Frequently Asked Questions
Q. Are there any hidden fees?
A. No. We charge just one nominal fee (described on our Sign Up page). We do not charge any hidden fees, office fees, membership dues, E&O fees, franchise fees, etc. The only costs you should incur to maintain an active license are your annual licensing cost to the Texas Real Estate Commission and your SAE/MCE requirements.
A. No. We charge just one nominal fee (described on our Sign Up page). We do not charge any hidden fees, office fees, membership dues, E&O fees, franchise fees, etc. The only costs you should incur to maintain an active license are your annual licensing cost to the Texas Real Estate Commission and your SAE/MCE requirements.
Q. What types of transactions am I allowed to do?
A. You can sell new construction, HUD REO's, referrals, apartment locate (ie rental referrals), and likely any other kind of transaction that doesn't require access to MLS or a keycard. We have a client 1st approach. You won't be paying for MLS or keycard services, so you won't have access to those services. If you have a client that would be best served by an agent that could search the MLS then show them regular traditional resale houses, this is someone you will not be permitted to represent. Honestly, why would you want to? Why not refer them to another agent, do a fraction of the work, then get paid a referral fee for basically passing along a name and number. Your dollar per hour earnings will be significantly higher than agents that work with clients in a full service capacity. If you are interested in a transaction not mentioned above, please contact our office to gain written authorization (email). Our goal is to help you find a way to close as many transactions as possible.
A. You can sell new construction, HUD REO's, referrals, apartment locate (ie rental referrals), and likely any other kind of transaction that doesn't require access to MLS or a keycard. We have a client 1st approach. You won't be paying for MLS or keycard services, so you won't have access to those services. If you have a client that would be best served by an agent that could search the MLS then show them regular traditional resale houses, this is someone you will not be permitted to represent. Honestly, why would you want to? Why not refer them to another agent, do a fraction of the work, then get paid a referral fee for basically passing along a name and number. Your dollar per hour earnings will be significantly higher than agents that work with clients in a full service capacity. If you are interested in a transaction not mentioned above, please contact our office to gain written authorization (email). Our goal is to help you find a way to close as many transactions as possible.
Q. Are my sales commissions from FSBOs or REOs to be sent directly to me from the sellers?
A. The only legal way for an agent to receive compensation for real estate services is to receive it from the broker.
All fees must be paid to the broker/company then we will split it with you, the agent.
It is also permissable for the broker to provide written authorization for a client or title company to disburse funds according to our direction.
A. The only legal way for an agent to receive compensation for real estate services is to receive it from the broker.
All fees must be paid to the broker/company then we will split it with you, the agent.
It is also permissable for the broker to provide written authorization for a client or title company to disburse funds according to our direction.
Q. Do I have to attend meetings or go to an office?
A. Absolutely not! You determine when you work. It could even be while visiting relatives or friends or while on vacation. Whenever you happen to touch base with someone who tells you they would like to purchase or sell real estate, you will gather some basic information and submit your referral. That's all there is to it. We handle all the paperwork.
A. Absolutely not! You determine when you work. It could even be while visiting relatives or friends or while on vacation. Whenever you happen to touch base with someone who tells you they would like to purchase or sell real estate, you will gather some basic information and submit your referral. That's all there is to it. We handle all the paperwork.
Q. Is it true the maximum I can make on a referral is $50?
A. You MUST hold an ACTIVE license to receive a referral fee (commission) over $50. This is actually a common problem for inactive agents. If your license is registered with TREC as inactive or expired, the maximum amount you can legally make for referring a lead to an active agent is $50. However if you have an active license, there is no limit to the amount of money you can make on referrals. The possibilities are unlimited. Holding an active license is naturally a good decision for anyone that would like to make thousands of dollars just by telling friends and family which agent you think would be best to help them buy or sell a house.
