Frequently Asked Questions
Q. How is a referral company different from any other real estate companies?
A. A referral company allows a licensed agent to maintain their license as active and receive referrals fees without being in a “sales quota” office.
Q. How much does it cost to get a real estate license?
A. For those wanting to enter the real estate sales field the costs are relatively minimal. The required Oregon Real Estate Agency course from a school such as Superior Schools, Inc. runs $365.00 or less. The license application is $230.00 which is good for 2 years. The background check and license exam are $47.00 and $75.00 each.
Q. If I want to work in real estate part time is a referral company the right choice for me.
A. Agents licensed with a referral company earn additional income from receiving referral fees. Since the agent is not required to be a member of a Realtor Association or local MLS the referral fees earned ends up being a larger net profit. However, an agent license with a referral fee cannot actively list or sell real property.
Q. I passed the State Exam, but not ready to start selling real estate. The agency said that I must activate my license within one year or lose it. Is there a way to keep from losing my license if I wait longer than a year?
A. Yes by placing your license with Realty Referral your license status is active. Active status guards against the unfortunate circumstance of missing the activation deadline with the Agency.
Q. I’m moving to another state, but intend to return to Oregon in a couple years. Is there a way to keep my license current?
A. Yes, by placing your license with Referral Realty your license remains active in the State of Oregon.
Q. Is it possible to make money selling real estate part time?
A. It’s possible but highly unlikely working with a regualr real estate brokerage firm. since the costs will usually outweigh the earned income. Receiving referral fees can be earned without the expense and time of either part or full time work.
Q. Can I receive or give a referral to an agent in another state?
A. Yes, you can receive a referral fee from any active licensed agent anywhere. The fee comes from the agent’s office to Realty Referral to you.
Q. Do I need Continuing Education hours if my license is in Realty Referral
A. Yes. All active licensees must keep their 30 hours Continuing Education current in order to maintain an active license.