We’re seeing more patterns with real estate brokerages claiming to give 100% commission on every real estate transaction. But what are you really getting for that? As a rule you are getting literally nothing.
Sounds engaging, huh? Keeping the entire commission?
Being part of 100% commission model, you are paying out of pocket for all costs which will include: month to month software systems, errors and omissions insurance, work area expenses and administration assistance. These in many cases effectively surpass $1,000 per month in extra expenses.
Past the expenses every month you will need to represent all products and marketing. You’ll be in charge of your own website, photography, postings, yard signs, lockboxes, pamphlets,etc. In the event that you need it to maintain your business, you have to plan and budget for it.
These things are attainable and you can definitely handle yourself depending on the volume of business you are wanting to deal with. Remember that you should schedule time for structuring Facebook promotions, requesting signs and composing your own contracts. You assume full liability for paying and keeping up everything that you have to manage.
For a realtor who just wants to sell a few homes per year and make some extra cash on the side, it makes sense to do everything by yourself. In order to really grow your business and sell more year after year, you’ll want to consider what systems and support brokerages actually offer.
Focus on the goals you set and align yourself with a model to reach them. Which will increase your income without a doubt.
100% models can be incredible, yet on the off chance that you are following the success of our team and want to replicate that, you’ll need to outsource most all of the things mentioned above.