By Rltr® John R. Petalcorin - Founder of RealterSociety.Org, Lead Volunteer Convenor of IPORESP.Org, Exclusive Buyer Agent, pro bono Consumer Rights Advocate, peer-to-peer coaching, matching buyers and sellers for FREE.
12/06/2011
This agent don't need to register in PRC
QUESTION: Sir John, I am a retired teacher, an AVON saleslady, and a colorum agent. I refer potential buyers to a Broker, and the broker does the salestalk and I get my 1/3 share of the commission. In all these, I have no written agreement with the Broker. The Broker says there is a new law and he wants me to get a Salesperson Seminar and get a PRC Registration. He said I will pay for the expenses of the Seminar and Registration. I can't afford the expenses. What will I do?
ANSWER: You are not "selling" real estate. You are just a buyer headhunter and a referral agent, you don't do salestalks about the properties being sold by that Broker, you are not part of the negotiations, you are not a sub-agent, and technically you neither represent that Broker, so for you I would say no need for PRC Registration. If that Broker will force you to get a Salesperson Seminar, let him pay for it, it's his idea to formally employ you under his structure.
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