Get paid after retiring from the real estate business

Barnabyy

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?

**kym**

Make an introducer agreement with a successor agent whereby he gets a portion of the commission (say 10-20%) for each successful referral of a client? You would need to check the legality of such an arrangement, but it is commonplace in other businesses - i.e. accountants referring to IFAs and vice versa. HTH.