Colorado Agent FAQ's
I HAVE A COLORADO 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 DORA 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!
Colorado Real Estate Commission Website
Colorado Continuing Education
Requirements for Colorado and the classes you need to stay active.
PARK Your Valuable Real Estate License Today!
Congrats to our newest referral agent: Lauren A. of Westminster CO., She'll keep her valuable Colorado Real Estate License active, lose the typical real estate agent fees, and keep earning great money!
— Park and Refer Inc. (@ParkandRefer) April 7, 2021