A referral agent is an agent who wants to keep their license active, and doesn’t want to pay MLS Fees, Board Fees, Sentrilock Fees, and E&O Insurance, (about $2500), If that’s you then you can hang your real estate license with Maryland Living Referral Group for $99 a year. Once you’ve signed up, you can refer anyone looking to buy or sell residential or commercial property in the United States to the real estate agent of your choosing. When the sale is closed, you’ll receive your agreed-upon referral fee.
Benefits
BY SIGNING UP WITH Maryland Living Referral Group YOU CAN:
Maryland Living Referral Group charges a flat fee of $299 per transaction.
For Example:
$425,000 Settlement
$12,750 Commission
$3187.50 Referral
$2888.50 To Maryland Living Referral Group Referral Agent
$299 To Maryland Living Referral Group Referral Broker
HOW MUCH OF A REFERRAL FEE SHOULD I CHARGE THE OTHER AGENT?
This is negotiable between the agents involved. Most agents around our market area, ask for referrals between 25% to 35%
WHO CAN I REFER BUSINESS TO?
IS CONTINUING EDUCATION IS STILL REQUIRED?
Yes . You are still active and must do the classes required by your state or jurisdiction.
Real Estate Continuing Education
Status Query
https://www.dllr.state.md.us/cgi-bin/ElectronicLicensing/RE/CE/CEquery1.cgi
NEW – Effective October 1, 2023
https://www.dllr.state.md.us/license/mrec/mreceducreq.shtml
Need Continuing Education? We got you covered....
https://jparmd.theceshop.com/real-estate/continuing-education
https://www.dllr.state.md.us/license/mrec/mreceducreq.shtml
Here are the steps to getting your license transferred to the referral brokerage. It will cost $25.00 and you will need to be able to log into your DLLR account. Here is the link:
https://www.dllr.state.md.us/cgi-bin/ElectronicLicensing/RE/interim/REInterim1.cgi
License type = Salesperson
Registration Number - YOUR LICENSE NUMBER, Hit enter
Next page- change NOTHING, just hit continue
Scroll to the bottom where it says : "You may transfer the Broker or Branch with whom you are affiliated (there is no fee if changing branch locations)" Look for the box that says 'Registration" - delete the number in there and in its place put : 6450
Hit submit - follow the rest of the prompts.
Once you have done this let me know.
*Remember this is for referral only and a separate Independent Contractor agreement must be signed for GDJ llc dba Maryland Living Referral Group.
New office address is:
1460 Ritchie Hwy, Suite 110B, Arnold, MD 21012
Office Number is
410-260-0202
Maryland Living Referral Group
INDEPENDENT CONTRACTOR AGREEMENT
https://drive.google.com/file/d/1KTLab-1fhOjAQoXs8U-2RiEXCjB_ifry/view?usp=sharing
Made this day of , 20 , between Maryland Living Referral Group, having its principal office at 1460 Ritchie Highway, Suite 10B, Arnold, MD. hereinafter called the BROKER, and , residing at
, hereinafter called CONTRACTOR.
WHEREAS, the BROKER is duly licensed as a Real Estate Broker in the State of Maryland and maintains an office properly equipped and staffed by employees; and
WHEREAS, the CONTRACTOR is duly licensed as a Real Estate Salesperson or Referral Agent,
WHEREAS, it is deemed to be to the mutual advantage of the BROKER and CONTRACTOR to form the association during the period of the association and for good and valuable consideration.
1. TERM: This Agreement shall be for a period of one (1) year from the effective date written above and shall automatically be renewed for additional one (1) year periods upon the timely payment by CONTRACTOR of the agreed upon fees unless terminated as set forth in Section 7 below.
2. INDEPENDENT CONTRACTOR:
A. CONTRACTOR shall be deemed to be an Independent Contractor. CONTRACTOR shall be free to dispose of such a portion of his entire time, energy, efforts and skill, as he sees fit. CONTRACTOR shall not be required to keep definite office hours, attend sales meetings or training sessions, adhere to sales quotas or participate in “floor time”. CONTRACTOR shall not have mandatory duties except those specifically set out in the Agreement. Further, CONTRACTOR shall establish his own endeavors. Nothing contained in this paragraph shall be regarded as creating any relationship (employer/employee, joint venture, partner, shareholder) between the parties other than as set forth herein.
CONTRACTOR shall not receive any benefits from BROKER whatsoever.
B. CONTRACTOR shall not be treated as an employee with respect to the services performed hereunder for Federal
tax purposes.
C. The CONTRACTOR understands that he/she may work as a referral agent only. The CONTRACTOR may not sell or list real estate or engage in any real estate activities outside of the “referral”. The CONTRACTOR must refer all sales and listing leads to the Real Estate Agency and Salesperson of his choice. The CONTRACTOR may not distribute business cards that indicate that he/she is affiliated with any other real estate
agency other than Maryland Referral Group. When making a referral it is the CONTRACTOR’S responsibility to secure a Percentage Referral Agreement with the receiving Real Estate Agency. All such Agreements must be in writing and on file with BROKER.
3. BROKER RESPONSIBILITIES:
A. BROKER agrees that in consideration of the commission split with the CONTRACTOR, it shall make available to CONTRACTOR all guidance necessary for the CONTRACTOR to carry out his/her referral business.
B. All commissions payable to CONTRACTOR are negotiable, and will be collected by the BROKER and transmitted to CONTRACTOR within 10 business days of receipt of the same. The BROKER shall retain $299.
4. CONTRACTOR’S RESPONSIBILITIES:
A. The CONTRACTOR shall conduct his business as to maintain and increase the goodwill and reputation of the BROKER, and the CONTRACTOR shall conform to all laws, rules, regulations and codes of ethics that are applicable to real estate Salespersons and/or Referral agents and further agrees to abide by all rules and regulations concerning the operation of the BROKER’S business, which the BROKER may impose from time to time. CONTRACTOR shall be an Independent Contractor and not an employee or partner of the BROKER.
