Roosted agents can earn a substantial income from real estate referrals! According to Tom Ferry, every 40 conversations about real estate leads to one closing. So talk about real estate everywhere you go!
Here are some ways to market yourself:
1) Let friends & family know you can connect them with a great local agent in all 50 states
2) Share articles about real estate on social media to start a conversation
3) Hand out your Roosted business cards
Roosted agents are also allowed to do traditional advertising & lead generation. Just get any ads approved by your broker first 😉
All REALTORS® are real estate agents, but not all real estate agents are REALTORS®. The term REALTOR® means “member of the National Association of REALTORS®”. Because Roosted is not an NAR member, Roosted agents are not REALTORS®.
Real estate agents are only required to pay NAR dues when their brokerage is a member of NAR. We know it can be confusing, so we wrote up a blog post explaining how NAR dues work. By the way, the Code of Ethics requirement is also an NAR requirement, so you don’t have to take that class every two years anymore, either.
Continuing education (often called “CE”) is a requirement by the state real estate licensing organization. CE is always mandatory, even as a referral-only agent. The real estate continuing education requirements vary by state, but most require 18-40 hours of CE every two years.
Roosted offers online continuing education at a discount for agents and partners. We’ll also send you reminders when it’s time to renew your license.
Refer yourself to a practicing REALTOR® when you personally want to buy or sell a home. You cannot represent yourself (or anyone else) as an agent on real estate transactions, but you can earn a referral fee for referring yourself to an agent that will represent you.
Here are the options:
1) Receive 35% of the agent’s commission when you let Roosted select the agent, OR
2) Choose your own agent and negotiate your own referral fee, OR
3) When buying, negotiate a referral fee with the listing agent (up to 100% of the co-broke)
Agents send referrals through the Roosted Dashboard. Roosted agents can refer:
Refer anyone buying a home in any state.
Refer anyone who wants to sell a home in any state. Sellers can be referred to traditional agents, flat fee companies, and cash buyers (OpenDoor).
Only a few details are needed to complete a referral:
- Phone number
- Email address
- Property address (sellers) or zip code (buyers)
Partner agents are practicing, full-time REALTORS® who handle the transactions for Roosted Referrals. Partner agents have their own Roosted Dashboard, where they can:
Sign the referral agreement
Update the status of the transaction (“under contract”)
Message the Roosted agent who sent the referral (new in V2)
The partner agent (who handles the transaction for Roosted Referrals) signs the referral agreement electronically. The client’s information is protected until this agreement is signed.
Once the referral is sent, the Roosted agent’s job is done!
From their Dashboard, Roosted agents can:
👉 Automatically match their referral with a Roosted Partner for a 35% referral fee
👉 Select the agent to refer the deal to (even if they aren’t signed up as a partner)
👉 Provide comments and details about their referral
👉 View their estimated commissions & previous payments
All referral fees are agreed upon when sending the referral. Referral fees are a percentage of the Partner Agent’s commission.
Roosted has pre-negotiated a 35% referral fee when you let our app choose the agent.
If you choose the agent instead, you will select a referral fee (%) when sending the referral.
Roosted collects the referral fee, and pays the agent according to their Plan
(50%, 70%, or 90% of the referral fee)