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Pioneer Referral Services, Inc



What is Pioneer Referral Services Inc.?

Pioneer Referral Services, Inc. is a wholly owned subsidiary of Pioneer Real Estate Services, Inc. meant as a service to keep agent and broker licenses active while they are not currently practicing real estate. While in the holding company licensees are not required to join an association of Realtors; however, they are also not able to practice real estate actively, but instead can work on a referral basis only.

Placing your license in holding takes your license out of active broker/REALTOR® practice.

Will I have MLS access?

As your license will be taken out of active broker/REALTOR® practice, you will no longer have access to the MLS.

If my license is in a holding company, what are my continuing education requirements?

CE requirements are the same as if you were actively practicing real estate.

Can I work for my current broker while Pioneer Referral Services, Inc. has my license?

No, under Illinois law, you may only work for one broker.

What if I want to hang my license with another broker?

You can transfer your license to another broker as if you were still on active status. At your request, we will provide you with your signed off license. You can then complete the transfer paperwork with your new broker.

How do referral commissions work?

If you have a client ready to make a real estate transaction you can contact our office and we will pass along the information to one of our top agents or brokers. You may also choose a specific broker if you prefer. The typical referral fee is 25% (but you are free to negotiate a different rate) and Pioneer Referral Services Inc. will pay out to you as the referring agent or broker your designated split per your Contract.

Fee Structure

There is an annual fee of $99 to hold your license. There is a one-time fee (only for your first year) of $25 to payable to IDFPR to transfer your license.

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Rockford, IL 61107
Phone: 815-227-9560

Email: homes@pioneer-rockford.com

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