Annual membership is $150 and is renewed each January. There are no additional fees for Multiple Listing Services or Board of Realtor memberships.
NRS Associates must renew their licenses and complete mandatory continuing education courses as required by the state of licensure.
Negotiated referral fees are a minimum of 25% of the referred Sales Agent’s commission. The Referral Associate receives 80% of the referral fee collected from the Sales Agent. The Referral Associate must return to NRS a completed and signed Referral Confirmation Form for each transaction.
No. An NRS Associate can ask for referrals, contact people you know, and assist in contacting your active agent partner to begin the listing or purchase process.
NRS Associates can be licensed in Pennsylvania, New Jersey or Delaware. However, you can generate leads from anywhere in the world!
Solicit already listed property owners
Use the MLS or Lockboxes
Sit Open Houses
Expect a referral commission “after the fact” if the agent has been working with the client before the referral lead was placed
Discuss commission percentages
Qualify the lead – simply get the basic information for the referral to be placed
Provide the client with advice – that is provided by the active agent
Once a Sales Agreement is signed, your partner agent notes your referral fee in the commission breakdown when they submit the paperwork. After settlement a check will be issued directly to you by NRS in that amount.