Agent Referral Program
Your NYC Clients
Deserve a Local Expert
When your client is relocating to New York City, you need a partner who knows the difference between a co-op board package and a condo offering plan, who speaks Spanish, and who has closed deals in every borough for 25+ years.
Send a Referral (917) 416-74331,000+
Transactions closed
25+
Years in NYC real estate
5
Boroughs covered
2
Languages (EN + ES)
How It Works
-
1
Contact Milton directly
Email milton@miltoncoste.com or call (917) 416-7433. Introduce yourself and share a brief summary of your client's goals, timeline, and budget.
-
2
Sign the REBNY referral agreement
A standard REBNY-compliant referral agreement is signed by both brokerages, setting a referral fee on the gross commission received at closing.
-
3
Your client is in good hands
Milton contacts your client within one business day. You receive updates at key milestones. Your referral fee is paid at closing with a copy of the settlement statement.
What Your Client Gets
- Full buyer or seller representation with a Licensed Real Estate Associate Broker at Keller Williams NYC
- Co-op board package guidance, from compiling financials to interview prep
- Pre-market access to RLS Coming Soon listings before public launch
- Bilingual service in English and Spanish, critical for Washington Heights, Inwood, and Jackson Heights buyers
- All five boroughs: Manhattan, Brooklyn, Queens, the Bronx, and Staten Island, plus Hudson Valley
- REBNY member, NAR member, licensed by NYS DOS (#10301213304)
Who Typically Sends NYC Referrals
Relocation Agents
Clients moving from California, Texas, Florida, or Chicago who are pricing out of their local market and looking at what their budget reaches in NYC.
Corporate Relo Coordinators
Employees transferred to New York by their employer need both short-term and long-term housing solutions. Milton handles both buyer searches and connections to rental agents.
International Referrals
Latin American clients purchasing NYC investment condos or pied-à-terre properties. Spanish-speaking service removes the language barrier and speeds the board approval process.
Referral Fee Details
Standard Terms
- Referral fee: a standard percentage of the gross commission received by Milton at closing, set in the referral agreement
- Agreement: REBNY-standard referral form, signed by both brokerages
- Payment: Check issued within 5 business days of closing
- Documentation: Copy of settlement statement provided with payment
- Validity: Referral agreement covers the specific client named for 12 months
Important Notes
- Referral fees are paid to licensed real estate brokers and salespersons in good standing in their state of licensure
- Both parties must be licensed for the referral fee to be paid
- Referral fees on rental transactions follow FARE Act rules | confirm before referring a rental client
- For off-market transactions or unique deal structures, contact Milton directly to discuss terms
After You Refer Your NYC Client
The part referring agents care about most: staying informed, protecting the relationship, and getting paid. Here is exactly what happens once you send a client.
You stay informed
You get an update at each milestone: first meeting, accepted offer, signed contract, and closing. No chasing for status.
Your client is fully represented
Your client works directly with a Licensed Real Estate Associate Broker, not a junior hand-off. Co-op board packages, condo offering plans, and negotiations are handled start to finish.
Your fee is documented up front
The referral fee is set in the signed REBNY agreement before any work begins and paid at closing with a copy of the settlement statement, so your accounting matches to the dollar.
The relationship stays yours
Milton represents your client for this NYC transaction only. When they move back into your market or refer a friend, that business returns to you.
The REBNY Referral Agreement, Explained
A referral agreement is a short, standard document that protects both brokerages. It is signed before Milton contacts your client, so your fee is locked in from the start. Here is what it covers:
- The named client and the transaction type, purchase or sale, that the referral applies to.
- The referral fee, set as a percentage of the gross commission Milton's brokerage earns at closing.
- Confirmation that both brokerages and agents hold active licenses in good standing, which New York law and RESPA require before any referral fee can be paid.
- A validity window, typically 12 months, covering that named client.
Send a Referral Now
Complete this form or email milton@miltoncoste.com directly. Milton responds within one business day.
Agent Referral FAQ
Are referral fees between agents legal in New York?
Yes. Referral fees paid between licensed real estate brokers and salespersons are permitted under New York law and RESPA. Both parties must hold an active real estate license in good standing.
How does the referral fee work?
It's a standard referral fee on the gross commission Milton's brokerage receives at closing, set in a REBNY-standard referral agreement signed by both brokerages before any work begins.
When and how is the fee paid?
By check within five business days of closing, accompanied by a copy of the settlement statement so your accounting matches the payment.
What if my client wants to rent instead of buy?
Rental referrals in NYC follow the FARE Act, which changed who can be charged a broker fee. Contact Milton to confirm the arrangement before you refer a rental client.
Which areas does Milton cover?
All five boroughs (Manhattan, Brooklyn, Queens, the Bronx, and Staten Island) plus the Hudson Valley, for both buyers and sellers, in English and Spanish.
How do I send a referral?
Use the form above, or email milton@miltoncoste.com or call (917) 416-7433. Milton responds within one business day and sends the referral agreement to sign.
More Buyer Resources
Why Buy in NYC
The data behind NYC as a long-term investment
Rent vs Buy Calculator
Find your break-even year with your actual numbers
Mortgage Calculator
Estimate monthly payments at current rates
HDFC Co-op Guide
Affordable co-op ownership in NYC explained
HDFC Eligibility Check
See if your income qualifies for HDFC pricing
NYC Investor Hub
Cap rates, ROI data, and multi-family strategy
NYC Homes $1M-$2M
Active condos and co-ops in the $1M to $2M range
Mansion Tax Calculator
What a $1M+ purchase owes at closing, tier by tier