Click here to become a sponsoring broker.
Referral Group Incorporated was established as an alternative for agents who no longer wish to be full time in real estate but would like to continue to legally earn commissions by placing qualified referrals to full time sales agents.
You can send us your agents who no longer wish to be full time agents or are considering becoming "inactive" agents. Many agents who have not been productive sales agents in full service real estate agencies can find success as referral associates.
When you sponsor agents with Referral Group Inc., they can refer their leads back to your office. What are the benefits to you, the broker? There are many benefits to your company when you sponsor an agent with us, including:
- There are no costs to you for sponsoring an agent (only the agreed upon referral fee when a transaction has closed.)
- You can build a network of licensed real estate agents who no longer wish to be active but can generate referrals and income for your office. Your full time sales agents can sponsor referral agents who will prospect for leads that are referred back to your office.
- We are the broker for the sponsored agents. We handle everything for these agents: payment of referral commissions to them, 1099's at tax time, license renewals, etc.
The following is needed for a licensee to join our company:
Depending on the status of the salesperson's or referral agent's license, you must also send us either:
- For Transfer: Current Broker needs to inactivate your license with the New Jersey Real Estate Commission's online procedure.
- For Reinstatement: Reinstatement application for inactive salespersons or referral agents. This may be obtained through us or the Real Estate Commission (see Forms page.)
- New License: Pass Notice and Fingerprinting confirmation with receipt attached.
If you have any questions or would like more information on our program and how RGI could benefit your company, please call us at 609-452-0123.