Real Select: Referral-Only Agent - FAQs

What activities can I conduct as a referral-only agent?

• You cannot conduct any real estate activities including, but not limited to, sitting open houses, letting appraisers, inspectors, photographers, etc. into homes, negotiating, writing/editing contracts, any licensed assistant duties, etc.

Do I have to do my continuing education as a referral-only agent?

• Yes, you must keep your CE current and your license must remain active.

Can I stay on my team?

• No - you must either stay on your team OR you can move to Referral-Only and be an independent agent.

As an agent licensed in multiple states, can I be on a team in one state and be a referral-only agent in another state? 

• Yes. You just can't be on a team in the state in which you are a referral-only agent.

Can I transition to referral-only if I have non-referral-only transactions that have not closed?

• No. To qualify for referral-only, you cannot have any non-referral-only transactions that have not closed. You will have to wait until they have all closed before you will be able to make the transition.

Can I still get my referral commission deposited into my LLC?

• How you have set yourself up in reZEN and the payment system will not change when you transition to the referral-only program.

Will I still be receiving a 1099?

• Yes

Will I be required to join an MLS/Board/Association as a Referral-Only Agent?

• You will not be required to join your local MLS/Board/Association as a referral-only agent. If you are a current agent transitioning to the program, you will be able to cancel those memberships after the transition has been completed.

Who do I connect with when I want to start transacting and move out of Referral Only?

•  If you wish to transition back to being a standard agent, you will need to reach out to support@therealbrokerage.com and also re-join your local board / MLS.

Will I have the opportunity to select a new sponsor if I've been Referral-Only longer than a year?

• No - there are no changes to the sponsor when you move out of Referral Only. Your sponsor will stay the same. 

Can I be sponsored as a Referral-Only agent in one state while holding an active license membership in another?  (multi-licensed agents)

• Yes - you may have your licenses as Referral Only in one state and active in another.

Am I able to keep my website up?

• You can maintain your website but will need to ensure it's updated to reflect your status of Referral Agent. We recommend updating your "Message Title" and "I Work With" sections of your Real Website. Guidance on how to edit your landing page can be found here. 

Am I still able to attract agents to Real and earn Revenue Share?

• Yes!

Will I still be eligible for the Elite Status and Awards if I do enough Referral transactions?

• Yes, if you generate enough volume you can still hit Elite.

Does a referral transaction count toward opening a Sponsor's tiers?

• Yes, a referral transaction will count toward opening a Sponsor's tiers. The sponsee agent must be a producing agent to open a Sponsor's tiers. This means they must have paid a minimum of $450 in splits or post-cap fees to Real within the past 6 months.

Is there any length of time in which I must stay with the referral-only program?

• No. However, if you join the referral-only program and then switch back to a standard agent, you cannot change back to referral-only for a minimum of 90 days. Also, upon changing back to a standard agent, your MLS/Board/Association dues will be required to be paid immediately for you to remain active with the brokerage.

As an admin, can I put my license in referral-only status and still be an admin for the team?

• No. If you are licensed with Real and you have your license in Referral Only status, you cannot conduct any real estate activities - including being an admin on a team.