B. The CONTRACTOR agrees to devote his time and render his service to the best of his ability in the transaction of the business of the BROKER. The CONTRACTOR must maintain his continuing education requirements per the Maryland Real Estate Commission
C. CONTRACTOR shall be responsible for all expenses including, but not limited to, automobile, travel, insurance, entertainment, food, lodging, license fees and dues, income taxes, withholding taxes and the like, which may result from his being license and associated with a BROKER. Under no circumstances shall BROKER be responsible
1460 Ritchie Highway STE 10 B Arnold MD 21012
410-260-0202
Maryland Living INDEPENDENT CONTRACTOR AGREEMENT Referral Group
for any expenses whatsoever.
D. The BROKER shall not be liable to the CONTRACTOR for any expenses incurred by him, nor shall the CONTRACTOR be liable to the BROKER for office help or expenses and the CONTRACTOR shall have no authority to bind the BROKER by any promise or representation unless specifically authorized in writing to do so. Any expense paid for attorneys fees incurred in suits for commission shall be paid by the parties in the same proportions as their respective shares of commissions. Only the BROKER shall have the right to retain an attorney to institute suits for commissions.
E. CONTRACTOR shall not hire, employ, contract with or for, retain, license or sponsor any “sub-agent(s)”.
5. FINANCIAL OBLIGATIONS;
A. MEMBERSHIP FEE, payable by CONTRACTOR to Maryland Living Referral Group in the amount of
$99.00 annually; membership fee is due each year upon the anniversary date of CONTRACTOR’S Agreement with BROKER.Membership fee is non- refundable.
B. MARYLAND REAL ESTATE COMMISSION: Any required governmental fees are the responsibility of the CONTRACTOR, not the BROKER.
6. LIABILITIES AND INDEMNIFICATION:
The Broker shall not be liable to CONTRACTOR for any expenses by CONTRACTOR, nor shall CONTRACTOR have authority to bind the BROKER by any promise or representations, unless specifically authorized in advance and in writing by CONTRACTOR. CONTRACTOR agrees to pay all costs and expenses incurred by the BROKER in defending or satisfying any claim or judgment assessed against the BROKER due to CONTRACTOR’S activity. Further, CONTRACTOR agrees to pay all legal fees. The BROKER reserves the right to select the attorney(s) and reserves the right to defend any such complaint, claim or litigation as it, in its sole discretion, sees fit. CONTRACTOR shall indemnify and hold harmless BROKER from all fines, levies, suits, proceedings, claims, actions or causes of actions of any kind whatsoever including, but not limited to, all costs, court costs, litigation expenses and attorney fees arising from, growing out of, in connection with or incidental to CONTRACTOR’S activities and operation of a real estate business.
7. TERMINATION:
A. By BROKER with Cause. In the event a CONTRACTOR fails to conduct his business in accordance with any applicable law or within the terms of this Agreement, the BROKER may terminate this Agreement immediately and without notice.
B. By either Party without Cause. Either party, without Cause, may terminate this Agreement at any time upon the giving of written notice to the other.
C. Effect on Commission. CONTRACTOR shall be entitled to any commission on real estate transactions which were under contract prior to said termination date and such commission shall be paid to him only upon the closing and funding of any such transaction and the complete compliance by CONTRACTOR of all obligations under this Agreement. Payments of commissions to CONTRACTOR shall be subject to the provisions of this Agreement.
8. MISCELLANEOUS PROVISIONS:
A. Any notice required to be given pursuant to this agreement shall be given in writing and delivered in person or by mail to the party entitled to receive notice at the address given above. Notices so mailed shall be deemed given as of the time of deposit in the United States Postal Service. Changes of address may be given in the same manner as other notices.
B. No change or modification of this Agreement shall be valid unless the same shall be in writing and signed by all of the parties hereto; the parties acknowledge that this is the complete and final expression of their Agreement.
C. No waiver of any breach of any condition herein shall constitute a waiver of any sub-agent breach. D. This Agreement shall be governed and constituted in accordance with the laws of Maryland.
E. The invalidity or unenforceable of any particular word, sentence, paragraph, sub-paragraph, or provisions of this Agreement shall not affect the other words, sentences, paragraph’s sub-paragraphs or provisions of this Agreement and shall be interpreted in all respects as if such invalid or unenforceable parts were omitted.
F. This Agreement shall become binding and inures to the benefits of the parties hereto, their heirs,
1460 Ritchie Highway STE 10 B Arnold MD 21012
410-260-0202
Maryland Living INDEPENDENT CONTRACTOR AGREEMENT Referral Group
executors, administrators, successors and assigns.
G. The BROKER reserves the right to assign, pledge, hypothecate or transfer this Agreement, or its interest herein,provided that CONTRACTOR’S rights and privileges granted herein shall not be affected.
9. DISCLAIMER:
The success of the CONTRACTOR in the referral real estate service business is speculative and will depend on many factors including, to a large extent, CONTRACTOR’S independent business ability. CONTRACTOR has not relied on any warranty or representation written, printed or oral, expressed or implied, as to his potential success in the business venture contemplated hereby.
IN WITNESS WHEREOF, the parties hereto, after reading this entire Agreement, have executed this Agreement the day and year first written above.
BROKER – MARYLAND LIVING REFERRAL GROUP
____________________________________________
Broker
____________________________________________
CONTRACTOR Signature
_____________________________________________
Address
______________________________________________
Social Security Number or Tax ID
_____________________________________________
Phone Number
1460 Ritchie Highway STE 110B Arnold MD 21012
410-260-0202
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