Once the closing process is complete, here’s how your referral commission is paid:
1. Settlement Process: The receiving agent or their brokerage will instruct the settlement company to send the commission payment directly to General Referral, LLC, as per NJ licensing law. All commissions are issued to the brokerage, which then disburses funds to agents.
• As the referral agent, you responsible for ensuring the funds are properly sent to General Referral.
• Tip: If you are concerned that your referral partner has not sent the referral fee in a timely manner, we recommend that you email them and ask for the date the payment was sent and the location it was sent to. The address should match with the Payment Details information below, which is included in the initial referral agreement.
2. Payment Details:
• Make checks payable to: General Referral, LLC
• Mailing Address:
General Referral, LLC
101 Crawford's Corner Rd.
Suite 4116
Holmdel, NJ 07733
• The receiving agent/company has a set period post-closing to ensure payment is sent as detailed in the referral agreement.
3. Proof and Disbursement:
• Once General Referral receives the funds, we’ll email you with confirmation.
• Complete the Commission Disbursement Form online at generalreferral.com/members.
• Submit your banking details through our payroll provider for direct deposit. Note: This setup is required only for your first referral.
4. Direct Deposit Timeline: After funds are verified, direct deposit takes about four business days, plus any holidays, to appear in your bank account.
Tip: Set up your payroll account with us after your first referral to streamline future payments.
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