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4 Ways to make Passive Income as a Real Estate Agent
Manage episode 431006010 series 3578188
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Summary
In this conversation, Matt "Nugget" Daniels discusses four ways to make passive income in real estate. The first method is to become a referral agent, where your job is to have conversations and educate people about real estate, and then refer them to an active agent. The second method is to join a brokerage that offers revenue share, where you can earn a percentage of the transactions brought in by agents you attract to the brokerage. The third method is to join a brokerage that allows you to purchase stock and bonuses you for buying that stock. The fourth method is to become a real estate agent and also get your MLO license to write loans, allowing you to earn commissions as both an agent and an MLO on the same transaction.
Keywords
passive income, real estate, referral agent, revenue share, stock purchase, MLO license
Takeaways
- Becoming a referral agent is a passive way to earn income in real estate by educating people and referring them to an active agent.
- Joining a brokerage that offers revenue share allows you to earn a percentage of the transactions brought in by agents you attract to the brokerage.
- Joining a brokerage that allows you to purchase stock and bonuses you for buying that stock is another way to make passive income in real estate.
- Getting your MLO license and referring loans within the same company you work for allows you to earn commissions as both a real estate agent and an MLO on the same transaction.
Titles
- Four Ways to Make Passive Income in Real Estate
- Earning Passive Income through Revenue Share in Real Estate
Sound Bites
- "The first way you can earn passive income as a real estate agent is get your license, partner with a trustworthy active agent and become a referral agent."
- "Revenue share is joining a broker that will actually share revenue when you build the brokerage, when you actually grow the broker."
- "Join a brokerage that allows you, that is publicly traded and allows you to purchase stock. And then they bonus you on that stock."
Chapters
00:00
Introduction
00:55
Chapter 1: Becoming a Referral Agent
02:03
Chapter 2: Joining a Brokerage with Revenue Share
04:35
Chapter 3: Earning Passive Income through Stock Purchase
07:21
Chapter 4: Becoming a Mortgage Loan Originator (MLO)
12 эпизодов
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