Referral Agent as a Retirement Plan?
Many of us would like to retire at some point but the real estate industry tends to be very transaction-based and we’re no better than our next paycheck. We spend years growing our sphere of influence and at the end we might find a buyer for it.
Why not continue to earn income from your sphere? In order to do so your license must remain active with the state licensing authority and, for many of us, we will continue to pay dues (National, state, and local), pay for MLS access, etc. This is an expensive business!
Brokerages like ours offer another possibility. Referral Only brokerages are exempt from paying dues, MLS access, and most of the other expenses involved in staying active in real estate. The only cost in Texas is the small fee (about $100) to keep your license active and your 15 hours of MCEs every two years.
We currently sponsor a number of retired agents who are enjoying being able to generate income from the businesses they built over the years.
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