Top Reasons to Sign up with a 100% Commission Brokerage
Are you a real estate agent in search of a brokerage that can help you establish your career? Tired of brokers who demand too much in commissions and/or fees? Maybe you should look into 100% commission brokerages.
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.
Joining a 100% commission brokerage allows you to run your business however you want to. This gives you maximum flexibility as far as meeting up with qualified leads and closing more deals is concerned, while you continue to have a social life.
If you work with a 100% commission brokerage, you can manage your documents conveniently in a single location. This is possible through a virtual back office where all your paperwork is stored.
Among the reasons agents separate from traditional brokerages is a lack of transparency when it comes to broker fees and charges. For example, they may be required to pay fees for E & O insurance or for simply not using in-house services. Agents will naturally want to know where their money is going on each transaction. What they want is being able to charge different rates for services, and that’s exactly why 100% commission brokerages are a hit.
Payment 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.
Traditional brokerages, to make up for lost profit, usually pressure agents to avail of in-house transaction service, which then requires the agents to pay extra charges. Experienced agents have established relationships that help them enhance their services, so they don’t need a broker that controls them. They can do what they have to do on their own, which even improves their performance.
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 a 100% commission brokerage, agents always get focused attention in any situation they may need it.