Update FAQ for My State:

Texas agent FAQ

ParkandRefer.com offers you the perfect solution for Parking your valuable real estate license, losing the fees, and keeping your income stream. Become a Texas ParkandRefer.com referral agent today!

I HAVE A TEXAS REAL ESTATE LICENSE, WILL PARKANDREFER.COM WORK FOR ME?
Yes. Park and Refer Inc. is a fully licensed employing broker with the Texas Real Estate Commission. License #9000550
ARE THERE ANY REALTOR FEES, MLS FEES, MONTHLY OFFICE FEES, OR E&O INSURANCE FEES?
NO! You'll easily save thousands per year on these fees. As a ParkandRefer.com referral agent, you won't be a member of any board of realtors, MLS service, or have to pay monthly office fees or E&O Insurance. You'll be covered under our group E&O policy. Your only fee is an annual $95 membership fee, and as an incentive, even this is waived the year following a successful referral. Yes I know, Parking your license is sounding pretty good!
HOW MUCH CAN I EARN?
It's totally up to you! The sky is the limit and you're in control of your income stream. A 25% referral of a $300k purchase or sale will put $1,925 in your pocket with almost NO EFFORT...easy money thanks to your valuable active license! Think of all the potential leads with family, friends, co-workers, past clients, neighbors, church, school and trade organizations, local businesses such as the supermarket, gym, barber etc. Just by having an active real estate license gives you the best part time job ever!
HOW DO I GET PAID?
Once ParkandRefer.com receives the commission check from your referral closing, we'll mail or wire the funds to you. At year end you'll receive a 1099 to report your earnings, no taxes will be deducted.
HOW DO I PARK MY LICENSE WITH PARKANDREFER.COM?
Simply click the "Sign Up Now!" button. We'll respond with an email to you containing all of the documents required to transfer your license to ParkandRefer.com including:
  • TREC change form
  • Independent contractor agreement
  • Office policy manual
  • W-9.
For your ease and convenience these documents can be completed and signed online. This eliminates faxing, snail mail, and saves trees!
WHAT IF MY LICENSE IS INACTIVE OR EXPIRED?
No problem depending on length of time. It's easy to reinstate or renew on the TREC online system.
HOW MUCH DOES THE TEXAS REAL ESTATE COMMISSION CHARGE TO TRANSFER MY LICENSE TO A NEW FIRM?
TREC charges a $20 fee to transfer to a new firm. There is NO charge for first time applicants.
CAN I ACT AS THE AGENT ON MY OWN PERSONAL REAL ESTATE TRANSACTION?
Yes, this is a huge benefit of ParkandRefer.com. You may act as agent on your owner occupied purchase and take a commission and/or negotiate a lower sales price! The fee to ParkandRefer.com is $325 for this type of transaction. To sell your home, since you won't have direct access to any MLS, we recommend utilizing an MLS listing service or even a Realtor friend who has MLS access. There is no fee, as ParkandRefer.com will not be the listing brokerage. ParkandRefer.com is a totally independent brokerage and not a LFRO (limited function referral organization). A LFRO is a brokerage associated with a board of realtors. You would not be able to act as agent on your own personal real estate transaction with a LFRO.
CAN I LIST PROPERTIES OR REPRESENT BUYERS?
ParkandRefer.com is designed as an extremely low cost referral-based brokerage, a great alternative to letting your license go "Inactive" or "Expire". Agents must refer their leads and earn commission. Listing property or representation of buyers is not possible.
DO I HAVE TO STAY ACTIVE WITH TREC AND COMPLETE CONTINUING EDUCATION REQUIREMENTS?
Yes. You must keep your license in active status. For your convenience, we'll send you renewal date reminders. According to the Texas Real Estate Commission rules and regulations you must complete continuing ed over your two year license cycle. ParkandRefer agents receive a 15% discount on VanEd online real estate courses, which will save you a ton of time and money.
CAN I CHOOSE THE AGENT THAT WORKS MY REFERRAL?
Yes, you may choose any licensed agent anywhere in Texas or the world to work your referral. You aren't limited by geography when earning great money on your referrals. You may refer residential, commercial, new construction, and even land deals!
HOW DO I PLACE A REFERRAL WITH PARKANDREFER.COM?
Simply fill out the Referral Form on our home page or call us, 888-470-0641
HOW DO I KEEP TRACK OF THE STATUS OF MY REFERRAL?
Easy! We track the progress of your referral for you from placement through closing, and simply send you a cool web link that will always have updated transaction status, which you can check as often as you'd like!
ARE THERE ANY DEDUCTIONS FROM MY REFERRAL FEE?
There is a flat $325 fee deducted from most of your successfully closed referrals. Less is deducted from smaller referral commissions. Please call for details 888-470-0641
WHAT IF I DECIDE TO CANCEL WITH PARK AND REFER?
Simply let us know in writing and we'll inform TREC. The $95 annual fee is non refundable.
WHAT HAPPENS TO MY ACTIVE REFERRALS IF I LEAVE PARK AND REFER?
If your referral is already under contract with the referral broker, you'll still be paid your referral commission even if you decide to leave before closing occurs. You must however maintain an active license to receive your commission. If not yet under contract, referral agent will be notified that you are no longer associated with ParkandRefer.com.