Frequently Asked Questions
Q: How quickly do I get my commission check?
A: Normally within 48 hrs from closing (with correct paperwork).
Q: What do I pay and are there any hidden fees?
A: $ 20 per month for recurring fees, $. 25 per color copy & 5 cents for b&w , cost of any supplies you purchase. There are NO hidden fees, all costs are itemized on your monthly Associate Invoice.
Q: Do I have to get my own Errors & Omissions Insurance?
A: You can purchase your E & O through LREC or you may buy E & O from a company of your choice as approved by LREC.
Q: Are there mandatory transaction fees?
A: No.
Q: Do you charge fees for company referrals?
A: No, there are no penalties for accepting company referrals.
Q: Am I required to recommend your vendors?
A: No, we have built relationships with excellent individuals and companies but you are under no obligation to use them.
Q: How long does it take to transfer my license?
A: Once you fill out the paperwork and give us a check for $35 dollars we will get it down to the commission for them to process it. You can also choose to deliver it yourself and get an immediate "authorization to work" so you are not in limbo during the transfer.
Q: Can I switch brokers without losing business?
A: Absolutely, we do all of the transfer work for you and our systems allow you to seamlessly continue to service your customers without having to reinvent your business.
Q: What do I do next?
A: 1) Fill out the appropriate papers with our Leadership Team
2) Attend a brief orientation to better utilize the tools available
3) Meet with Team Leader to create your personal growth plan
4) Enjoy and wonder why you didn’t do this sooner
