California Agent FAQ's
I HAVE A CALIFORNIA REAL ESTATE LICENSE, WILL PARK AND REFER WORK FOR ME?
ARE THERE ANY TYPICAL REALTOR FEES ASSOCIATED WITH JOINING?
Our low membership fee is only $75 for 6 months, $125 for 1 year, or $195 for 2 years, and as an incentive, you’ll receive a FREE 1 year membership renewal with just 1 successful paid referral. Yes I know, Parking your license is sounding pretty good!
HOW MUCH CAN I EARN?
HOW DO I GET PAID?
HOW DO I PARK MY LICENSE WITH PARK AND REFER?
Simply click the “Super Easy Sign-Up!” button and input your info, and then we’ll respond with an e-signable email containing all of the documents required to transfer your license to Park and Refer including: Independent contractor agreement, Office policy manual, and W-9.
WHAT IF MY LICENSE IS INACTIVE OR EXPIRED?
CAN I ACT AS THE AGENT ON MY OWN PERSONAL REAL ESTATE TRANSACTION?
CAN I LIST PROPERTIES OR REPRESENT BUYERS?
DO I HAVE TO STAY ACTIVE WITH DRE AND COMPLETE CONTINUING ED REQUIREMENTS?
CAN I CHOOSE THE AGENT THAT WORKS MY REFERRAL?
HOW DO I PLACE A REFERRAL AND KEEP TRACK OF IT?
WHAT IS THE PARK AND REFER COMMISSION SPLIT FROM MY PAID REFERRAL?
- Your check coming in is $1,300 or less-we charge 25%. i.e. $1,000 commish, $250 fee=25%
- Your check coming in is $1,300-$3,600-we charge a flat $325. i.e. $2,700 commish, $325 fee=12%
- Your check coming in is $3,600 or more-we charge 9%. i.e $7,000 commish, $630 fee=9%
Most referral agent brokers will charge you a flat 20%-40%, but our fee structure is designed so that an average referral falls in the 12% range, with larger referrals just 9%. And don’t forget you’ll earn a FREE 1 year renewal with just 1 paid referral!
NEW BUILD PROPERTY REFERRAL
In this specific referral situation, you’ll refer any customer or yourself to purchase a new build property whereby you’ll sign the “builder referral commission agreement”. Typically a builder offers a 3% referral commission on the sales price, minus upgrades. At closing you’ll earn 88% of the total referral commission paid by the builder. Example…$10,000 referral commission earned = $1,200 admin fee, and YOU’LL KEEP $8,800!
PARK Your Valuable Real Estate License Today!
Congrats to our newest referral agent: Simon S. of Austin TX., He'll keep his valuable Texas Real Estate License active, lose the typical real estate agent fees, and keep earning great money!
— Park and Refer Inc. (@ParkandRefer) May 17, 2022