Recruiting Referral Rewards

The Riviera Agent Referral Rewards Program.    Attracting and hiring quality agents into the Company is in everyone’s best interest. Recognizing the important role that Associates play in this endeavor, the Company will reward an Associate who is instrumental in bringing a new Sales Associate into the company by paying that Associate a cash bonus.  A new Sales Associate is defined as any real estate licensee who has not been affiliated with the Company within the previous twelve months. The amount of the bonus will be based on the new Associates documented income derived from real estate sales during the 12 month period preceding the date the Associate is hired.  

Only one bonus will be paid for any Associate referred and hired.  All potential recruits must meet the standards expected of CBRR Associates. The bonus will be paid upon the new Associate’s first closing.  However, should the referred Associate leave the Company prior to earning the minimum income on which the bonus was based, the amount of the paid bonus will be charged back and recovered by the Company.  Accounting shall establish a system to ensure recovery of paid bonuses in the event the Associate leaves the Company prior to earning the minimum supporting income.                                                                                                                                           

At the time of hiring a new Associate, the hiring Office Manager shall email the Accounting Department, cc Senior Management and the Associate entitled to the Bonus, using the Recruiting Bonus Notification eMail Template.  Additionally, the Office Manager shall notify Accounting that a recruiting bonus is payable, including the amount, at the time of the referred new Associates first closing. 

The Coldwell Banker Agent Referral Rewards Program.  Referral Rewards is a powerful Wealth Builder program that helps you generate a passive revenue stream by introducing other successful agents* to a career with Coldwell Banker®. You share in the success of the agents you recruit, receiving a Referral Rewards Commission Payment equivalent to 1% of their adjusted gross commission income (AGCI) on closed transactions.

To be eligible for this program, the agent you refer cannot have been affiliated with the Coldwell Banker brand or any other Anywhere Real Estate brand within the past six months, or qualify for other recruitment incentive programs offered by Coldwell Banker. 

SUBMIT A REFERRAL NOW - Agent Submission Form

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