How it Works
You spent a lot of money getting your real estate license. Don't let it go to waste!
is a limited function referral office
often referred to as a (LFRO)
At Texas Real Estate Referrals you have the option to choose the agent who receives your referral or you may decide to let the Broker choose the agent. The best part of being a referral agent is that you are not limited to local real estate transactions. You may have friends who need to sell their home in Texas and buy a home in another state. That could mean 2 separate referral fees!
Our agents are fully licensed real estate sales agents but they do NOT work directly with clients to list or sell properties. They Only Do Referrals to active agents and then get paid a percentage of the commission that results from the referred client's closed transaction.
Joining a LFRO office is a practical choice for a real estate agent who wants to generate income from their license without spending the time and money involved in listing and selling property.
- Suppose you make a referral that results in a $10,000 commission.
- The agreed-upon referral fee paid by the receiving agent/brokerage is 30%.
- The agent/brokerage receiving the referral would keep $7,000 which is 70% of $10,000.
- $3,000 would be paid to Texas Real Estate Reerrals LLC which is 30% of $10,000.
- You would get $2700 and Texas Real Estate Referrals would keep $300 as of our current agent split.