A. You MUST hold an ACTIVE license to receive a referral fee (commission) over $50. This is actually a common problem for inactive agents. If your license is registered with TREC as inactive or expired, the maximum amount you can legally make for referring a lead to an active agent is $50. However if you have an active license, there is no limit to the amount of money you can make on referrals. The possibilities are unlimited. Holding an active license is naturally a good decision for anyone that would like to make thousands of dollars just by telling friends and family which agent you think would be best to help them buy or sell a house.
Q. Will I still have access to the MLS as a CRRCo member? What about joining a local board of realtors?
A. No, not unless you want to pay for it. Our sister company Chandler Crouch Realtors offers full service sponsorship complete with every fee and due you're getting to skip out on. You only pay for what you get, and nothing more. The CRRCo sponsorship opportunity is free from the fees AND services bought by joining NAR, TAR, Metrotex, MLS, all the board dues, and everything else. You cannot join a board of realtors under this sponsorship. Board of Realtors require the broker and all agents under that broker to join.
A. No, not unless you want to pay for it. Our sister company Chandler Crouch Realtors offers full service sponsorship complete with every fee and due you're getting to skip out on. You only pay for what you get, and nothing more. The CRRCo sponsorship opportunity is free from the fees AND services bought by joining NAR, TAR, Metrotex, MLS, all the board dues, and everything else. You cannot join a board of realtors under this sponsorship. Board of Realtors require the broker and all agents under that broker to join.
Q. Can I request a certain sales associate to receive my referral?
A. Yes, you may request a specific sales associate provided the agent agrees to pay the referral fee and demonstrates the ability to effectively service the customer's real estate needs. If you do not have an preference for an agent, please feel free to contact our office. We may be able to assist you in choosing the best agent for your referral.
A. Yes, you may request a specific sales associate provided the agent agrees to pay the referral fee and demonstrates the ability to effectively service the customer's real estate needs. If you do not have an preference for an agent, please feel free to contact our office. We may be able to assist you in choosing the best agent for your referral.
Q. How do I renew my real estate license when it comes due?
A. You should receive a notification in the mail from TREC with instruction on how to renew your real estate license. Please visit this TREC license renewal page for more details. If you need to complete continuing education, you may enjoy the discount pricing we have secured with our affiliate self-paced, open-book, online real estate school.
A. You should receive a notification in the mail from TREC with instruction on how to renew your real estate license. Please visit this TREC license renewal page for more details. If you need to complete continuing education, you may enjoy the discount pricing we have secured with our affiliate self-paced, open-book, online real estate school.
Q. My license is inactive. What do I have to do to go active?
A. We have simplified the process for you. Our sign up process takes you through sponsorship one step at a time. Click HERE to begin. To learn TREC's requirements to activate your license from varying statuses (inactive, expired etc) including education requirements, you can go to TREC's site here.
A. We have simplified the process for you. Our sign up process takes you through sponsorship one step at a time. Click HERE to begin. To learn TREC's requirements to activate your license from varying statuses (inactive, expired etc) including education requirements, you can go to TREC's site here.
Q. What does it cost to activate my inactive license?
A. The only expenses you are required to pay are TREC fees and what you choose to pay CRRCo described on our Sign up page. You may also need to complete SAE or MCE requirements. If so, they can be quickly and easily completed online. In order to offer you the best priced, quick, open-book, self-paced online continuing education classes, we have partnered with an online continuing education school. Please visit our affiliate school HERE to view course selection and pricing.
A. The only expenses you are required to pay are TREC fees and what you choose to pay CRRCo described on our Sign up page. You may also need to complete SAE or MCE requirements. If so, they can be quickly and easily completed online. In order to offer you the best priced, quick, open-book, self-paced online continuing education classes, we have partnered with an online continuing education school. Please visit our affiliate school HERE to view course selection and pricing.
Q. Do I need to carry Errors & Omissions Insurance?
A. No, as a member of CRRCo you are exclusively participating in referrals, therefore E&O insurance is not required. If you want to get E&O insurance for your own peace of mind, please feel free.
A. No, as a member of CRRCo you are exclusively participating in referrals, therefore E&O insurance is not required. If you want to get E&O insurance for your own peace of mind, please feel free.
