Post retirement income for real estate brokers

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[opelsan]

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?

[Steve]

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?

What sort of role was has he got in mind?
Is he looking to invest financially, or is he contemplating working on a kind of 'affiliate' position where he would earn comission on jobs/contracts he puts forward?

[zaxparrow]

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. com.  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 www. JoinMGP. com for exchange of ideas in the real estate business

[Steve]

Thank you for that reply zaxparrow.  A very useful and informative post for people in the same position as opelsan  :)