Referral Partner vs.Realtor

[Laticha Jones]

Okay so here's my delimma ... hopefully I will have passed my state and national exam by October... and I was just informed by my husband that we will be moving to Colorado in July (6 months later).

I DO NOT want to sit thru those pre licencing classes again. Yet I understand I have to be an active realtor for 2 years in order for me to just take the Colorado State exam.

I was chatting with a chick from Ebby Holiday, the other day and she said "well we have a great referral program or partnership here, if you want to do that."

I didn't want to sound to dumb so I decided to post my questions in a few boards.

1. Is a referral partner considered an active realtor?

2. How can I work solely as a referral partner (what are the linguistics/how do you make a decent income just doing referrals)

3. I meet several people here in Texas that sell real estate in Atlanta ... a major complement to real estate are showing and open houses so how does a realtor live in one state and show in another state?

[Bill S.]

@Account Closed I don't mean to bust on your business model. In Colorado, if your "consultants" are qualifying a buyer (making sure they are eligible to buy) then that is considered a license activity which according to the law requires a license.  I know there are lots of folks doing this sort of thing but that doesn't mean you won't be in trouble if the RE Commission checks up on you about it.

In reality, no one cares until someone complains to the Real Estate Commission.  At that point the person with the license is in trouble.

IMO, much simpler to have all parties that are paid from a deal have a valid licensed.