Q. Can I place a referral outside my home town?
A. Yes, CRRCo can place a referral anywhere nationwide. If Chandler Crouch Realtors does not have an agent servicing the client's desired location, Chandler Crouch Realtors may locate and negotiate a referral fee with a cooperating broker that serves the client's area of interest. If you do know of a company in the area of your referral lead, we will be more than happy to discuss negotiating a cooperating referral broker partnership with that company.
A. Yes, CRRCo can place a referral anywhere nationwide. If Chandler Crouch Realtors does not have an agent servicing the client's desired location, Chandler Crouch Realtors may locate and negotiate a referral fee with a cooperating broker that serves the client's area of interest. If you do know of a company in the area of your referral lead, we will be more than happy to discuss negotiating a cooperating referral broker partnership with that company.
Q. What if I move out of state?
A. You can move out of state and continue to keep your license with CRRCo. We can place referrals anywhere nationwide. Even if you do not plan on returning to the state in which you are licensed, you can still use your license to earn referral fees.
A. You can move out of state and continue to keep your license with CRRCo. We can place referrals anywhere nationwide. Even if you do not plan on returning to the state in which you are licensed, you can still use your license to earn referral fees.
Q. Can I print business cards?
A. Upon request we offer a standard business card design for our agents to print at their own expense. We have identified many low cost printing companies for your convenience. Contact us for details.
A. Upon request we offer a standard business card design for our agents to print at their own expense. We have identified many low cost printing companies for your convenience. Contact us for details.
Q. Are taxes deducted from earnings?
A. No, at the end of the year you will receive a 1099 to report your earnings. As your earnings grow, you may have to pay quarterly estimated taxes. Consult your tax adviser on how to handle quarterly or year-end taxes.
A. No, at the end of the year you will receive a 1099 to report your earnings. As your earnings grow, you may have to pay quarterly estimated taxes. Consult your tax adviser on how to handle quarterly or year-end taxes.
Q. What if I decide to become a full service real estate agent?
A. If you want to transfer to a full service REALTOR® status, you can easily transfer to Chandler Crouch Realtors or any traditional brokerage company. Note that you may be required to pay local, state, and national association dues, MLS fees, keycard rental, and other fees working as a full service agent with any traditional brokerage company.
A. If you want to transfer to a full service REALTOR® status, you can easily transfer to Chandler Crouch Realtors or any traditional brokerage company. Note that you may be required to pay local, state, and national association dues, MLS fees, keycard rental, and other fees working as a full service agent with any traditional brokerage company.
Q. How do I join CRRCo?
A. You can join on our Sign Up page, by fax, or telephone. Our contact info is found on our Contact Us page.
A. You can join on our Sign Up page, by fax, or telephone. Our contact info is found on our Contact Us page.
Q. Can I get a refund if I decide to terminate my sponsorship with CRRCo?
A. Yes, if you decide to go inactive, let your license expire, or move your license to another brokerage company not affiliated with CRRCo, you may receive a refund for the prorated amount of months you have not used. Refunds are calculated by the month. We do not refund partial months.
If you decide to transition your license to Chandler Crouch Realtors, the entire amount you have paid through your Monthly Plan or Annual Plan during your sponsorship with CRRCo will be issued to you as a credit with Chandler Crouch Realtors (for more details about this, please contact our office).
A. Yes, if you decide to go inactive, let your license expire, or move your license to another brokerage company not affiliated with CRRCo, you may receive a refund for the prorated amount of months you have not used. Refunds are calculated by the month. We do not refund partial months.
If you decide to transition your license to Chandler Crouch Realtors, the entire amount you have paid through your Monthly Plan or Annual Plan during your sponsorship with CRRCo will be issued to you as a credit with Chandler Crouch Realtors (for more details about this, please contact our office).
If you have additional questions, please feel free to contact CRRCo directly using the information found on our
Contact Us page.
Contact Us page.
