Keep Your Commission: 3 Benefits of Zero Split Real Estate Brokers
In the United States, real estate agents earn on average about $46,616 a year. Yet, their yearly earnings can skyrocket depending on their commissions. It doesn't matter if you're a newbie or seasoned realtor, you know the importance of commissions to build your wealth and grow your business.
Typically, standard real estate agent commissions are split between realtors. Don't forget that your brokerage receives a percentage of your commissions as well. Wouldn't it be great if you could keep 100 percent of your commissions?
Believe it or not, zero split real estate commissions aren't a dream. You can keep all your commission if you partner with the right firm. Don't think it's the right call?
Here are the top 3 benefits why you should consider joining 100 percent commission real estate companies to skyrocket your earnings.
1. Earn More Money
Real estate commissions constitute most of a realtor's earnings. It doesn't matter if you're experienced or new to the business, you should be splitting your commissions with the other agent in the transaction and, your brokerage will keep a percentage. (Check out our competitive commission plans for agents: here)
When you choose to join a 100 percent commission broker, you won't be leaving money on the table. You'll receive the total amount of commissions paid by the seller for the sale of their home.
Even if you negotiated a low percentage rate with your broker, these fees add up and put a dent in your earnings. Not sharing your commissions with your brokerage will skyrocket your earnings in no time.
2. Pay Your Brokerage a Fixed Fee
When you join a broker, you agree to pay them a percentage of your realtor commissions. When you choose the zero split commissions model, you won't pay your broker a percentage. Instead, you'll pay the brokerage firm a fixed monthly or yearly rate.
Each firm has its own program. It's recommended to ask them about the fees charged and how their 100 percent realtor commissions model works. Here are some examples of fees 100 percent commission real estate companies may charge.
Administrative Fees
Risk Reduction Fees
Administrative Fees
Monthly Fees
3. Get the On-Demand Support You Need
Running a real estate office isn't easy. When you choose to join 100 percent commission real estate companies, you may think you'll sacrifice the support you receive from your broker. Yet, most zero split commission models include on-demand office support to help your business grow.
Basic amenities such as office space are vital to real estate agents. It's recommended to ask what type of support will you receive as a 100 percent commission partner. Can you use their offices?
Will the firm assign you a desk at their facilities? Do they offer a referral program to develop additional income? These questions can give you a better idea of what to expect.
Is Joining a Zero Split Real Estate Broker the Right Call?
While joining 100 percent commission real estate brokers isn't for all realtors. You should consider the benefits and potential of joining one of these programs and stop leaving money on the table. It's important to consider the program features such as office amenities, support, and referral program.
Consider meeting with the real estate broker and discussing their program. Be sure to do your homework before meeting them and make a list of questions. It's important to learn as much as you can about them before signing on the dotted line.
Are you considering joining a zero split real estate broker? Read our article for your personal step by step guide to take your real estate game to the next level.