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Referral fees... does your company take them off the top of the GCI or out of the net paid to the agent once their split is calculated? I've worked for companies that do it both ways.. wondering how the rest of the world does it.
As an assistant to top performing agents that allowed me to work 30+ deals per month contract to close for 3 years for involvement in 400+ transactions. Experience that has been essential and valuable!
Michael McClure thank you for posting honestly, those are the same reasons I have elected to *not* get my brokers license. That and an instructor for the big real estate school in town told me the classes he teaches for broker licensing are exactly the same as for a new sales license. All except for the last clinic.
Judy I refer out a lot, but the requirement is that I stay updated in my tracking system. If the agent screws it up or doesn't follow up, I reserve the right to save it by taking it back. Don't feel awkward about this, it's normal to ask for updates in any lead referral system.
Melanie: The main thing I learned since becoming a broker is that I had an incredibly awesome life (as a high producing agent) before I decided to become a broker. I just needed to become a broker to figure that out. *sigh* That was facetious (or was it?), but answering your question as you asked it, I absolutely would recommend that you get your broker's license just for the incremental education and yes, it WILL help you win more clients long term. It's just a question of how many more clients.