Referral Agents: The Secret Money-Makers of Real Estate
Wednesday, April 24, 2024
Referral Agents: The Secret Money-Makers of Real Estate
As a real estate agent, you're probably always looking for ways to increase your income. One way to do this is to work with referral agents who can bring clients to you, but what if you were the referral agent making more money than the active agent who closed the deal? It's not a fairy tale; it's a true story of a referral agent who referred a client and earned a hefty 35% referral fee, which ended up being more than what the active agent made after the broker split and expenses. Keep reading to find out how this referral agent worked his magic.
You have a lower level of stress:
Referral real estate agents have a lower level of stress than active real estate agents. Referral agents do not have to look for new clients or engage with other tedious activities that are part of an agent’s daily routine, which reduces the chance of burnout or other stress-related illnesses. This leads to a healthier and happier work-home environment.
You can still earn more without the distractions:
Referral real estate agents can keep earning through their network despite their otherwise busy lives. This means that they can earn commissions on successful engagements without needing to take calls during inconvenient times or put in the extra effort for qualifying leads. So essentially, referral agents get to have the cake and the profits without the added sugar.
You don't have to stay updated on the ever-changing industry:
It takes effort and time for active real estate agents to stay updated on the industry trends and technology changes. Referral agents, on the other hand, do not have to go through this process. They only have to be aware of their network and engage only when they feel comfortable.
Being a referral real estate agent has its advantages, the primary one being that you don’t have to stay glued to your phone or have to be available outside of your working hours. Referral agents have their own pace and can focus on their personal life whilst still making a profit. If you're looking to switch things up or want more control, being a referral agent could be the best decision you make. It’s time that you give your personal life the attention it deserves!
Hi, I'm Andrew
And YES! I made 6-Figures without running a single transaction.
My time as a Realtor helped me understand the stresses of selling real estate, and allowed me to develop systems and strategies that make being a referral agent a lucrative and stress-free career. I went from never spending any time with my family to working just a few hours a week and taking time off whenever I want, making just as much money as I did as a full-time agent. Now, I’m sharing with you how to make this a reality in your own life.
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