Commercial Real Estate Brokers – Earn $5,000 to $50,000 in CTP Referral Fees
Published on: October 9, 2019
Commercial Tenant Program
Commercial Real Estate Brokers

What is a CTP Program?

The New York State Energy Research and Development Authority administers the Commercial Tenant Program (CTP) .  Under this program, NYSERDA will pay 100% of LC Associates fees to conduct and deliver a energy efficiency study.  Our energy studies are customized for your Commercial Tenant.  Most importantly, LC Associates will generate a clear and concise road map to energy efficiency and environmental stewardship for your Commercial clients. NYSERDA will also pay Commercial Real Estate Brokers $5,000 for every Client they refer to LC Associates.

How do I get my referral fee?

NYSERDA will pay a $5,000 referral fee to Commercial Real Estate Brokers that enroll Commercial Tenants into the the Commercial Tenant Program (CTP).  Fortunately LC Associates is a qualified CTP Service provider.  LC Associates will assist qualified Commercial Real Estate Brokers in securing their referral fee.  For a complete listing of program rules, please follow this link.

Why do Commercial Real Estate Brokers need this?

The Commercial Real Estate broker space is crowded.  As a result the smaller firms struggle to compete with larger capitalized businesses.  However the CTP program allows the smaller firms to compete with the larger ones on an even keel.

A commercial real estate broker can now offer value added services that will save their Clients operating costs, improve employee productivity, and create green jobs for instance.  To sum it up, your Client will save money and reducing greenhouse gas emissions which will offset the broker’s transaction fees.

What’s the Process?

  1. Simply refer your Client to LC Associates for participation in the CTP
  2. LCA will prepare the enrollment forms including the CTP Application and the CTP Broker Referral Fee Application
  3. Once NYSERDA approves the application, then they will issue the referral fee directly to the Broker, or the Broker’s Company.
  4. Please refer to NYSERDA’s website for full terms and conditions.

What’s the catch?

  • NYSERDA has a budget of $100,000
  • This program expires on December 31, 2020 or until all funds are depleted

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