REAL Broker Fees, Splits & Bonuses Explained
Real Broker is an agent-centric model that rewards agents that are in active production, but also seeks to be fee-friendly to agents only selling part time.
Highlights of the REAL Broker Fee Model:
No monthly fees
Even at the lowest levels of production, agents never pay more than roughly 17% of their total commission in fees.
Once agents cap, total fees drop significantly and most agents will only pay roughly 5-15% of their total commission in fees.
Once agents hit Elite status, because of bonuses, agents actually NET money and are paid back all of their splits and fees in bonuses!
Example Commission & Fee Scenarios
Elite Agent Explained
Notes:
These are obviously just projections to give you an idea.
On average, agents hit their cap at around 5-6 closings.
Agents achieve Elite status typically between 25-30 closings unless they are in a high priced market and are able to sell multiple higher-priced listings.
Upon hitting Elite, agents receive $16,000 in stock rewards. Any additional $8,000 may be earned via the Real Cultural Award. This is typically achieved by being willing to teach an online class 1 hour per month in the Real Academy as a way to give back to the community.