How can we stay competitive moving forward in a progressive world?
In today’s podcast, we’re introducing the topic of generating passive income while staying at your brokerage.
With major players such as Zillow, OpenDoor, and Redfin offering mortgage and title services, it’s time real estate brokers and agents start to think about ways to offer vertically integrated services. In order to stay competitive, we need to think of ways to bundle and save for the consumer.
Here are three basic steps to creating passive revenue streams while staying at your brokerage:
- Review your Independent Contractor Agreement (ICA)
- Talk with a RESPA attorney (Real Estate Settlement Procedures Act)
- Get a license(s) for the services you want to offer (such as mortgage)
Listen in to hear the full details on how to generate passive income without leaving your brokerage and be sure to subscribe so you don’t miss an episode!
Press play to listen to the podcast episode:
…or watch the video below…