Referral System and Transition Loans
NEXA offers a robust referral system that allows you to earn compensation even if you're not licensed in a particular state. For instance, if you have a loan in Arizona, you can use the Arizona dropdown to select your preferred support coach and refer the deal to them. This system ensures that you still receive 25% of the total compensation from the transaction, regardless of the amount, without having to manage the transaction yourself.
The referral process is straightforward: you simply provide a name and number, and the support coach handles the rest. This is particularly beneficial if you're not licensed in the state where the loan is being processed.
Transition loans are another key feature of NEXA's offerings. If you're in the process of joining NEXA and your license hasn't been finalized, you can still get your loans into the system. Transition officers will manage these loans, allowing you to earn the majority of the compensation once your license is active. They receive 75 basis points for handling the transaction, while you gain valuable insight into the process, making it an excellent training opportunity.
This system not only facilitates smooth transactions but also provides a seamless transition for new members, ensuring they are well-prepared and confident in their roles.