Keep Your New Mexico Real Estate License for Referral Opportunities

Realty One Referral Company provides an option for licensed New Mexico real estate brokers who no longer want to actively practice real estate but would still like the ability to refer buyers and sellers to active, licensed brokers.

This option allows you to maintain your license with a qualifying broker without carrying the expenses and responsibilities associated with MLS access, REALTOR® membership, and actively representing clients.

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Who is the referral company designed for?

Realty One Referral Company may be a good fit if you:

Hold an active New Mexico real estate license
No longer want to actively represent buyers or sellers
Want to step away from MLS and REALTOR® association expenses
Are retiring or transitioning out of active real estate sales
Still receive occasional opportunities to refer buyers or sellers
Understand that your activities will be limited strictly to referrals

All applications and license transfers are subject to review and approval.

How a referral moves from lead to payout.

Transfer your license

Complete the required licensing documentation to place your New Mexico real estate license with Realty One Referral Company.

Refer a buyer or seller

Connect the client with a fully active and licensed real estate broker.

Complete a referral agreement

A signed referral agreement must be provided for every referral transaction.

Receive your referral commission

Realty One Referral Company processes the referral commission and applicable tax reporting, including Form 1099.

Referral compensation is established in the applicable referral agreement and is generally paid after the referred transaction successfully closes and funds.

800+

Licensed professionals

By joining Realty One Referral Company, you become part of the broader Realty One network — connecting you with more than 800 real estate professionals across New Mexico, so you can confidently place referred buyers and sellers with active, licensed brokers throughout the state.

- Statewide Reach

Fees and expenses

Transparency is important to us. The following costs apply:

Fee or expense	Amount or responsibility
Realty One Referral Company fee	$250 per referral transaction
Errors and omissions insurance	Maintained and paid by the referral broker
Licensing and compliance expenses	Responsibility of the referral broker
Compliance fines, if applicable	Responsibility of the referral broker
MLS membership	Not maintained
REALTOR® association membership	Not maintained

A referral transaction is charged per represented side. If the same referred client completes both a purchase and a sale, those are considered two separate referral transactions and a $250 fee applies to each.

There is no monthly or annual company fee to participate in Realty One Referral Company.

Referral broker requirements

Referral brokers must:

Maintain an eligible New Mexico real estate license
Comply with all New Mexico Real Estate Commission requirements
Maintain continuous errors and omissions insurance
Provide current proof of E&O coverage upon joining and by December 31 of each following year
Keep all applicable licensing and continuing education requirements current
Submit a signed referral agreement for each referred transaction
Pay any individual licensing fees, insurance costs, or compliance fines assessed to them
Sign and comply with the Realty One Referral Company Independent Contractor Agreement

The referral license will be displayed at Realty One Referral Company's Eagle Ranch office in accordance with NMREC requirements.

What referral brokers cannot do

-Show property
-Prepare purchase, listing, or other real estate contracts
-Negotiate on behalf of a buyer or seller
-Represent clients in a real estate transaction
-Access the MLS
-Access NMAR or company forms, other than approved referral agreements
-Represent themselves to the public as a REALTOR®
-Perform activities requiring REALTOR® association or MLS membership

Failure to follow these restrictions may result in the broker's license being returned to the New Mexico Real Estate Commission.

Frequently asked questions

Can I represent my own clients while in the referral company?

No. Referral brokers may only refer buyers or sellers to active, licensed brokers. They cannot provide real estate representation or participate in the transaction.

Will I have MLS access?

No. Referral brokers do not maintain MLS access or New Mexico REALTOR® association membership through Realty One Referral Company.

Can I prepare contracts or show property?

No. Referral brokers cannot show property, prepare contracts, negotiate, or perform any activity requiring an active practicing license or association membership.

How much does Realty One Referral Company charge?

The company charges $250 per referral transaction. A separate fee applies to each transaction side. For example, referring someone who both sells and purchases would result in two $250 fees.

Do I need E&O insurance?

Yes. Referral brokers must maintain continuous errors and omissions insurance and provide current proof of coverage.

How is my referral commission processed?

Realty One Referral Company processes referral commission payments and applicable year-end tax reporting. A signed referral agreement is required for every transaction.

Can I return to active real estate later?

Yes! If you decide to return to active real estate, our team would be more than happy to help guide you through the required licensing, membership, and brokerage transfer steps along the way.

Realty One of New Mexico

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