Firelight Realty (CQ1071151) is a non-MLS real estate brokerage designed for agents who want to maintain an active real estate license while focusing on earning income through referrals.
A referral fee in real estate is a commission paid to a licensed real estate agent or broker for referring a client to another agent or broker. This fee is typically a percentage of the final transaction amount and compensates the referring agent for connecting the client with a suitable real estate professional.
Real estate referrals involve one agent referring a client to another agent or broker who can better assist the client with their real estate needs. In return, the referring agent receives a referral fee once the transaction is successfully completed. This process allows agents to expand their network and provide clients with the best possible service.
A referral agent in real estate is a licensed professional who connects clients with active real estate agents or brokers, earning a commission on successful transactions. Referral agents focus on generating leads rather than directly engaging in property sales or purchases.
To become a referral agent, you need a valid real estate license. First, join a referral brokerage like Firelight Realty that specializes in managing referral agents. Once affiliated, you can refer clients to active real estate professionals and earn a commission on closed deals.
In real estate, the referral fee is typically paid by the receiving agent or broker upon the successful closing of a transaction. The fee is a predetermined percentage of the commission earned from the deal.
The typical referral fee in real estate ranges from 20% to 35% of the gross commission earned by the receiving agent or broker. The exact percentage can vary based on the agreement between the referring and receiving parties.
If your real estate license is involuntarily inactive, you must reactivate it before joining Firelight Realty. Our brokerage requires all agents to have an active license to participate in our referral company.
Yes, if your license is voluntarily inactive, you can still join Firelight Realty. We will help you transition smoothly to a referral agent status, allowing you to keep earning through referrals without actively selling properties.
Finding a broker to sponsor you involves researching referral brokerages that align with your goals. Firelight Realty is a dedicated referral brokerage offering support and opportunities for agents looking to focus on referrals rather than direct sales.
No, you will no longer be permitted to call yourself a Realtor or use the MLS. Firelight Realty operates as a non-MLS real estate brokerage.
At Firelight Realty, our fee structure is designed to be straightforward and affordable. Agents pay a minimal annual fee to keep their licenses active and earn high commissions on successful referrals. Specific details about our fee structure can be found on our website or by contacting our support team.
Yes, Firelight Realty holds your real estate license, ensuring it remains active. By affiliating with us, you can maintain your license status while focusing on generating referrals and earning commissions without the responsibilities of active sales.
Firelight Realty offers comprehensive support for our referral agents, including training, marketing materials, and access to a network of active real estate professionals. We are committed to helping you succeed in the referral industry and offer ongoing support throughout your affiliation with our brokerage.
Yes, you can refer clients outside of your state as long as you comply with all relevant laws and regulations. Firelight Realty works with a nationwide network of real estate professionals, allowing you to connect your clients with suitable agents across the country. However, it is important to familiarize yourself with any state-specific laws and regulations before referring clients outside of your state. Our team at Firelight Realty can also provide guidance on this matter.
Yes, as a referral agent with Firelight Realty, you can earn referral commissions without actively working in the real estate industry. This allows for flexibility and additional income opportunities for those looking to maintain their license but not engage in direct sales.
Referral commission payments are typically disbursed within 3-5 business days of a successful closing. However, the exact timeline may vary depending on individual transactions and any potential holdbacks or delays. Once Firelight Realty receives the referral check and it clears, you will be promptly issued your commission. To ensure timely payment, please verify that all required documentation is accurately completed and submitted.
If you have additional questions about becoming a referral agent with Firelight Realty, please don’t hesitate to reach out to our support team. We are always happy to provide further information and assist you in your decision-making process. You can contact us through our website or give us a call at (407) 801-9967. We look forward to hearing from you!
Yes, Firelight Realty provides a convenient solution for you to park your real estate license. This allows you to maintain an active license without the obligations of regular real estate practice.
Yes, parking your real estate license is often referred to as hanging your real estate license. Both terms mean that your license is held with a brokerage, enabling you to refer clients and earn referral fees without actively engaging in real estate transactions.
Yes, referral fees are legal in real estate. These fees are a common and accepted practice, allowing agents to earn compensation for referring clients to other agents or brokers. However, it is important to ensure compliance with local and state regulations regarding referral fees.
