Retirement solutions for real estate agents

[iaruim]

My father has been a real estate broker for all his life. In all these years he has earned himself a good reputation and goodwill of a huge client base. As he nears retiring age, he does not want to give up his work for fear of no income. Is there any way out by which he can use his goodwill in the trade to continue earning without being actively involved in the business?

 

[dee_dub]

Well, he could incorporate the business under his name, hire people to run it, and take whatever profits it generates. Or he could sell his client list.

 

[timothymics]

I am sure your father has a big client base to reckon with. Yes, you will be happy to know that he can actually retire and earn a pension!! There are referral services to help out people like him. They will kind of buy out or make use of the client database and have him as a key referral agent. He will have the liberty to choose his team of active field agents, who will be attached to him. Such services are easily available on the internet. One such site that I recommend is MyGreenParachute. They will take care of everything and your father will earn referral fees as a referral agent. He can also sign up on their blog site Join MGP for exchange of ideas in the real estate business.