As of March 2019, records from the Federal Reserve show that the real estate industry contributed $27.2 trillion to the economy. Top-caliber brokerage firms and their agents drive this fast-growing business.
Real estate brokers are the foundation of this highly dynamic business. They provide the proper skill set development and technological resources so their agents can get ahead of the pack. However, some brokers require their agents to pay several fees, which negatively affect the take-home pay. Fortunately, due to innovations in the business model, there is a 100% Commission Real Estate Broker that is right for you:
1The Whole Commission is Yours
If you work with a 100% commission broker, you will never have to split the money between the two of you. Knowing that you will be able to bring home, the full commission will motivate you to work harder so you can achieve your goals.
Also, keeping the full amount will enable you to plan your finances well. You will have a clearer vision of your financial goals so you can set aside money for your future. It will push you to provide the best service to your clients. It is indeed a win-win situation for all parties involved.
2You Would Get Training and Support from Your Firm
Real estate is a highly competitive and evolving industry. Agents need all the support from the brokerage firm so they can provide optimal performance. Support includes training on the use of technology, property valuation, communication skills development, and management.
A virtual brokerage firm will also provide an online platform that will serve as a virtual office. It will allow clients and agents to communicate, transact, and close the deal no matter where they are in the world.
Working in a virtual environment provides more flexibility and scalability for the agent. Thus, he will have more time and resources to pursue more clients. More leads will mean more income for the agent. If you are looking into joining a real estate brokerage firm, this will inspire you to work with a 100% Commission Real Estate Broker.
3Minimal Overhead Costs
Virtual 100% commission real estate brokerage firms have minimal overhead costs. They do not pay for rent, office utilities, and maintenance services. These savings will be passed on the agents.
On the other hand, agents who work in virtual firms also have lesser expenses than their brick and mortar counterparts. These agents also save on transportation costs since they do not need to report to an actual office.
Commonly, the agent in a 100% commission brokerage company needs to pay a monthly fee between $100-$300 per month. At the end of the year, the net income will still be significantly higher than in a traditional commission firm.
Check if the 100% commission real estate brokerage company will require you to pay other fees such as marketing, desk, or franchise fees. Some even have additional hidden costs. The best firms will only need you to shell out for the monthly payment.
Real estate has created a comfortable life for many agents. You too can build the life of your dreams by joining a 100% commission real estate company.