Yes. Parking your license can be temporary or long-term. You can switch back to an active salesperson status at anytime.
Do I still need to take Continuing Education courses?
Yes. It’s a requirement of the Georgia Real Estate Commission. Although you do not actively practice real estate while in a holding company, you still need to maintain an active license to refer transactions and receive compensation.
Do I need to have Errors and Omissions insurance?
No, since you do not actively practice real estate, it is not required.
What is the referral coverage area?
Anywhere in Georgia or anywhere in the United States.
Do I still have access to the FMLS, MLS and Supra lockbox key?
No. As a referral agent, you are not allowed to actively practice real estate. You will not be showing properties, listing properties, suggesting a listing price, or take part in any sales or leasing transactions.
Do you charge a fee for holding my license?
Yes, we charge an annual fee of only $79. It is due at the time of joining and on your subsequent anniversary dates.