Advantages of Joining a 100% Commission Brokerage
Are you a real estate agent in search of a brokerage that can help you establish your career? Had enough of brokers who ask for sky-high commissions or collect too much in fees? Perhaps it’s time to consider joining a 100% commission brokerage.
With a 100% commission brokerage, you get exactly that – your entire commission all to yourself, with no one to split it with. Certainly, this is accompanied by all the typical advantages of a brokerage, like having a wide network of contacts, an office, support, and the rest.
With a 100% commission brokerage, you will be able to pull the reins of your own business. That means you have more flexibility running the affairs of your business, whether it’s meeting up with leads or closing a deal, all while keeping a healthy social life.
Working with a 100% commission brokerage comes with the convenience of managing all your documents in one place. That’s because you will have access to a virtual back office that maintains all of your paperwork.
Many agents leave their brokers for many reasons, and one of the most common is a lack of transparency regarding broker fees and charges. They may have to pay for E & O insurance, for instance, or charges for not using services that the brokerage offers in-house. It’s fair for agents to demand to know what they’re paying for every single transaction. What they want is being able to charge different rates for services, and that’s exactly why 100% commission brokerages are a hit.
Getting Paid at Closing
A lot of 100% commission brokerages, thanks to their transaction coordinator, will make it a point to get you paid the moment your transaction reports are sent in and cleared.
To recoup their losses, typical brokerages usually force their agents to use in-house services, prompting additional charges to be paid by the agents. Experienced agents have established relationships that help them enhance their services, so they don’t need a broker that controls them. They can function independently and do even better.
The 100% commission brokerage concept is meant for agents who want to work together at their own pace and level. No matter if you plan to make 20 or 200 sales, you will still enjoy support that is specific to your needs rather than a canned version that often comes with quotas not always aligned with your own vision. In a large, traditional real estate firms, it’s easy for agents to feel lost and forgotten. In contrast, agents in a 100% commission brokerage always receive individual attention, depending on their specific needs.