Once you start working for a 100 percent commission brokerage, you will never have to worry about splitting your hard-earned commission with your broker. Knowing that you can bring home the entire commission will also motivate you, as a real estate agent, to work harder to achieve your goals. Not to mention, it will also allow you to plan your finances better.
Many agents find this too good to be true, and while it may sound that way at first, once you do some research, you will understand how a 100% commission model works and what benefits it offers. In today’s article, we will look at why you should consider switching from a traditional commission split to a 100 percent commission brokerage.
The 100% Commission Model Is Here To Stay.
While the 100 percent commission model has been around for several years, they have only recently gotten popular amongst real estate agents. Thanks to the advent of modern technology, making a real estate sale has become much more convenient than ever.
Removing the requirement to fill out paperwork in a real estate office physically has brought a significant change in the industry. This offers agents greater flexibility and independence without relying on a typical office infrastructure and support.
You Will Still Have Access To Training And Support
Real estate is one of the most competitive and fast-evolving industries. As a real estate agent, you will need all the help you can get from your brokerage to have an ideal performance on the field. This support generally includes training on technology use, communication skills development, property valuation, and management.
A 100 percent commission brokerage like NB Elite Realty will have experienced brokers ready to help you whenever you want. Our founder, Nebo Bandovic, has years of experience in real estate and can quickly guide you toward success.
Working in a 100% commission brokerage will give you much better flexibility and scalability than a traditional brokerage, giving you more time and better resources to pursue more clients. More leads generally mean more income for you.
No Overhead
Overhead is one of the most stressful and restrictive pieces of the traditional real estate process. A conventional brokerage will slowly eat away nickels and dims from every deal you make until a significant portion of your commission is gone. You don’t want any surprises when it comes to your commission.
Most real estate agents will prefer to know exactly how much they take home from each deal they make. Working under a 100 percent commission brokerage will give you peace of mind. You can easily focus on selling more properties, knowing you only have to pay a small fee to take away 100% of your commission.
Top Factors To Consider When Selecting A 100% Commission Broker
To help cover the cost of offering you the necessary technology and tools to run a successful real estate business, different brokers use different methods (or combinations) of fees. You must always check how your potential broker covers these costs to see if they fit your needs. Some of these methods include:
- A flat monthly fee
- Charging a per-transaction fee
- Desk or office space fee
- Specific handling fees
- An annual fee
When comparing which broker to work with, compare these services to find the best match. Our team from NB Elite Realty would love to explain how much we charge our agents. We believe transparency is crucial to success in real estate, so our experts will ensure you don’t have any surprise hidden charges!
Contact NB Elite Realty For More Information!
At NB Elite Realty, hundreds of agents have successfully built their name in the industry and made money doing it. With our help and Nebo’s professional guidance, you, too, can take your career to a whole new level. Please speak with one of our agents to learn how you can join our firm and continue a fantastic career in real estate without splitting your commissions. If you decide to come on board, you will be working with one of the fastest-growing real estate firms in the business. Call us at 844-444-6237 for more information.