December 27

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44. What Is a Sponsoring Broker? The Basics You Need to Know

You've completed all 180 hours of licensing education and managed to pass the exam. You've even managed to find a sponsoring broker, but the amount of commission they take out of your pocket almost feels like extortion.

You're thinking about going it on your own and we don't blame you.

It's going to mean staying active as a real estate agent and going back to school full time. You've got a lot of hard work and long days ahead of you. 

Fortunately, there's an easier way.

If you're ready to break up with your broker, stick around and we'll tell you how you can. 

Option 1: Become a Broker

To become a broker in Texas, there are both education and experience requirements.

You'll need a total of 900 classroom hours: 270 hours of approved Pre-Licensing course work and 630 related classroom hours. You must complete the former two years before you apply for your license.

At the end of each class, there is a final exam. To get your license, you must pass each test with a score of 70% or better so study hard. 

Then there's the experience.

That's at least 4 years as an active, licensed real estate agent or broker within the 5 years before you apply.

Oh!

Remember to report a total of 3,600 points to the Qualifying Experience Report for Broker License. You'll need that too. 

Option 2: Get a New Kind of Sponsoring Broker

Broker Breakup is a new kind of brokerage agency.

Instead of giving us most of your commission on every sale, you pay us a small monthly or annual fee. The fee we charge is a fixed rate. It'll always be the same amount even if you have a record-breaking sales streak. 

You work hard to sell homes under someone else's brand. Your charisma and positive attitude strengthen your broker's image. You deserve your own brand to build and we can give that to you. 

It's time to stop toiling away for someone else and start striving toward your own success. Our sponsorship tools that can make it happen. 

Sponsorship Plans

One of our three Sponsorship Plans is sure to suit your needs. 

LLC Sponsorship Plan (LLCSP)

Instead of a monthly fee, this plan is available with a one-time setup charge of $1,500. In exchange, you get a Texas limited liability company (LLC) and a Broker's License from the Texas Real Estate Commission (TREC). 

The setup fee covers: 

  • Secretary of State filing fees
  • TREC filing fees
  • Time spent licensing the LLC
  • Arranging MLS access with the local board of realtors
  • Developing an Office Policy Manual and other materials

The entire process takes about four weeks to complete. In the meantime, you can stay with your current broker or sponsor you ourselves. 

You're the sole owner of the company. Broker Breakup's principal owner is the sponsoring broker and manager. As long as you maintain your Texas real estate license, you'll remain in compliance with TREC's requirements

You can even hire your own agents and act as their sponsoring broker. The first agent carries a monthly fee of $225. Each subsequent agent is $125 per month. 

Negotiate commission splits anyway you want. It's your company after all. 

This is the perfect plan for experienced sales agents. If you're still getting your feet wet, one of our Individual Sponsorship Plans may be a better fit for you. 

Sponsorship Options So You Keep 100% Commissions

I wanted the ability to launch my own brand and company.  Brent has been an amazing asset.  His expertise and legal team are always behind the scene.  His timely response to our needs is the best!

Shelly Scanlin / Styled Real Estate

Broker Breakup Testimonials Shelly

I could not give Broker Breakup a higher recommendation.  Brent has been an amazing mentor.  He has helped me build my business.  This is a great opportunity to own your own brokerage.

Chase Bray / Bray Real Estate Group

Brokerage Sponsor in Texas

Broker Breakup is an amazing company and Brent is an incredible person and has so much to offer.   I would  100% recommend Broker Breakup for any type of sponsorship you need.

Crissy Broeske / Seasons of Life Realty

Texas Agent Sponsor

Plan Features

In addition to the features we've already mentioned, you'll also gain access to the following features and tools: 

Senior Level Broker Support

We'll give you all the support and guidance you need to be successful. If you have questions, all you have to do is give us a call. 

With the ISP plans, you get support 24 hours a day, 7 days a week. You're surrounded by people who want you to prosper and we'll do everything we can to make that happen. 

In-House Attorney

If you need legal advice, you can turn to our in-house attorney. There's no need to hire your own and there are no extra fees for seeking counsel. 

Professional Letterhead

You'll get a professional-quality letterhead from Pinnacle Realty Advisors so all your communications look the part. Clients will know you're a qualified agent capable of taking care of their needs. 

Free Leads Provided (still no commission split!)

Are you a new agent looking to fill your pipeline and close hot leads?  We provide hot leads for free! And we still don't take any of your commissions!

Breakup With Your Broker Today! 

If it's time to break it off with your broker, let Broker Breakup step in to pick up the pieces. We'll act as your sponsoring broker and you'll get to keep what you earn. 

If you still have questions, read our FAQ's or Contact us. 

When you're ready, sign up and we'll get the ball rolling as soon as possible. 

posted December 27, 2019

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