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What is a Limited Function Referral Only Brokerage/Agent?

April 26, 2017agent brokerage function limited referral

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What is a Limited Function Referral Only Brokerage/Agent?

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Referral Agents of Texas LLC is a Limited Function Referral Only (LFRO) Brokerage. Our agents do not provide brokerage services; they are simply paid for their referrals. Since LFRO agents do not provide brokerage services, they do not have to pay any of the usual costs associated with being a traditional agent.