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Updated over 4 years ago,
California – need to hang my license with a broker for referrals
I haven’t hung my license with a broker for a number of years, and I’m getting back into some wholesaling and referral type deals. I have one wholesaling company that won’t pay a referral fee to an unbrokered licensee, even though the California DRE says it’s OK to receive referral fees as long as you don’t do any licensed activities.
So I need to hang my license with a broker in order to receive my referral fee on this deal that’s in escrow.
I basically just need a broker of record to receive the referral fee and then pay me out, and occasionally take a listing here or there if I get one.
any suggestions would be greatly appreciated, thanks