Recruiting Bonus Program
RECRUITING BONUS PROGRAM As a Coldwell Banker KP agent, your experiences in the field and in your daily life are an ideal opportunity to identify fantastic people to work with, and we want to reward you for your efforts! Incentives for helping grow our team are as follows: SPONSORING A NEW AGENT CB KP agents that are the procuring cause of a new agent (newly licensed or less than $1,500,000 in verified volume) joining CB-KP will receive the first $1000 in company dollars generated by the agent that they have referred. SPONSORING AN EXISTING AGENT CB KP agents will receive $1,000 for sponsoring an experienced agent (more than $1,500,000 in verified volume from the previous 12 months) to CB KP, plus an additional $500 for each million dollars of that agent’s verified production volume in prior year. The incentive is paid once the agent’s license is associated with CB KP. Example: Agent is the procuring cause of an experienced agent transferring to CBKP with a verified volume of $6,000,000 in the previous 12 months. $1,000 (initial bonus) + $3,000 (production bonus) = $4,000 at the time of signing with CBKP. LIFETIME PROFIT SHARE In addition to receiving the immediate recruiting bonus, CBKP agents will be eligible for a bonus that is equal to 1% of the referred agent’s AGC for that agent’s entire career with CBKP, and as long as the sponsoring agent is affiliated with CBKP. This program is subject to CB corporate rules and limitations. Example (recruit $5 million producing agent): $1000 (sign on bonus) + $2500 (prev production bonus) = $3500 to recruiting agent PLUS $1,500 per year in profit share ($150k yr GCI)
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