How It Works
Real Estate Agents & Brokers
As you know, student housing is an enormous contributor to real estate in college towns.
The College Real Estate Network was established to help connect students and their parents with experienced professionals in the university campus area real estate markets. The network was also designed to be a resource and place of information for issues that are important and relevant to student housing.
The college Real Estate Network was originally focused on the sales market and conceived as a place to give student homeowners a place to learn from many of the mistakes that we made during our own personal experience of owning and managing an investment property while attending the University of Texas in Austin. We then expanded our scope to sales and leasing and increased our vision to becoming a comprehensive network resource that covers all student housing needs. If a student or their parent needs to find a place to live, they contact us from our web site. We then have the ability to connect them with someone locally in their college town.
The CRE network is not only a place for students and their parents to find housing but it is also a place for the real estate professionals in campus area markets to network and connect with each other. There is much you can learn from one another as some of you have been active in campus area markets for many years and others are just beginning.
We currently have two opportunities for joining the College Real Estate network. The first is as a general network member and the second as an affiliate member.
Benefits of joining the network as a general member:
- Access to one of the fastest growing communities of college real estate professionals around the country.
- One free copy of our recently released book, "College Real Estate, a real life internship that pays!" a $19.95 value.
- Access to marketing and advertising programs specifically targeted at campus area real estate.
- Full network membership and ability to advertise with our logo.
- Ability to join the network as an affiliate member and receive referrals from a licensed real estate broker.
Benefits of joining the network as an affiliate member:
- All of the previous benefits listed as a network member.
- This membership is for companies that wish to build their business with the ability to receive referrals from a licensed real estate broker. As people visit our web site and fill out the contact form we then refer them to our affiliate members in their territory.
- Affiliate members are given exclusive territories. We will not overlap territories unless the volume of referrals is too great for one company. It will be our discretion if this should happen. In this event referrals will be given on an alternating basis and we will never give a referral to more than one member.
- If you apply for a territory that is currently taken you will be placed on a waiting list and can maintain general network membership until the territory is available.
- We advertise nationally to a variety of University students and Real Estate media outlets. We spend thousands of dollars to make sure that we have a constant and growing number of referrals.
Cost of Membership
For each referral that you are sent there is a 25% referral fee that is to be paid to us from the gross commission before any splits.
Sales Requirements
- Located in a College town.
- Licensed for a minimum of 1 Year.
- Closed at least 1 million dollars in sales the previous year. (if this is not the case please contact us with an explanation)
- Agree to contact every referral within 24 hrs. of receipt.
- Agree to check your email, fax & voicemail once daily.
- Agree to contact the College Real Estate Network immediately if you discover that you will not be able to serve the referred client (agreeing not to refer it to another agent)
- Agree to provide College Real Estate Network with constant updates on the clients we refer to you.
- Agree to pay the College Real Estate Network 25% of the gross commission received by network member on all referrals we refer to you unless other arrangements have been made.
- Each year upon renewal you will be evaluated on performance and customer service.
Affiliate Partner of Leasing
The cost to become our regional affiliate partner of Leasing is $500 for the first year. You will receive 100% of our leasing referrals in your college town. Each year on the anniversary of your affiliate partnership the cost will be adjusted to reflect the approximate value of the partnership. For example, together we will assess the volume of leads that were sent, the quality of leads that were received, and the closing ratio as well as other factors to determine an approximate value. This will help streamline the process of sending referrals without requiring any referral fees for individual clients and thus referral agreements for each client.
In the rare event that you were unable to recover the cost of the affiliate partnership during the year, your affiliate partnership will be extended free of charge for an additional year.
Leasing Requirements
- Located in a College town.
- Licensed for a minimum of 1 Year.
- Agree to contact every referral within 24 hrs. of receipt.
- Agree to check your email, fax & voicemail once daily.
- Agree to contact the College Real Estate Network immediately if you discover that you will not be able to serve the referred client (agreeing not to refer it to another agent)
- Agree to provide College Real Estate Network with constant updates on the clients we refer to you.
- Each year upon renewal you will be evaluated on performance and customer service.
- Affiliate membership can be terminated by us at any point if the level of service is insufficient to meet our referrals needs.
