Identify, recruit, and register new Independent Sales Associates for the opportunity to earn unlimited referral fee commission.
As long as the recruited Sales Associate has not been associated with an NRT company for the past 12 months, he/she is eligible to be recruited as part of this program.
Commission earnings will be equal to 2% of the recruited Sales Associate’s Gross Commission Income per year on transactions that close during the two-year period following the recruited Sales Associate’s date of association. Beginning in the third year, the sponsoring Sales Associate will earn the equivalent of 1% of the recruited Sales Associate’s Gross Commission Income on all closed deals until either Sales Associate is no longer associated with an NRT company for any reason.
As the sponsoring Sales Associate, you must complete and sign the registration form identifying the recruited Sales Associate, and have the form submitted to the Office Manager. The form is valid for 60 days from the date of the referral.
There is no limit to the number of recruited Sales Associates you can sponsor.
Recruits onto teams are now eligible.
A Sales Associate who places their license with an NRT Referral Network company is eligible.
A Sales Associate who places their license with an NRT Referral Network company and recruits a Sales Associate from a company outside of NRT is eligible.
Sales Associates who place their license with an NRT Referral Network company are already considered to be associated with an NRT company and therefore are not eligible to become a recruited Sales Associate in Referral Rewards.
Referral fee commission paid to you, the sponsoring Sales Associates, do not count towards level earnings or awards, but do count towards IRS 1099 earnings.
All self-generated and company-generated business conducted by the recruited Sales Associate will be eligible for Referral Rewards. This includes the recruited Sales Associate’s Gross Commission Income earned on sales and leasing transactions.
This program terminates when one of the Sales Associates (sponsoring or recruited) is no longer associated with an NRT company for any reason.
As the sponsoring Sales Associate, you may sponsor Sales Associates from NRT-owned companies in different markets are eligible to be included as recruit candidates in the program as are Sales Associates from all other non-Realogy associated brokerages in any market. Recruits who are Sales Associates from non NRT-owned Realogy associated brokerages (including Century 21®, Coldwell Banker®, Coldwell Banker® Commercial, ERA®, Sotheby’s and Better Homes and Gardens®), or from another NRT-owned company in the same market, are not eligible to be part of this program. Sponsoring Sales Associates will receive no monies from Sales Associates recruited under these circumstances.
In the event an agent is referred by two Sponsoring Sales Associates, the two Sponsoring Sales Associates will split the Commission.
What I value the most about the Referral Rewards Program is that I have the opportunity to help bring in top producing Sales Associates to Coldwell Banker, a company that provides top-notch training to make sure its Sales Associates are equipped with the best tools in the industry. I am always looking to help recruit good, strong professionals to our office in order to strengthen our business and help increase our exposure, market share and productivity in locations that we may not have a strong presence in. Receiving income from recruiting a new Sales Associate is an added benefit from participating in this program.
Elena Price, Coldwell Banker Residential Brokerage, Westwood, Massachusetts
Coldwell Banker’s Referral Rewards Program is truly great. It’s an unexpected gift that gives you a reason to celebrate a new Sales Associate’s success and the greatness of this business.
Tracy Pina, Coldwell Banker Residential Brokerage, Los Gatos, California
I’ve used the Referral Rewards Program twice and have had a great experience both times. It’s a win-win situation when I’m able to help recruit a new Sales Associate to the office by serving as a resource to help them get started with Coldwell Banker, and once they’ve achieved success in the business, I receive a financial reward. I recommend the program 100% and hope to be able to use it again soon.
Andrea Collins, Coldwell Banker Residential Brokerage, Dallas/Fort Worth, Texas
We’re here to help answer your questions.
Questions regarding the NRT Sales Associate Referral Rewards Program can be directed to the local Office Manager. For more information visit NRTLLC.com.