The Home for Referral Only Real Estate Agents in Texas.
Preserve Your License and Relationships,
Even When You're Not Actively Selling Real Estate
Your real estate license is a valuable asset. Don't let it go inactive! Even if you are no longer actively practicing real estate, you can still make the most of your license and relationships.
Referral Only Brokerage of Texas can sponsor your license, enabling you to earn referral fees from your trusted referral agents and ensure your valuable relationships are well taken care of.
How It Works
Limited Function Referral Office - LFRO
A Limited Function Referral Office (LFRO) is a specialized type of real estate brokerage in Texas that primarily focuses on facilitating real estate referrals between clients and licensed real estate agents. LFROs are regulated by the Texas Real Estate Commission (TREC) and operate within specific guidelines. Agents sponsored by the LFRO do not actively engage in traditional real estate sales or property management activities such as listing or showing homes, negotiations, contract drafting, MLS activities, etc.
LFROs are often a valuable resource for agents who want to maintain their license and earn referral income while no longer actively practicing real estate.
Brian and Laura Sales serve as co-owners of The Sales Team Realtors in Midland, TX and Sales Team Realtors DFW in Burleson, TX. They hold licenses as Brokers and sponsor active agents across various Texas markets. In addition, they have established this distinct entity , the Referral Only Brokerage of Texas, TREC License # 9011653, exclusively dedicated to supporting Referral Only real estate agents.
Agent Do’s and Don’ts
No local, state or national association membership is required.
No MLS membership fees are required.
No brokerage desk or tech fees are required.
Do - Transfer your real estate license to Referral Only Brokerage of Texas.
Do - Complete Independent Contractor Agreement with Broker.
Do - Maintain your active real estate license with TREC.
Do - Complete TREC required CE hours each two year license period.
Do - Maintain your relationships, providing them referrals to trusted active real estate professionals.
Do - Negotiate referral fees with your referral partners, and complete referral agreements.
Do - Continue to generate and receive ongoing income from your valuable database of relationships
Brokerage Provides
Referral Only Brokerage of Texas sponsors your license.
Receives and processes all referral fee income at an 80/20 agent split.
Quick disbursement of referral income to agent via ACH direct deposit.
Transparency in all accounting and reporting, with end of year 1099’s.
Access to Referral Forms to be used with referral partners.
Up to 30 hours of Free CE courses live streamed in-office, Midland and Burleson TX locations.
Extensive referral network of professional active agents across Texas and the US.
Direct access to your Broker.
Mentoring and assistance with re-entry to Active status, if desired.