Referral Network

Northern Illinois Real Estate Information Network (NIREIN)

What is NIREIN?

Northern Illinois Real Estate Information Network (NIREIN) is an Illinois real estate referral and holding company whose purpose is to hold real estate licenses. It is a wholly owned subsidiary of the Chicago Association of REALTORS® meant as a service to our member brokers who do not have access to a holding company of their own.

Who should join NIREIN?

  • Brokers interested in alternative career options, but don't want to give up the benefits of your real estate license.
  • New licensees not quite ready to affiliate with one particular managing broker.
  • Managing brokers looking to earn a dividend on your investment in real estate agents.
  • Licensees who want to change their status from full to part-time.
  • Licensees who are considering retirement?
  • Licensees who need more flexibility in their real estate career.

Can I still sell real estate?

While in the holding company licensees are no longer able to practice real estate, but instead work on a referral basis only. Placing a broker's license in NIREIN takes their license out of active REALTOR® practice.

Can I make money from referrals?

Absolutely, a referral, or "lead", consists of detailed information about a prospective buyer or seller of real estate. The process begins when you complete a Referral Processing Form that is then forwarded to NIREIN. NIREIN refers the buyer or seller to a conventional real estate company, where it will earn a referral fee if the referral buys or sells property through the company to which they were referred by NIREIN.

What is the referral process?

  • The referral is given to the NIREIN Managing Broker.
  • The licensee can designate who they want the referral to go to or the NIREIN managing broker will find a broker to represent the customer.
  • The NIREIN Managing Broker will negotiate a referral fee with the broker and once accepted, the referral information is given to that broker.
  • Once the transaction has closed, the negotiated referral fee will be split between the broker being sponsored by NIREIN and NIREIN. Please refer to our Independent Contractor Agreement for the commission split.

Can I work for my current managing broker while I have my license on hold with NIREIN?

The License Act does not allow for a licensed broker to work for more than one managing broker at the same time. Therefore, you will only be able to work under your current managing broker or have your license with NIREIN.

Do I still have to pay C.A.R. membership Dues?

While in the holding company licensees no longer have to pay national, state or local C.A.R. dues.

Will I still have access to the MLS/MRED service?

No. Once your license is placed in the holding company you are no longer a member of C.A.R., are no longer a REALTOR® and no longer have the benefits of REALTOR® membership such as using the REALTOR® logo or having access to MLS/MRED services.

If my license is in a holding company, do I still need to take CE courses?

Yes. Although you are unable to actively practice real estate while in a holding company, you still need to maintain an active license to refer transactions and receive compensation for them.

What is the process if I am in the holding company and then want to transfer my license to another managing broker?

The process is the same as with any managing broker. Upon request, your license will be signed off and given back to you. It will be mailed to you or may opt to pick it up at our 200 S. Michigan Ave., Ste. 400 location.

How do I join NIREIN

In order to join NIREIN, mail the following five (5) items to NIREIN, 200 S. Michigan Ave., Ste. 400, Chicago, IL 60604 or drop the materials off at our 200 S. Michigan Avenue office:

  1. Download, complete and sign the NIREIN Application Package Here
  2. Completed License Holder Information Form (Included in the application package)
  3. Signed off license. Should signed off license not be available, please provide written explanation as to why not.
  4. Include a check payable to NIREIN for appropriate fees (prorated based on join date) shown below:
      October – December 2012: $ 90.00
      January – March 2013: $ 67.50
      April – June 2013: $ 45.00
      July – September 2013: $ 22.50
  5. Include a check made payable to IDFPR for appropriate fees: if currently being sponsored and you are in good standing, the cost should be $25 to transfer your license. If you have not yet been sponsored, the cost will be $125. To confirm the amount that you owe, please contact IDFPR at 217.782.3414.

Application packages that do not include all five (5) of the above items will be returned to the sender

Questions? Please contact our membership department at 312-803-4900 or by clicking here

What is the process if I have recently passed the broker or managing broker licensee exam and am a new licensee?

In order to join NIREIN, mail the following five (5) items to NIREIN, 200 S. Michigan Ave., Ste. 400, Chicago, IL 60604 or drop the materials off at our 200 S. Michigan Avenue office:

  1. Download, complete and sign the NIREIN Application Package Here
  2. Completed License Holder Information Form (Included in the application package)
  3. Original paperwork (peach background form, photo, 45 day sponsor card and transcript)
  4. Include a check payable to NIREIN for appropriate fees (prorated based on join date, see proration chart above)
  5. Check made payable to IDFPR for $125.00 (*amount is stated on face of the peach paperwork)

Application packages that do not include all of the above items will be returned to the sender.

Questions? Please contact our membership department at 312-803-4900 or by clicking here

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200 South Michigan Avenue, Suite 400, Chicago, IL 60604
Telephone: 312-803-4900, Fax: 312-803-4905

The “Voice of Real Estate” in Chicago
© 2011 Chicago Association of REALTORS®