Dewbrew Realty Referrals LLC is a separate business entity from Dewbrew Realty, Inc.

All referral agents hold a special, limited function referral-only (LFRO) status in world of real estate licensees. This specialized status allows individuals who hold a Texas Real Estate Sales Agent License to earn referral fees or commissions by simply referring potential buyers or sellers to professional real estate Brokerages and their Realtors. Unlike traditional real estate licensees, who are permitted to actively counsel and aid clients in the buying and selling homes or investing in properties, LFRO licensees are restricted to solely referring clients to Brokers and their Realtors who are members in good standing the Board of Realtors and are authorized to represent the public in the practice of real estate.

Why would someone want a referral agent to help them find a Realtor?

1. Hands down, selecting a Realtor is the most important decision in buying or selling a property. These are huge decisions with longtime financial and legal implications. Unless someone is an expert in this area, they will want a professional assisting then you who knows the market, understands the nuances of contract negotiations, repairs, and appraisals – someone who can advise them on all the various options available their unique situation. Selecting the right Realtor (or, God forbid, the wrong Realtor) will determine success or failure of the entire process.
   
   
2. There is an inherent value to having a professional person licensed with the Texas Real Estate Commission recommend the Realtor that will help them with the biggest investment will ever make.
   • The referral agent will either be able to personally vouch for Broker or their Realtor personally, or they will do the investigative research necessary to ensure a good fit for the client.
     
     
3. The client does not pay the referring agent a fee. Rather, they are paid a portion of the Broker’s earned commission.
   
   

Why would someone want to be a referral agent?

Being an LFRO licensee provides an opportunity to earn great income by connecting potential clients with highly trained professional so will take care of the client. The referral agent can work a full or part-time job elsewhere or even be a stay-at-home mom. Referral agents learn how to connect with people as they go about their daily lives. Once they refer a client, it’s the Brokers and their Realtors who do the heavy lifting by facilitating successful real estate transactions while the LFRO focuses on networking and building relationships with their friends, family, co-workers, and others in their every-day sphere of influence. Referral agents are required to complete the same training and education as fully active real estate agents. However, these individuals do not directly engage in the full range of activities involved in property transactions. The LFRO status allows them to leverage their network, connections, or marketing skills to refer potential clients to Brokers and their Realtors in exchange for a referral fee or commission. With a limited referral-only status, individuals can provide valuable leads and introductions to professional Brokers and their Realtors who facilitate the real estate transactions. LFRO licensees identify buyers or sellers and then connect them with just the right Realtor who is authorized to handle the transaction process. The referral agent will either personally know and vouch for the recommended Realtor, or they will spend time doing investigative research to ensure a good fit for the client. The Realtors take over from there and assume responsibility for property showings, negotiations, paperwork, and all other aspects of the transaction.

Being a referral agent helps the people they connect with be protected and well represented, while earning a significant percentage just for being a great match maker. That’s a win-win!