Ascent Realty Group, LLC is a professional Real Estate referral company designed to allow you to keep your license active without excessive fees, while you have the opportunity to collect a 35% referral fee - the largest referral fee paid by a referral company in Colorado.
How do I join Ascent Realty Group, LLC?
Fill out the registration form. After you submit the form you'll be taken to a page with links to all the other forms you need to transfer your license. Print those forms, sign them and send them to us with your registration fee (includes the cost to transfer your license with the Colorado Real Estate Commission).
Can I still join if my license is inactive or expired?
Inactive and expired listings can be reactivated as part of the registration process with Ascent Realty Group, LLC. If your license has been expired for over 3 years, you'll have to go through the entire licensing process with the state, but after that you can still join Ascent Realty Group, LLC and enjoy our low costs and large referral fees.
What are the advantages of joining Ascent Realty Group, LLC?
The number one advantage is the 35% commission you receive on every referral transaction that is closed. The next biggest advantage is the savings. With Ascent Realty Group, LLC you don't have to pay office fees or transaction fees, Metrolist fees, Board of REALTOR® fees or costly E&O insurance premiums. For a small one-time a year fee (which includes your E&O Insurance) you can keep your license active and gain 35% referral fee every time one of your referred clients close a deal. No other splits or transaction fees are deducted.
How much will I net?
The sky's the limit. It's not so much about how much you'll earn as it is how much of what you earn is yours to keep. For instance on your first transaction, let's say you earn 35% of a 2.8% commission on a $300,000 home - that's $2940. Subtract your annual fee to Ascent Realty Group, LLC and that's your net. Any other commissions you make the rest of the year you will net 100%. So if you your next transaction earns you a $1,700 commission you will net $1,700. Other companies charge you a transaction fee that you pay on every transaction - netting you less for every transaction. With Ascent Realty Group, LLC the only cost to you is our small annual fee - PERIOD!
Is it easy to refer clients?
Yes. Simply fill out the referral form - we'll take care of the rest.
Can I designate which agent I want to refer my business to?
Yes, when filling out the referral form, enter the agent you'd like to refer your client to.
What does it cost to transfer my license?
The Colorado Real Estate Commission charges $50 to transfer your license.
What does it cost to reactivate my license?
The Colorado Real Estate Commission charges $90 to reactivate your license (provided your license has only been inactive for 32 days to 1 year). If your license has been expired for 1-3 years the cost is $120. In both cases it's an additional $50 fee to request ACTIVE status. If your license has been expired for 3 years or more then you'll need to complete the entire licensing process again.
How long does it take to transfer my license?
Your application will become effective within 5-15 days after the Colorado Real Estate Commission receives your application and fees.
Will I have to join a Board of REALTORS® and pay REALTOR® fees?
You are not required to join a Board of REALTORS® or pay any REALTOR® fees - saving you hundreds of dollars a year.
Do I have to keep my Metrolist membership active?
You will not be a member of the Denver Metrolist or have access to the MLS system - saving you hundreds of dollars a year.
What are the monthly office fees and transaction fees?
With Ascent Realty Group, LLC there are no monthly office fees or transaction fees. Brokers who accept your referrals have access to our transaction management system and can pay for that service if they choose.
Should I renew my Errors and Omissions Insurance?
No need to renew your Errors and Omissions Insurance. Your $165 annual fee to Ascent Realty Group, LLC covers your E&O Insurance - you'll be part of the company's policy.
Do I need Continuing Education?
Yes. In order to keep your Real Estate license active the Colorado Real Estate Commission requires you to stay current with your continuing education.
Will my license remain active?
Yes. In order to receive commissions your license must be active. Joining Ascent Realty Group, LLC is a great way for you to keep your license active without incurring a great deal of costs.
Will I get a 1099?
Yes. You will receive a 1099 for all referrals paid to you.