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QUICK TIPS FOR REALTORS IN THEIR SEARCH FOR A REAL ESTATE BROKER
One of the first things that a realtor should consider when choosing a brokerage is the commission percentage or split. Many traditional brokerages divide the commission evenly, leaving their agents with less than what they should have been paid. This is why many realtors—beginner and seasoned—see the many advantages of 100% commission brokerage, and why you should consider switching to it, too.
Following the 100% commission real estate broker model, brokerages can give their agents the entire 100% commission. This enables agents like you to reap and enjoy all the benefits of your hard work in selling or buying properties.
Of course, nothing is free. Most brokerages offering this arrangement require realtors to pay a membership fee monthly or annually. They, in turn, provide training, support, and resources that the realtors need to boost their sales rate and credibility successfully.
It is important to take note that not all 100% commission brokerages offer the same services and benefits for agents. That's why you must do further research about the company before signing up.
Are you looking to join a brokerage with 100% commission? Here are some tips for you.
• Choose brokerages with clear policies.
A trusted real estate brokerage has clear and understandable policies. They will tell you exactly how much you need to pay for the membership fee per month and per transaction or closed deals. They are clear about their requirements and are also
consistent when it comes to receiving your commission.
• Watch out for hidden charges.
The brokerages that you want to avoid are those that impose many hidden charges. Pay careful attention to their terms before signing up. You want to know exactly what you are paying for and why.
• Opt for brokerages with flexible terms.
The 100% commission real estate broker model is designed for realtors who want to work at their own pace and build their brand. If this sounds like you, then join a brokerage that doesn't require full commitment, allowing you to work independently.
Look for those firms that will allow you to cancel your membership anytime.
• Check their reputation.
You are better off working under a brokerage firm that has an established name—one that has been in business for more than a decade. One way of checking if they are reputable is to check which companies they are affiliated with.