REeBroker LFRO Guidelines
What does LFRO mean? Limited Function Referral Office Policy
Do I have to pay NAR, CAR, and Local AOR dues? No.
Will I have access to the MLS? No.
What does the Policy mean? The licenses must be
held by an entity separate from the REALTOR®'s brokerage firm.
Licenses will be held by referral firm REeBroker. All referrals
must be made to the REALTOR®'s brokerage firm on a substantially
exclusive basis. Referrals must be given to an agent within the
REALTOR® brokerage firm Real Estate eBroker, Inc (DBA REeBroker Group).
No fees will be taken by the broker for these referrals.
For more information see here:
National Association of REALTORS® LFRO Policy
The licensees may not be engaged to any degree in listing, selling,
leasing, renting, managing, counseling, or appraising real property.
The designated broker will be required to annually identify all
licensees in the referral firm to the REALTOR® Association Board.
The designated broker is required to report any licensees status
change within three (3) days.
Note: The exemption for a referral licensee is automatically revoked
upon the individual engaging in activities requiring a real estate
license other than making referrals. Upon revocation of LFRO status,
the licensee will be placed under the REALTOR® firm and all
associated dues will be the licensee’s responsibility.