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? Perhaps it’s time to consider joining a 100% commission brokerage.
A 100% commission brokerage is completely as it sounds – a brokerage that lets you keep your commission hundred percent, need to split it with anybody. Of course, that comes with all the classic benefits of a brokerage, such as support, networking, an office, and so on.
Joining a 100% commission brokerage allows you to run your business however you want to. That means you have more flexibility running the affairs of your business, whether it’s meeting up with leads or closing a deal, all while keeping a healthy social life.
If you work with a 100% commission brokerage, you can manage your documents conveniently in a single location. That’s because you will be given access to a virtual back office where all of your paperwork goes.
One of the reasons many agents break away from typical brokerages is a lack of transparency regarding broker charges and fees. 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
Many 100% commission brokerages, through the help of their transaction coordinator, will make sure that you also get installment as your transaction reports are forwarded and approved.
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. Agents who have been in the industry for a while have surely built relationships that help them improve their services, so the last thing they need is their broker manipulating them to patronize their in-house services. They can function independently and do even better.
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. It’s not uncommon for big-firm agents to feel somehow forgotten or left out. At 100% commission brokerages, agents get individual attention all the time.