Founder portrait context
Our Story & Mission

Not a place where leads go to die.

LFRO Partners was built for licensed agents who want to operate differently — not park a license and hope.

The Problem
Traditional real estate wasn't built for most agents.

Every year, agents pay Association and MLS dues, E&O premiums, and desk fees before they've closed a single deal — and most of that risk buys almost nothing. The industry's own data shows why.

$49,670
Median REALTOR® net income after ~$9,530/yr in expenses (NAR, 2025)
62%
of agents with 2 years or less experience earn under $10,000/year (NAR, 2025)
80%
of all transaction volume nationally goes to the top 30% of agents (Relitix)
33.6%
of ~12,000 active agents in Northeast Florida's MLS closed zero transactions in 2025 (realMLS)

Even "agent-friendly" flat-fee brokerages don't escape the pattern — RealTrends' 2026 rankings found eXp's top-recognized teams capturing 97% of that group's total volume. The productivity gap doesn't close with a different commission structure. It closes with a different model entirely.

Why We Built LFRO Partners
You didn't fall out of love with real estate.

You just need a way to stay in it that fits your life now.

Maybe full-time active sales isn't the right chapter for you right now — family, health, a career change, or just wanting your time back. That doesn't mean giving up the relationships, the income, or the industry you've spent years building. You still love real estate. You still love helping people find their next home. You just need a different way to stay in it.

That's exactly what we built LFRO Partners to be — and we're anxious to help you get there.

We were traditional agents ourselves for many years before moving into management at one of the nation's leading publicly traded real estate firms. Running that company's referral program, we learned how to build networks that close at up to a 78% rate. We've seen this industry from both sides — as producing agents, and as the executives responsible for turning referrals into real, reliable income at scale. LFRO Partners is what we built so agents like you never have to choose between this industry and the rest of your life.

Who's Built To Help You
"We've stood where you're standing. We built LFRO Partners to help you keep building — on your terms."
Ray Garrett, MBA, ATFA
Accredited Trust and Fiduciary Advisor
Co-Founder & CFO · LinkedIn
Lisa Klutz
Managing Broker · LinkedIn
What Is an LFRO?
The structure isn't new. Our approach is.

A Limited Function Referral Office (LFRO) isn't a new idea — it's a recognized brokerage structure built specifically for referring business, not managing transactions. It's what keeps you 100% compliant while you refer, without the liability of running a full-service deal.

What's different is the model we built inside that structure. Most LFRO firms exist so agents can quietly keep a license active on the off chance a referral comes along. We built ours for agents who want to treat referrals as a real, active business — with the education, the network, and the income to match.

Our Vision
Real, lasting income for agents and their families — without asking them to trade time with the people they love to get it.
The Idea Behind Revenue Share
Referrals, taken one step further.

At its core, this business is about referrals — something we already do every day without thinking twice about it. You tell a friend about a restaurant you loved. You tell someone about a shampoo you swear by. A referral is really just facilitating a handshake between two people who'll be glad you made the introduction.

We asked a simple question: what if we blended that everyday instinct with a proven system for vetting and placing qualified agents — and then took it one step further, so you could refer the agents themselves?

That's where revenue share was born.

See exactly how it works →