Are you thinking about working with a 100% commission real estate brokerage as an agent? Learn more here about why that's a great idea.
It's no secret that working as a real estate agent comes with the opportunity to make a large amount of money. After all, real estate is one of the fastest ways to increase your net worth. Some agents have the opportunity to work with a 100% commission brokerage but aren't quite sure if they should do so.
We’ve put together a guide with all the details that you need to know. Let's get started.
So, What Is a 100% Commission Brokerage?
As the name implies, a 100% commission broker sponsor offers real estate agents the opportunity to keep all of the money that they receive for their real estate services. In a typical scenario where an agent is employed by a conventional broker, they might be required to allocate approximately 30% of their commission to the broker they work for.
In a scenario where you work with a 100% commission broker, however, you only have to pay a menial fee per transaction.
Benefits to 100% Commission Sponsorship
The most obvious benefit of working for this type of broker is the amount of money that you can make as a real estate professional. In general, the fees that you pay for each transaction are less than $500.
So, if you sell a home that's worth $500,000, this number is completely negligible. Even if you sell a large number of properties within a year, your commission will greatly outweigh the fee that you pay to the broker.
Is 100% Broker Sponsorship Right For Me?
It's important to note that in the past, there has been a trade-off associated with working with this type of broker.
Put simply, that just isn't the cas any longer. With Broker Breakup, you have access to all of the amenities that you would at a traditional brokerage. This means you get to choose your own office space, but everything esle is at your disposal, including your own training resources.
So, those who are just starting out in the industry might find it easier than they anticipated to work for a 100% broker sponsor. Also, this type of occupation rewards those who are self-sufficient even greater. If you feel as though you are capable of managing your own showings, advertising your properties, and handling all of your clients’ needs, you have the potential to make exponentially more money than you would otherwise.
This level of flexibility is often something that can only be achieved by those who own their own brokerage. It's also a great opportunity for you to help establish a brand as a professional agent as opposed to building the brand of a brokerage.
Maximizing Your Real Estate Commission Is Essential
After all, this will play a significant role in your annual income.
Real estate agent commission at a 100% commission brokerage is often a better opportunity than you will find elsewhere. So, be sure to take advantage of it.
Want to learn more about what we have to offer? Feel free to get in touch with us today and see how we can help.