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4:44 am
April 2, 2009
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romminson
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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?
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5:25 am
April 2, 2009
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mike
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| Member | posts 159 | |
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Ya, it's called EI.
Interestingly enough it's the same hours as being a realtor and you also get to sponge off of others wages as well.
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5:30 am
April 2, 2009
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mike
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| Member | posts 159 | |
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Correction:
That's UI, not EI. Unless the Realtor(R) didn't pay into IE, then, well, he's in the same boat as those he sold peek bubble price properties to.
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2:47 pm
April 2, 2009
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Craig
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romminson said:
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?
Not sure what this question has to do with high interest savings accounts…. but yes there are ways. Your father needs to talk to a lawyer. He should have plenty of legal contacts from his time in the real estate market.
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3:11 pm
April 2, 2009
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jeremywong
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| Member | posts 100 | |
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mike said:
Unless the Realtor(R) didn't pay into IE, then, well, he's in the same boat as those he sold peek bubble price properties to.
It's peak bubble price, not peek(-aboo) bubble price.
Why the vitriol towards realtors? Nobody caused the housing bubble but the buyers and sellers. BTW, he'd be better off than those who bought at the top. Instead of over-paying, he earned a commission.
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4:01 am
April 4, 2009
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tominson
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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 http://www.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 http://www.JoinMGP.com for exchange of ideas in the real estate business.
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