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You are here: Home / Archives for FAQs

Can I go back to being a full-time agent?

December 21, 2018 By Chris Lazarus

Yes. Parking your license can be temporary or long-term. You can switch back to an active salesperson status at anytime.

Do you deduct taxes for my earnings?

December 21, 2018 By Chris Lazarus

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.

Do I still need to take Continuing Education courses?

December 21, 2018 By Chris Lazarus

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?

December 21, 2018 By Chris Lazarus

No, since you do not actively practice real estate, it is not required.

What do I need to do to sign up with Referral Realty and Associates?

December 21, 2018 By Chris Lazarus

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, […]

How soon can I receive my referral fee commission after closing?

December 21, 2018 By Chris Lazarus

Within ten business days to allow time for funds to clear from the brokerage paying the referral fee.

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