Joining a Zero Broker Split Real Estate Firm
There are practically countless real estate brokers scattered around the United States today. They will usually take at least 30% of their agents’ commissions to run their business and, of course, to pump up their profits. If you’re an agent in search of more financially and personally rewarding opportunities in the real estate industry, joining a firm that will give you your commissions in full – or at least almost – could be the answer. Yes, these firms exist and many have benefited and continue to benefit from this breakthrough concept.
So how do yo work with any of these brokerages? As you might expect, the process can be unique for each firm, but more or less, this will probably be the flow:
Choosing a Plan
The first step will require you to select a plan that you believe fits you best. If you’re new to the business, you might want to go with the least pricey option so you can save some cash just in case you don’t reach your sales target.
If you’re an experienced agent, on the other hand, a pricier plan will offer you savings on all closed transactions, thus increasing your total earnings. Sometimes, you may not find an option that actually aligns with your goals or expectations. In such a case, most brokerages will let you present your own deal. That means you will have more liberty in pursuing more earning opportunities.
Adding Licensing and Contact Details
This part is as easy as keying in your name and professional license number. If you have no number yet, by all means, get one. The process is easy though a bit time-consuming. On top of that, you have to enter your contact information, specifically your phone number and email address, so you can receive a confirmation of your acceptance. Make sure the information you supply is current so you can be contacted as soon as possible.
Answering More Questions
More information will usually be asked from you when you apply to a brokerage. You will have to answer more questions and you are expected to be truthful with your answers. For instance, they may ask you about the realtor organization you are associated with. If you don’t have any group you belong to yet, the brokerage may still consider you as long as you show an interest in joining one soon. And it doesn’t matter if that brokerage is not part of the organization you plan to join or have already joined.
Mastering the Rules
Lastly, you need to go over the rules and policies of the brokerage and indicate your agreement to them. After ticking the “I Agree” box, you’re done. Then you just need to wait for a response from the firm.
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