Agent Frequently Asked Questions
What is Realty Connect?
Realty Connect is a “referral only” real estate brokerage created to provide non-practicing agents a place to hang their license with a system in place to protect all the hard work and investment they have made in the real estate industry. Our agents maintain the ability to generate income through referrals. It is suitable for licensees who do not want to actively work in real estate but want to keep their license active and generate income.
How does this process work?
Our process is simple. Just submit your referrals to Realty Connect and we’ll connect your clients with up to 3 agents from our network of top-performing agents nationwide, based on the client’s unique needs and the skills & strengths of the agent. We manage the entire process and pay you a 25%-75% referral commission when the deal closes.
What is a referral agent?
A Referral Agent is a licensed real estate agent whose services are limited to referring clients for the purposes of commencing a real estate transaction. They do not actively solicit or engage in the sale of property.
How do I know if I should join?
If you do not actively sell real estate but want to maintain an active license, we are perfect for you.
I just passed the real estate exam. Can I join?
Absolutely. Newly licensed agents are welcomed.
Can I send my referrals to a specific agent?
Absolutely! Although we handpick network members and monitor their performance to maintain quality, many agents ask “Can I choose the agents my referrals go to?” The answer is yes and the benefit to this is that you can negotiate any referral fee percentage that is agreeable between you and the agent you’re referring this business to. However, if you select your own agent, be aware we have not vetted these agents and are unable to verify the high-quality standards we have for our network agents. Also, our ability to manage, track, service, and account for your referral as well as the collection of the referral fee requires extra time and effort from our service team since they are not in our network. For that reason, if you select your own out-of-network agent, YOU will be responsible for securing an executed referral agreement (click here) that will need to be signed by agents and principal brokers of both firms. Any verbal agreement not in writing and signed by the 2 principal brokers of BOTH firms is completely unenforceable. Also, please note you will need to have an executed referral agreement in place for EACH client and EVERY transaction you refer AND you need to provide us a copy of that referral agreement signed by that agent’s broker. Otherwise, Realty Connect will legally lose ALL ability to collect any referral fee on your behalf. If you choose your own agent, please specify in your referral agreement whether your referral is buying only? Selling only? Buying and selling? Since we are relying on you for these details, we’re unable to assume any liability if you do not complete the referral agreement as instructed above or if important details are missing that would affect our ability to collect a referral fee on your behalf.
What states are you licensed in?
Realty Connect is a licensed brokerage in VA, MD, DC & FL. However, our network covers every zip code in all 50 states. We have over 15,000 “top 5% rated” agents in our network and can match your referral anywhere in the U.S.
Do I have to join the local MLS, Real Estate board or NAR?
No. Agents who join Realty Connect are not REALTOR® members and do not have access to the MLS.
Do I have to continue to take CE education?
Yes. Agents who join are required to keep their license active which includes taking the required CE education for renewal.
How much is the yearly membership fee?
Our cost to you is a $100 yearly membership fee which covers holding your license for a 12-consecutive month period.
Are there any other costs?
There is also a one-time license transfer fee that is paid directly to the state. Once you’re a Realty Connect agent, you will earn 100% of your referral fee – $295 transaction fee for referrals placed in our network. That’s it! No other fees!
What if I decide to go back into selling real estate?
Just email us to let us know and simply file a new transfer application signed by your new broker.
Can I get a referral on the sale/purchase of my own home?
YES! You would refer yourself just as you would any other buyer or seller.
Do you provide business cards?
No, but we allow our agents to purchase their own business cards through JCI Media. For 500 cards, the cost is $60. For 1,000 cards, the cost is $75. Both include taxes, shipping, and a predetermined Realty Connect design. Please contact JCI at firstname.lastname@example.org.
Do I need to be licensed?
Yes, you must be a fully licensed agent in good standing (current with C.E. requirements) to join Realty Connect and/or receive a referral fee. It is unlawful for any broker to employ or compensate, directly or indirectly, any person for performing licensed activity unless that person is a salesperson licensed (or associate broker) to the principal broker. A salesperson may not accept compensation for licensed activity nor pay compensation for licensed activity except through the broker under whom he/she is at the time licensed.
Can I also keep my license with another broker?
No, a referral agent cannot simultaneously hold an additional license as any type of salesperson, associate broker, employing broker or broker-of-record.
What if my license is expired or inactive?
If you fail to renew your license on-time (prior to your license expiration date), you may renew your license during the late renewal period immediately following your license expiration date. However, you cannot perform activities requiring a real estate license or receive a commission until your license has been renewed. To determine what is needed to renew or activate your license, contact the real estate commission in your state here Licensing Information.
Can I list homes and/or represent buyers?
No. Realty Connect agents may ONLY refer their leads and earn referral commission fees. Listing homes and/or representing buyers is NOT permitted. To do so would be a violation of Realty Connect TERMS & CONDITIONS and would result in immediate license termination, forfeit of any/all referral commissions, and appropriate legal action. If you ever want to become an active agent, no problem! Simply let us know and we’ll help you transfer your license to another firm. You can cancel your membership or transfer to another broker at any time.
How can I share Realty Connect with others?
Send us an email and tell us about your experience. You can also post about us on Facebook, LinkedIn or other social media channels. We depend on (and welcome) your feedback!
If I still have questions, can I talk to a real person?
Yes. Our support team can answer any questions or walk you through the entire process – from opening your account to tracking your client/referral’s progress. We are available 7 days/week 8am-8pm EST at 703-349-1270.
Does Realty Connect have a real estate broker license?
Yes, Realty connect is a licensed broker in the state of VA, MD, DC & FL. However, we have the ability to match clients and top agents in EVERY zip code in all 50 states.
What if I don't like the agents you choose for my client?
Every real estate agent that we select for your clients is of the highest caliber, but we pride ourselves on finding the right fit. If we need to refine matches, we will. Simply give us a call or send us an email and we will work with you until you and your clients are completely satisfied.
How much will my client have to pay?
Our service is completely free to your client.
What portion of the referral process do you manage?
We do all the work for you. Just submit your request, and we’ll send your clients up to 3 top agents within one business day once we’ve contacted them to verify interest. We have personally researched and qualified every REALTOR® in our network. Referral agreements are already in place, and these agents are committed to providing the best possible experience for you and your clients.
Can I only submit "hot" referrals?
No. Submit any referrals you wish – hot or cold. We’ll contact each one to determine interest level and viability. If your referral is ready for an agent, we’ll take it from there.
What type of clients/referrals can I submit?
- Friends, family & people you know
- Past clients
- Your own transactions
- Social media contacts
- Chance encounters
- Professional contacts
- Service provider contacts
- Raw leads (internet advertising)
- Corporate relocation
- Organizations, associations, groups
How do I know that I can trust the caliber of your agents?
We personally research and recruit all of our agents based on their location, property focus, and annual results. Agents must be invited into our network, based on stringent requirements, and they cannot pay to join. Referral agreements are already in place, and our agents are familiar with the entire referral process. Our agents have an average of 8 years/experience, $10 million in sales and have completed over 18 transactions in the last 12 months. These are pros who know how to take a referral and close it! They’re trained to act quickly to ensure the best possible experience for you and your clients.