Because traditional real estate brokerages take lots of extra money from their real estate agents in the form of commission split and other fees of all sorts. At Real Estate eBroker, we only charge $500 per closed transaction to all of our real estate agents.
Absolutely nothing.
No. You can do none, one or hundreds of transactions per year. You will pay only $500 per closed transaction.
There is a risk management fee of $135 per closed transaction. This fee includes the costs of E&O insurance, legal advice, settlements, judgments, legal fees, claims and litigation and other risk-management costs.
We will charge $500 transaction and $135 risk-management fees. The remainder of the commission is yours.
You will get paid same day when escrow is closed and the transaction’s file satisfies our requirements. You may get paid right out of escrow.
Yes. You are free to set your own sales commissions, as low as $2000 or as high as you want.
It is legal to make a refund to the principal (buyer or seller) only.
1) The refund would be distributed from escrow, you need to mention this fact in the purchase agreement or addendum. Escrow will include this refund in their commission distribution instructions and it will be included in the final statement. This is the recommended way.
2) Real Estate eBroker can distribute this refund. We will cut one check for you and one for the buyer. Real Estate eBroker will provide one additional form for the buyer and take care of the 1099 forms. There is an additional $50 charge this way.
3) You can make this refund to the buyer by yourself but you may have to pay income tax on this refund. Ask your tax adviser before choosing this option.
4) Buyer's W-9 form is required. Otherwise refund will be taxable to the agent.
No additional disclosure to any parties is required in any of these options.
Yes. You're free to select the services that best suit your clients' needs.
Real Estate eBroker is a member of the CAR, NAR and many regional boards. Our affiliates individually access their MLS. Please inquire with your local Board of Realtors about MLS access and/or membership costs, dues and requirements.
Standard CAR-approved forms. You may obtain them at the office of your local board of realtors, download them directly from www.winforms.com or directly from us. Note: CAR. forms are provided at no additional cost as part of your CAR membership benefits.
No. Our affiliates operate from their personal offices. At Real Estate eBroker, we believe that paying for a flashy office is not necessary to be successful in real estate. This also allows much higher commissions to go to you.
Email your resume to sbarnes@thehomegenius.net
Share
RSS