If you are a newly licensed real estate agent looking at different brokerage options, the total percentage of commission offered is probably the primary aspect to consider. The portion you get to keep with yourself will determine how much you earn on every transaction. The average rate of commission offered by professional brokerages is 50%. However, another model is emerging today and enticing new agents – the 100% commission real estate broker model.
This new-age real estate commission model guarantees agents to keep 100% of their total profit from each deal. While the model seems highly beneficial and attractive to real estate agents, it is also essential to thoroughly examine how this system works. How will a brokerage earn money if their real estate agents take home 100% of their profits? How will it affect an agent’s career?
Since the NB Elite Realty team understands how the 100% commission model works, we are here to clear any doubts or concerns you may have regarding this approach. This article will skim through the basics that help you better understand the 100% commission real estate broker model.
What Should You Know About The 100% Commission Model?
For a 100% commission model to work correctly, real estate brokers and agents must earn enough money to finance their careers easily. Such a model focuses on helping new real estate agents make the highest profit margin from all their real estate transactions, regardless of broker costs. It is common for several 100% commission models to offer limited in-office support for real estate agents, so they can keep their facility costs low. Some even offer zero support to real estate agents as a trade for their 100% commission.
Watch Out For Any Hidden Fees!
While professional realtors take 100% of their earnings, several brokerage firms apply hidden fees to create an alternative revenue stream. Such hidden fees may include:
- Annual fees
- In-office desk fees
- Technology fees
- Compliance fees
- Closing transaction fees
So, make sure you are well-versed with these costs and choose a broker that can offer transparency in all its processes.
Importance of Brand Name in The 100% Commission Real Estate Model
Remember that successful real estate agents make a more successful brokerage. High-end brokerages have a history of growth in brand marketing, expertise, and a positive reputation in the market. These factors are even more critical when looking for a 100% commission real estate broker model. The past records of a brokerage speak volumes. If you can’t find enough online testimonials, reviews, or closings per annum, the brokerage firm probably has a weaker approach and reputation.
At NB Elite Realty, our founder, Nebo Bandovic, has a long-standing history of working on various real estate investments. In addition, NB Elite Realty has a reputation that is second to none.
Our 100% commission real estate broker model has been successful for years. We are a 700+ agent strong brokerage firm. With the help of our 100% commission model, you will get to maximize your overall profits, grow your sales experience, and build a successful and long-lasting career in real estate.
Contact NB Elite Realty Today!
At NB Elite Realty, we offer you the most unique 100% commission real estate broker model. Our founder and chief broker, Nebo Bandovic, has more than two decades of experience in the field and has built our company to become one of the top brokerage firms in the country. With our resources and expertise by your side, you will swiftly boost your real estate business in no time.
Call our experts today at 844-444-6237 to discuss how partnering with us can be your best bet.