The best way to make money as a referral agent is to leverage your network and stay connected with past clients, friends, and family. By maintaining relationships and staying informed about their real estate needs, you can refer them to active agents and earn referral fees. Additionally, joining a brokerage like Firelight Realty, which specializes in referral services, can provide additional support and opportunities.
Yes, Firelight Realty does not charge any monthly fees. Your $49/year annual fee covers you for the entire year, allowing you to maintain your license and earn referral income without any additional recurring costs expect the 10% split on any closed transactions.
Yes, Firelight Realty offers various incentive programs that allow agents to earn bonuses and rewards that can often exceed the annual membership fee. These programs are designed to support our agents in achieving their financial goals while providing exceptional service to their clients.
You can park or hang your real estate license for $49/year with Firelight Realty.
Yes, we are a virtual real estate brokerage. You can live anywhere in Florida or even outside of Florida as long as you have an active Florida real estate license.
At Firelight Realty, you can put your real estate license on hold for as long as you like. However, to keep it active, you must comply with the Florida Real Estate Commission’s (FREC) requirements, including completing continuing education and renewing your license every two years. Failure to meet these requirements will result in your license becoming inactive.
If you have any further questions, feel free to reach out to our support team for more information. We are happy to assist you in understanding the requirements and process for keeping your license active while on hold with Firelight Realty.
Yes, we welcome agents looking to make a switch. Simply fill out our agent application form and provide us with any necessary documents, such as proof of current licensure, for a smooth transition. Our team will guide you through the process every step of the way.
No, we do not have any minimum production requirements at Firelight Realty. We believe in giving our agents the freedom to work at their own pace and in their own style. However, we do offer training and support for those looking to increase their productivity and success.
Yes, you can use your personal branding as a referral agent with Firelight Realty. We understand the importance of maintaining your unique identity and will support you in incorporating the Firelight logo into your business while working under our brokerage.
If you have any further questions about branding guidelines or customization options, please don’t hesitate to reach out to our team.
According to Florida real estate law, all real estate referrals involving commission must be processed through a licensed broker. Firelight Realty holds the necessary license (#CQ1071151) to facilitate these transactions legally and efficiently.
Firelight Realty ensures that all referral fees are handled transparently and in compliance with Florida real estate laws. Once a transaction closes, the referral fee is processed quickly and distributed accordingly.
Joining Firelight Realty provides you with the legal framework to make real estate referrals while complying with state laws. Additionally, you gain access to our network of experienced agents, ensuring your clients receive top-quality service.
By joining a no-fee real estate brokerage like Firelight Realty, you can:
Yes, maintaining an active real estate license is a requirement to function as a referral agent, as per Florida real estate regulations.
Getting started is straightforward. Contact our onboarding team, who will guide you through the necessary steps to become an authorized referral agent under our brokerage.
You can refer clients for various real estate transactions, including residential, commercial, leasing, and property management. Our licensed brokers are equipped to handle all types of real estate transactions.
There is no limit to the number of referrals you can make. However, all referrals must adhere to Florida’s legal requirements and be processed through Firelight Realty.
All referral agreements must be submitted to the Firelight Realty administrative team. For best practices, we recommend maintaining regular contact with the agent receiving the referral. Our office works alongside you to ensure that you can effectively monitor the status of your referrals from submission to closing. Additionally, our administrative team is always available to provide updates and answer any questions you may have.
If a referral does not result in a closed transaction, no referral fee will be paid. However, you are encouraged to continue referring clients, as each transaction is unique, and outcomes can vary.
Firelight Realty is a licensed real estate broker, authorized to operate in Florida . Specializing in referral realty, Firelight Realty connects clients with experienced professionals dedicated to meeting their property needs. Agents who join our real estate referral team should note that they will no longer be able to call themselves Realtors, as this trademarked term is reserved specifically for members of the National Association of Realtors (NAR). We emphasize that no financial or legal advice is provided, and we are committed to Equal Housing Opportunity. For reference, our Florida License Number is CQ1071151.
Copyright 2024. Firelight Realty. All rights reserved.
Please enter your username or email address. You will receive a link to create a new password via email.