At some point in your life,
you’re going to want to cash out.
- You want to retire
- You decide to change jobs
- You need cash for a house down payment or college tuition
- Or you just want out
So you call your ISO and give them the “heads up.” And then you hear “No. Sorry. You can’t do that.”
What? How’s that possible? You own your residuals! Well, maybe not.
Check the “fine print” of your ISO contract again.
Did you notice whether you maintained your right to sell your residuals to a third party?
We figure maybe 80% of agents do NOT have the right to shop their portfolio if they decide to cash out. Oh, you may have the option to sell the residuals to the ISO, but you’ll have to accept whatever they’re willing to pay. And who knows if it’ll be equal to the fair market value. You’re stuck with a single bid. Not good.