About Us

Innovative Referral Group, LLC (IRG) was formed as an independent referral brokerage to provide easy accessibility for Referral Licensees to refer business within New Jersey and Nationwide, as well as Internationally.

It allows Referral Associates to generate income and maintain their active real estate licenses. IRG is a vehicle that allows holders of New Jersey real estate licenses who are not functioning as full-time professionals to reap the benefits of referring real estate opportunities--listings and sales.

IRG Referral Associates will not personally list or sell real estate but can offer all real estate services by referring customers/clients through IRG. Referral Associates, like Sales Associates, are independent contractors and are responsible for paying their own business costs, expenses, and applicable taxes.

IRG Referral Associates are not required to live in New Jersey; however, they must retain their New Jersey Real Estate License.

IRG is independent and not affiliated with any Realtor organization and thus Referral Associates are not required to join local multiple listing services or any Board of Realtors.

Who Can Join?

Current Sales Associates. Active Sales Associates with another Broker may transfer their license to IRG. Sales Associate would be responsible for the license transfer fee to the State Treasurer of NJ.

New Licensees. New licensees may join IRG upon the successful completion of their NJ Real Estate exam. A new licensee would be responsible for applicable fees to the State Treasurer of NJ. NOTE: Licensees who first time activate their license directly into referral status, may not move to “active” status after a period of 6 years has passed.

Sales Associates with Inactive Licenses. Sales Associates who have escrowed their licenses at the Real Estate Commission may reactivate their license into IRG. The associate would be responsible for the reactivation fee to the State Treasurer of NJ.

License Status. The Referral Licensee acknowledges that their license status at the NJ REC will become that of “referral status” and that if they wish to re-activate in the future to “active” status, they would be responsible for completing any Continuing Education requirements at that time before re-activation. Licensees who first time activate their license directly into referral status, may not move to “active” status after a period of 6 years has passed.

  • Each Innovative Referral Group applicant must:

  • Complete an IRG Profile Form

  • Choose a plan

  • Pay the IRG Affiliation Fee every two years, which may be prorated for the first term of membership plus any fees charged by the New Jersey Real Estate Commission to activate or transfer the initial license. On the next renewal cycle, the licensee will be billed affiliation fee every two years and the NJ Real Estate Commission license fee.

  • Sign an Independent Contractor Agreement.

  • Complete a W-9

Affiliation Fee. IRG agents may choose their affiliation fee/compensation plan. Charges for the affiliation fee are due June 1 every other year (coinciding with the NJREC license renewal, which falls on odd years i.e. 2021). IRG will bill all Referral Associates for each licensing cycle. The fee for new Referral Associates may be pro-rated less licensing fees.

NJ Real Estate Commission License Renewal Fees. IRG will bill Referral Associates the applicable License Renewal Fee which is due to the NJ Real Estate Commission every odd year. Currently, the renewal fee for Referral Associates is $100.

If the IRG Referral Associate does not renew their IRG affiliation and NJ REC License Fee, IRG will return their license to the NJ Real Estate Commission to be placed in escrow.

PLACING A REFERRAL

To place a referral, the Referral Associate should contact an Innovative Referral Group representative. The representative will assist in the selection of a Broker/Sales Associate in the appropriate area. Referral Associates are free to choose who their referrals go to on a one-by-one basis or form exclusive relationships with any Broker/Sales Associates they choose. All referrals sent by IRG Referral Associates MUST be in writing and signed by IRG Broker.

INNOVATIVE REFERRAL FEE

IRG pays its Referral Associates a portion of the referral fee collected at settlement. IRG typically charges a 25% referral fee on the referred side of the commission to the Broker. Innovative Agents will receive the percentage split according to the plan they have chosen of the total referral fee collected.

MISCELLANEOUS

Business Cards. Business cards can be used by IRG for Referral Associates. Cards must be approved by management before use. All Referral Associates are encouraged to purchase them to promote their referral business. No other form of advertising can be created by the Referral Associate without prior written approval by IRG.