Joining the New Jersey Real Estate Referral Group

 
 
Interested in Joining?



The process of joining New Jersey Real Estate Referral Group is easy and simple to do, however the forms and fees vary depending on your current license status.  Please see the examples and information below to help determine what is needed to join or call us directly at 732-396-3995 and we’d be happy to help you figure it out.

Click here
to download our new member application packet.

Please note If your license is currently active with another broker, you will need to contact your broker and have them terminate your existing license prior to transfer into referral status. In New Jersey, a broker can simply log into their myNewJersey account and release your license instantly. This termination is FREE and INSTANT and outside of extraordinary circumstances, there is no reason this process cannot be handled within a 24 hour time frame.


 
 
 
 

Membership in the NJRERG and Annual Associated Fees

 
  Membership in the New Jersey Real Estate Referral Group is just $100 per year. This $100 guarantees that your license will remain ACTIVE in referral status and will be renewed bi-annually by the NJRERG. Should you refer (1) closed transaction in any calendar year, your $100 membership fee is waived in the following year and your license will remain active that year for FREE!

 
     
 
 
 

Fees if License is Active with a Broker or the State

 
 
Salesperson License

 

Fee to transfer a salespersons license
$200 Membership Fee (Covers 1st two years of membership)
$50 NJ Change of License Fee
$25 NJ State Transfer Fee

 

FORMS NEEDED
Referral Agent Information Sheet
Independent Contractor Agreement
NJ REC Form 002  (if you live out of state fill out page 4)
  Total Amount: $275 

     
Brokers License
  Fee to transfer a broker’s license
$200 Membership Fee (Covers 1st two years of membership)
$50 NJ Change of License Fee
$25 NJ State Transfer Fee

  FORMS NEEDED
Referral Agent Information Sheet
Independent Contractor Agreement
NJ REC Form 002  (if you live out of state fill out page 4)
  Total Amount: $275 

 
     
 

Fees if License is Already in Referral Status

 
 
Referral Salesperson License
  Fee to transfer a salespersons license
$200 Membership Fee (Covers 1st two years of membership)
$25 NJ State Transfer Fee

  FORMS NEEDED
Referral Agent Information Sheet
Independent Contractor Agreement
NJ REC Form 002  (if you live out of state fill out page 4)
  Total Amount: $225

     
Referral Brokers License
  Fee to transfer a broker’s license
$200 Membership Fee (Covers 1st two years of membership)
$25 NJ State Transfer Fee

  FORMS NEEDED
Referral Agent Information Sheet
Independent Contractor Agreement
NJ REC Form 002  (if you live out of state fill out page 4)
  Total Amount: $225

 
     
 

Fees if License Is Expired and Inactive (Being Held By State)

 
 
Salesperson License
  Fee to reinstate and transfer a salespersons license
$200 Membership Fee (Covers 1st two years of membership)
$150 NJ Reinstatement Transfer Fee
$50 NJ Change of License Fee

  FORMS NEEDED
Referral Agent Information Sheet
Independent Contractor Agreement
NJ REC Form 002 (if you live out of state fill out page 4)
  Total Amount: $400

     
Brokers License
  Fee to Reinstate and Transfer Brokers License
$200 Membership Fee (Covers 1st two years of membership) ($75 plan used for example)
$250 NJ Reinstatement Transfer Fee
$50 NJ Change of License Fee

  FORMS NEEDED
Referral Agent Information Sheet
Independent Contractor Agreement
NJ REC Form 002 (if you live out of state fill out page 4)
  Total Amount: $500 

 
     
 

Fees if License is Brand New

 
 
New Real Estate Salesperson License
  Fees For Initial  License Application
$200 Membership Fee (Covers 1st two years of membership)
$160 NJ License Application Fee

    Associated Paperwork
Referral Agent Information Sheet
Independent Contractor Agreement
Original Pass Notice - Signed by broker Rudolph Daunno
Original Fingerprinting Form w/Original Receipt Attached
  Total Amount: $360

     
New Real Estate Brokers License
  Fees for new Broker’s License Application
$200 Membership Fee (Covers 1st two years of membership)
$270 NJ License Application Fee

    Associated Paperwork
Referral Agent Information Sheet
Independent Contractor Agreement
Original Pass Notice - Signed by broker Rudolph Daunno
Original Fingerprinting Form w/Original Receipt Attached
  Total Amount: $470

 
     
     
 

Commission Plan

 
 

It is important to remember that real estate referrals can go to any agent or agency in the country.

That said, should our referral agents have a referral partner they are comfortable working with from outside of our pre-qualified network, we encourage them to maintain their relationships. In these scenarios (called an out-of-network referral), the $100 membership fee entitles the agent to an 80/20 commission split.

Should the agent’s referral go to one of NJRERG’s in-network pre-qualified referral partners, the split on the referral becomes 90/10. The reasoning behind this is simple. If these transactions do not close, no one gets paid. By using one of our pre-qualified, top producing Realtors, we have a much higher probability of closing the transaction. In either scenario, assuming the referred transaction closes, the following year’s membership fee is waived and the agent maintains their license for FREE. Yes, you read that correctly! It can literally cost you nothing to keep your license active with the New Jersey Real Estate Referral Group.

 
 

Commission Examples

 
  Out of Network Example  
  Should you decide to send your referral out of network, you are still entitled to 80/20 commission split.
These referrals can go to any agent or any agency in the country.
Should your referral end in a closed transaction, your membership fee is waived in the following year and your license remains active for free!
Out of Network Example:
Gross Commission: $10,000
Referral fee: 25% of the gross commission.
Net to Referral Agent referring outside of network: $2000!

 
  In Network Example  
  90/10 commission split should your referral go to an “In-Network” referral partner.
Should your referred deal close, your $100 fee is waived and you owe $0 the following year.
Gross Commission: $10,000
Referral fee: 25% of the gross commission.
90% net to Referral Agent or $2250!

 
     
  The Real Estate Commission Does Not Accept Personal Checks
Make Checks Payable to: NJ Real Estate Referral Group
or fill out the package below and pay via credit card.
Click Here for our New Member Packet
Please mail completed packets to membership@njrerg.com

Send All your Completed Forms and Fees to:
NJ Real Estate Referral Group, LLC
Attn: Brandon Daunno
1142 Raritan Rd
Clark NJ 07066


If you would like more information or have any questions please feel free to call us at 732-396-3995
or contact us using the form below.
 
 
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