Maybe you are a new real estate broker and are deciding what you want to do with your new license. Maybe you are a veteran agent and looking to slow down or retire. There are a lot of reasons why a licensed agent would choose to use a real estate license holding company in Illinois. Here are some of the top reasons we hear from agents looking to move to a holding company.
1. You are still figuring everything out
You have spent hours in classes, studying, and finally passing the exam. Now what? There are a lot of options out there for you after you pass your brokers exam and they can be overwhelming. A real estate license holding company is a good and affordable option to keep your license active while you figure out what direction you want to go.
2. You are tired of the long hours and weekends
If you have been in real estate for any amount of time, you realize very quickly that there are not enough hours in the day to get everything done. From evening seller meetings to weekend showings, it is hard sometimes to get a break, and that’s assuming everything goes right. Maybe you have decided its time to take a break from real estate for a time but would like to keep your license for when you decide to jump back in.
3. You are ready to retire
You worked hard to build your database over your career and now that its time to retire what do you do with all of those contacts? You could let all of that work go to waste or you could continue to make money through referrals to other real estate agents while you enjoy a well deserved retirement.
4. You want an additional income stream
If you have your Illinois real estate license and are not actively using it you have a great source of additional income. Best of all, after your send in the referral your real estate holding company takes care of the rest! It sometimes feels like getting money for nothing.
Conclusion
No matter what your reason, there are a lot of benefits to becoming a referral only real estate agent in Illinois. Choosing you real estate license holding company is a big decision so please don’t hesitate to contact us if you have any questions.