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Updated over 4 years ago on . Most recent reply

User Stats

23
Posts
14
Votes
Stephen Steric
  • Real Estate Investor / Agent
  • Ventura, CA
14
Votes |
23
Posts

California – need to hang my license with a broker for referrals

Stephen Steric
  • Real Estate Investor / Agent
  • Ventura, CA
Posted

I haven’t hung my license with a broker for a number of years, and I’m getting back into some wholesaling and referral type deals. I have one wholesaling company  that won’t pay a referral fee to an unbrokered licensee, even though the California DRE says it’s OK to receive referral fees as long as you don’t do any licensed activities. 

So I need to hang my license with a broker in order to receive my referral fee on this deal that’s in escrow.

I basically just need a broker of record to receive the referral fee and then pay me out, and occasionally take a listing here or there if I get one. 


any suggestions would be greatly appreciated, thanks

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