AGENT FAQs Q: What is the process for referring a potential agent through the Program? A: As a Sponsoring Agent, you will need to send the potential recruit a unique link to the Referral Rewards Interest Form where they will be required to confirm their contact information and identify a destination office. To be eligible for Referral Rewards Commission Payments, this form must be completed and submitted prior to the Recruited Agent’s affiliation date with a participating Coldwell Banker office. Q: Is there a limit to how many agents I can refer? A: No, there is no limit to the number, nor is there a Referral Rewards Commission Payment cap. Referral Rewards Commission Payments will be equal to 1% of the Recruited Agent’s adjusted gross commission income (AGCI) on closed transactions following the Recruited Agent’s date of association until either you or the Recruited Agent are no longer affiliated with a participating Coldwell Banker company for any reason. Q: Can I refer an agent to a Coldwell Banker Realty company? A: Yes. A Sponsoring Agent can refer a Recruited Agent to a Coldwell Banker Realty owned office if the Coldwell Banker Franchised Office where the Sponsoring Agent is affiliated with participates in the Referral Rewards Program. The Referral Rewards Commission Payment is the equivalent of 1% of the Recruited Agent’s adjusted gross commission income (AGCI) on all closed transactions for as long as you both remain associated with a either Coldwell Banker Realty Office or a participating Coldwell Banker Franchised Office. Q: Can more than one agent sponsor the same agent? A: Yes, two agents can co-sponsor the same agent. In this scenario, the two Co-Sponsoring Agents must be identified on the Referral Rewards Interest Form at the time it is submitted and will equally split the Referral Rewards Commission Payments. If one of the Co-Sponsoring Agents leaves the company, the remaining Co-Sponsoring Agent will continue to receive their 0.5%. Q: Can I refer an agent who was previously affiliated with the company? A: An agent is not eligible to be a Recruited Agent if the agent was affiliated with an Anywhere Brands/Anywhere Advisors company (e.g. a Corcoran®, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, ERA®, Sotheby’s International Realty®, and Better Homes and Gardens® Real Estate brokerage) within six (6) months of their new affiliation date, or is an agent who qualifies for other recruitment incentive programs offered by Coldwell Banker. The only exception is where an agent affiliated with a Coldwell Banker company is relocating to a different geographic area. In such case the affiliated Coldwell Banker agent may qualify as an Eligible Recruit under the Program, if: (i) their new Coldwell Banker office location is a minimum of 100 miles from the prior office and the new office location is not owned by the same company as the prior office, and (ii) there are no office locations owned by the same company as the prior office within 50 miles of the new office location.
CBReferralRewards.com
See www.mycbdesk.com for complete terms and conditions which can be amended by Coldwell Banker Real Estate LLC at any time. Some restrictions apply. See Program Terms for specific terms and conditions. Participation in the Program does not guarantee continued association with Coldwell Banker Real Estate or earning referral commission income. Referral Rewards Payments under this Program shall cease upon disassociation of Sponsoring Agent or Recruited Agent for any reason. Materials, programs or meetings that are not for compliance purposes are optional for your use as an independent agent affiliated with a Coldwell Banker®, a Coldwell Banker Commercial® franchised office, or a company owned Coldwell Banker® brokerage. Your use is not required for your continued affiliation with a Coldwell Banker company. ©2022 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Anywhere Advisors LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.
Q: As a Sponsoring Agent, how will I know when I should expect qualifying referral commissions? A: Sponsoring Agents will receive an email notification when they have earned a Referral Reward Commission Payment on a Recruited Agent’s closed transactions reporting in the Coldwell Banker Reporting System. Sponsoring Agents must be affiliated with a participating Coldwell Banker Office at the time the Referral Reward Commission Payment is made. Q: I recruited an agent through the Referral Rewards Program. If I move my license to referralonly status, am I still eligible to continue receiving Referral Rewards Commission Payments based on the Recruited Agent’s adjusted gross commission income? A: Yes, if you move your license to referral-only status, you are still eligible to receive Referral Rewards Commission Payments until either you or the Recruited Agent are no longer affiliated with a participating Coldwell Banker company for any reason. Q: If a Recruited Agent moves their license to referral-only status, am I still eligible to continue receiving Referral Rewards Commission Payments based on their referral commission income? A: Yes, Recruited Agents who transfer to referral-only status will continue with the Program and the Sponsoring Agent will continue to receive program benefits for that individual as long as their license remains in referral-only status with a participating Coldwell Banker Office. Q: Can I refer an agent who is licensed with the Coldwell Banker Realty Referral Network? A: No, an agent who places their license with the Coldwell Banker Realty Referral Network is already considered to be affiliated with the Coldwell Banker® network and therefore is not eligible to become a Recruited Agent through the program. Q: What happens if I or the Recruited Agent disaffiliates from a participating Coldwell Banker Realty Office? A: You will no longer be eligible to receive Referral Rewards Commission Payments. Team Related Q: Can I refer an agent(s) to a team? A: Yes, sponsoring an agent onto a team is permitted through the Program. However, a Sponsoring Agent is only eligible for Referral Rewards Commission Payments on closed transactions for the portion of the commission that is shown or attributed in the Coldwell Banker Reporting System as being paid to the Recruited Agent team member. Q: If I refer an agent to a team, am I eligible to earn Referral Rewards Commission Payments on the entire team’s production? A: No, you are only eligible for Referral Rewards Commission Payments with regard to the specific Recruited Agent, not the entire team.
CBReferralRewards.com
See www.mycbdesk.com for complete terms and conditions which can be amended by Coldwell Banker Real Estate LLC at any time. Some restrictions apply. See Program Terms for specific terms and conditions. Participation in the Program does not guarantee continued association with Coldwell Banker Real Estate or earning referral commission income. Referral Rewards Payments under this Program shall cease upon disassociation of Sponsoring Agent or Recruited Agent for any reason. Materials, programs or meetings that are not for compliance purposes are optional for your use as an independent agent affiliated with a Coldwell Banker®, a Coldwell Banker Commercial® franchised office, or a company owned Coldwell Banker® brokerage. Your use is not required for your continued affiliation with a Coldwell Banker company. ©2022 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Anywhere Advisors LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.
Q: If a team dissolves, will I be eligible for Referral Rewards Commission Payments for agents who I recruit to the team? A: Yes, your Referral Rewards Commission Payments will continue according to the Program Terms. Q: What if I have more questions about the Referral Rewards Program? A: Contact your Broker if you have additional questions about the Program.
CBReferralRewards.com
See www.mycbdesk.com for complete terms and conditions which can be amended by Coldwell Banker Real Estate LLC at any time. Some restrictions apply. See Program Terms for specific terms and conditions. Participation in the Program does not guarantee continued association with Coldwell Banker Real Estate or earning referral commission income. Referral Rewards Payments under this Program shall cease upon disassociation of Sponsoring Agent or Recruited Agent for any reason. Materials, programs or meetings that are not for compliance purposes are optional for your use as an independent agent affiliated with a Coldwell Banker®, a Coldwell Banker Commercial® franchised office, or a company owned Coldwell Banker® brokerage. Your use is not required for your continued affiliation with a Coldwell Banker company. ©2022 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Anywhere Advisors LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.