If you are a professional real estate agent, you split your commission with your broker. You may access office space, courier, phone, and mail services. You can also benefit from the firm’s advertising campaign, potential client leads, and free coffee.
However, in today’s real estate market, several agents want something other than these additional amenities. Most agents close their deals and walk away with a 50/50 commission split. If you join a 100% commission brokerage, you will get to keep 100% of your commission.
Compared to the traditional model, the real estate broker commission split is way more convenient. If you work from an office, you will have to pay a small fee for using office amenities like the internet, desk, and other services. If you prefer to work from home, you will have to pay a small fee at closing a sale.
Why Prefer A 100% Commission Model Over Traditional Brokerage?
All successful real estate agents prefer the 100% commission model over the traditional brokerages since it enables them to earn more money. Agents working in a 100% commission model will receive more significant income than those working under a standard brokerage model. The primary reasons this type of commission model has gained popularity among agents are technology and opportunity.
In the past, real estate agents had to be a member of a licensed brokerage to gain access to Multiple Listing Services (MLS). These listings were only available to individuals who had special access. However, this data is now available online via several websites and is allowed public access. This change has made it possible for professional agents to find potential clients anywhere as long as they have access to the internet.
They no longer have to be a part of a traditional brokerage to have access to Leeds. Another reason it is better to work with a 100% real estate broker commission split compared to the conventional brokerage is the ease with which electronic scanning of real estate transactions can be completed. You can now send digital signatures on documents via email.
100% Commission Real Estate Brokerage vs. Traditional Brokerage: A Quick Comparison
As a real estate agent working under a 100% commission model, you will have the chance to earn more income. You will have to pay a monthly or yearly fee covering training, support, and office space. This will be a flat fee you will pay regardless of how many deals you close in a year or a month.
|Traditional Brokerage Split||100% Commission ModelSplit|
|Sale Price – $480,000||Sale Price – $480,000|
|2.6 Commission – $12,480||2.6 Commission – $12,480|
|30% Broker’s Split – $3,744||Flat Fee – $549 (click here for more)|
|What Traditional Agents Get – $8,736||What 100 CommissionAgents Get – $11,931|
Traditional real estate brokerage is designed to be confusing for agents. They will hide everything they can regarding the payment commission splits, structures, and fees. These hidden truths often result in agents taking home less than what you earned. The 100% commission model is straightforward, easy to understand, and transparent.
As an agent working under a 100% commission model, you will get to control your dealing, schedule your meeting, and will not have to stress about splitting your commission in half. It will empower you to make choices that are in your and your business’s best interest. Of course, our broker Nebo Bandovic will always be around to support you if and when you need it.
Want To Join A 100% Commission Brokerage? Contact NB Elite Realty Today!
With the help of our head broker Nebo Bandovic, you can quickly build your name in the real estate sector. Moreover, we have tons of experience dealing with all kinds of real estate properties. With our guidance and professional expertise, you can quickly earn more and make a fortune from your dealings. Contact NB Elite Realty at 844-444-6237 to learn more about our 100% commission brokerage model.