Yes. Parking your license can be temporary or long-term. You can switch back to an active salesperson status at anytime.
No, you will receive a 1099 Form to report your earnings to the Internal Revenue Service if you earned in excess of $600 in referral fees in a tax year.
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.
No, since you do not actively practice real estate, it is not required.
If you are an agent with an “active” license: Notify your present broker to be released. Your present broker can “remove” you from their brokerage firm through the Georgia Real Estate Commission online, unless it is their company policy for you to fill out the Change Application form. To affiliate with Referral Realty and Associates, […]
Within ten business days to allow time for funds to clear from the brokerage paying the referral fee.