due to many different personal or professional reasons to make some income through referral sources with organizations that are position with the necessary tools in place to do so. Suggest link and search for http://www.FloridaSunshineREConnection.com for contact information and/or apando@bellsouth.net for more information
0 votes Thank Flag Link Wed Jul 9, 2014
Your license must be active in order for you to be paid a commission.
0 votes Thank Flag Link Sat Jul 5, 2014
An active license is required to get compensation. But we activate agent's license online in less than 4 hours and our agents can work and even sell MLS properties, without paying MLS/Board Fees. We have created a unique business model and are happy to offer this option to thousands of inactive real estate licensees in Florida or to real estate licensees who wish to be able to work normally without paying board/mls fees. Check us at http://www.activeflorida.com
0 votes Thank Flag Link Fri Jul 4, 2014
It all depends what "inactive" means in your particular situation. Not sure how it's done in the USA but in Ontario Canada we use the word inactive and it may refer to : 1. Inactive where the RE license is expired or lapsed. In this case you cannot earn any real estate commissions whatsoever because your license is not valid or in force to trade in real estate sales including referral fees. 2. Your license is in force and active allowing you to trade in real estate and earn commission including referral fees, but you elected to be "inactive" with respect to all real estate sales activities. You decided to step away from personally trading in real estate sales but keeping your license in force for your future use and the added benefit of still being able to earn commissions now. Why become "inactive" and keep your license in force....what's the point? Agents who do this can seek out a real estate Brokerage that is not a member of the local real estate board, and other applicable Associations and therefore avoid the membership fees and costs that go with it. In Ontario, real estate agents who opt to do this save on all expenses charged by TREB (or their local board), OREA and CREA. However, because the license is still in force with RECO ( real estate council of Ontario), agents still pay license fees and e&oi. Hope this helps.
0 votes Thank Flag Link Fri Jun 7, 2013
yes they can 30% referral fee with surfside properties.
0 votes Thank Flag Link Thu Jun 6, 2013
In Florida, an agent may be paid a commission by a brokerage firm under which they had been previously licensed if the fee was actually earned while they were legally employed.

As an example ... Say an agent writes a fully executed sales contract on a pre-development condo that is not scheduled for completion/closing for two more years. Should that agent's license become inactive within that two year lag, the sales commission may (should) still be paid to the procuring agent by the employing broker under which the sales contract was written.

We see this issue debated often in the case of referrals, in which case the same rationale applies. A referral generated by an actively licensed agent can trigger a commission payment to that inactive licensee should that licensee become inactive before the referral comes to fruition and results in a closing/commission.
0 votes Thank Flag Link Tue Feb 28, 2012
Debbie,
Don't look now, but the answer just changed somewhere.
0 votes Thank Flag Link Mon Feb 27, 2012
In Ontario Canada you can park your real estate license and still hold it active while hanging it with our Brokerage. What does this mean? You have become an inactive agent and decided not to be active in realty sales anymore but your registration...your license is still active and can be used anytime as long as it is in force. Here we have RECO...the Real Estate Council of Ontario where your license will continue to be in full force and you must also be registered with an Ontario Brokerage. To save huge costs like real estate Boards and Associations, you hang your license or park your license with a Brokerage that is NOT a member of those Boards and Associations. You will avoid all those fees and keep your license active in case you run into a commission earning opportunity like referrals. Learn more here http://www.ParkYourLicense.com Good luck and whever you are keep your license :)
0 votes Thank Flag Link Mon Feb 27, 2012
Denise, the answer to this will depend on the state you’re licensed in. Check with the Department of Licensing in your state for all the details.
0 votes Thank Flag Link Fri Nov 18, 2011
No, an inactive real estate agent may not be paid a referral fee. Check out http://www.ParkandRefer.com referral agent brokerage for the perfect solution to keep your license active very inexpensively and still earn great money from your referrals. No Realtor dues, NO MLS fees, No E&O insurance, No monthly office fees. ParkandRefer.com operates in California, Colorado, and Texas
Web Reference: http://www.ParkandRefer.com
0 votes Thank Flag Link Wed Nov 9, 2011
Here is what I believe may be a great way for agents to earn commission without selling or listing a house. If you know anyone interested in a great new growing Real Estate franchise as a Broker, let me know and I can arrange for an exploratory meeting with the Regional Vice President. If you know agents looking for a growing home or want to just hang a license as a referral agent and earn commission without selling or listing a house. Look at the link information below. Any question call me at 732-707-1464

http://www.nextageadvantage.com/agents.php?ses=60369
0 votes Thank Flag Link Sun Jul 31, 2011
You have to put your license active with a LIFRO Broker, then it is active again and you can receive a Referral Fee's without Listing and Selling Real Estate. As a license LIFRO agent you can keep your license active, no desk fees, or MLS fees, and you can build a team of LIFRO agents and build a business, not just "DO" business. What is a LIFRO" Agent? (Limited Function Referral Organization (LIFRO)

For an overview, Inactive Agents place their license with a LIFRO broker, and can keep their license active, no desk fees, or MLS fees, NO EMO's, but you can only refer business to other agents, you CAN NOT list or SELL Property and you MAY NOT enter into any agency agreements with sellers or buyers or directly represent clients.  You can refer leads through a full-service existing estate brokerage firms who perform the actual legitimate estate services. Everyone wins. With our company you can build a team of LIFRO agents, and you can build that business locally or all over the US.

Linda Agent
Austin Tx
0 votes Thank Flag Link Tue Jan 25, 2011
Yes you can!
Hang your license with a non-board member broker.
Broker to broker is legal and your broker to you is legal.
Check out;
http://referralagentonly.com
0 votes Thank Flag Link Tue Dec 30, 2008
In Kansas, Missouri, and Hawaii, you must be licensed to be paid a referral fee unless the fee was generated when your license was still active.
Web Reference: http://www.mariatmorton.com
0 votes Thank Flag Link Thu Oct 16, 2008
The same law applies in California. Referral fees must be paid to a broker of record. Inactive agents can now activate their license through My Green Parachute.com http://www.mygreenparachute.com and become a professional referral agent. What a great way to supplement their income. Check it out today.
0 votes Thank Flag Link Thu Oct 16, 2008
In Florida, you may be legally paid a referral fee with an inactive license, as long as the referral was LEGITIMATELY GENERATED while the license was still active. The refferal fee must be paid through the brokerage firm that employed the agent at the time that they generated/placed the referral.
0 votes Thank Flag Link Fri Mar 7, 2008
Check with the Real Estate Commission in Florida - In SC, you can't receive referral fees unless you have an active real estate license.
0 votes Thank Flag Link Fri Mar 7, 2008
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