Agent Referral Program
year 1
3% % of Referred Agents GCI
year 2
2% % of Referred Agents GCI
year 3
1% % of Referred Agents GCI
A word from Chris & Damien We are excited to announce the introduction of the 3-2-1 Referral Program into our business as it continues to expand. One of McGrath’s great strengths is that we have the highest concentration of talent in the industry and we are committed to nurturing and developing agents and attracting and welcoming new talent. We believe great people know great people, and it’s important to reward our team members from all areas of the business for introducing us to the next generation of McGrath agents. We think this is a wonderful initiative and opportunity for everyone to share in the growth of our business and collectively take a great interest in the traction and success of our team.
Introducing 3-2-1 Agent Referral Program 3-2-1 is an Agent Referral Program, that financially rewards any team member who introduces a new Commission Only Sales Agent to the business. Refer to T&Cs for further details.
How much can I earn? The program is annuity based and is ongoing whilst you and the recruited agent are engaged by McGrath (Chris Pace & Damien Michael). Provided the referred agent is employed for a minimum of one year, the referral reward is: Period
Referral Reward
First Year
3%
Year 2
2%
Year 3 and onwards
1%
* % of referred agent’s GCI
For example, if you refer an Emerging Agent who writes $150k GCI in their first year, you would receive $4500 after year 1. After year 3, you would have received a total of $9,615, and after year 10 you would have received a total of $28,556! (Based on the new Agent growing their GCI by 10% year on year and you are both still employed by McGrath.) Apply the same growth rate to a referred Pinnacle Agent who makes $600k in their first year and you would receive $18,000 after year 1 and a total of $114,225 After year 10!
Year
Emerging $150K GCI
Momentum $300k GCI
Pinnacle $600k GCI
First Year
$4,500
$9,000
$18,000
Year 3
$ 9,615
$19,230
$38,460
Year 5
$13,808
$27,615
$55,231
Year 10
$28,556
$57,112
$114,225
*Figures are cumulative and assume the referred agent would grow their annual GCI 10% year on year
$250k • Pinnacle $600k GCI $114,225
$200k
• Momentum $300k GCI • Emerging $150k GCI
$150k $55,231
$100k
$57,112
$38,460
$50k $
$27,615
$19,230
$18,000 $9,000 $4,500
$28,556
$13,808
$9,615
Year 1
Year 3
Year 5
Year 10
*Figures are cumulative and assume the referred agent would grow their annual GCI 10% year-on-year.
I have an Agent to refer – what do I do next?
1. Send an email introducing the agent to the Sales Manager
2. Play an active role in the recruitment process
3. Be nominated by the recruit as the reason they joined McGrath