If you are a real estate agent, you should be aware that there are a number of things to think about before choosing a brokerage. Some of the things you should consider include the broker’s fees, the quality of the brokerage, and the level of support provided by the broker.
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eXp Realty vs Real Brokerage
If you are considering joining the real estate industry, you may have heard of eXp Realty and REAL Brokerage. Both brokerages offer training, lead generation tools, and support to agents. However, they differ in many ways.
Unlike REAL Brokerage, eXp offers an income sharing program for its agents. This program gives revenue share earnings to those who recruit qualified agents. The revenue sharing percentage is based on the number of qualified agents who participate. eXp also provides stock options to high performing agents.
REAL Brokerage, on the other hand, offers a stock award program for its agents. Agents can earn stock through company participation and purchase of a product at a discount.
Real brokers offer several different types of training, including live and recorded sessions. They also offer live, live-chat support.
No desk fees
It’s no secret that the Real Estate industry has some serious teeth gnashing to do. While there are some naysayers out there, there are also many winners. With the right approach, you can make a mint as a Real Estate agent. For example, you can earn enough money to retire in style. There is a plethora of tools and techniques to help you reach your financial goals. One of the best ways to start is to find a quality broker. Read up on the industry so that you know what to look for. Likewise, if you’re considering joining a new brokerage, take the time to do a bit of comparison shopping. This is a surefire way to learn which ones have the best pay plans, training programs, and services.
Coaching and support
One of the best ways to get an edge on the competition is to engage in some form of real estate coaching and support. This may be a one-on-one or team experience. It is a good idea to ask your broker or coach about the various types of programs available. They can help you determine which is the most suitable for you.
Real Estate agents can choose from web coaching services, e-learning courses, and traditional face-to-face classes. Many of these programs offer a “no obligation” trial period. These are great options for those who are new to the industry or those who just want a refresher course.
The REAL Broker system is designed to make it easy for agents to build teams and scale their businesses. The company offers many avenues of support, including a dedicated marketing portal, a mobile app, and a host of resources for team leaders.
Stock awards
If you’re in the market for a new broker, it may be time to take the plunge. Fortunately, Real offers an award program that is designed to reward agents of all stripes, and has no monthly fees to boot. Applicants simply fill out an online application, and a local leader will be in touch. Having said that, it’s a good idea to learn about what you’re signing up for before you make the commitment. Upon acceptance, you’re well on your way to becoming a part of the real estate fraternity. As you become an agent, you’ll get to take advantage of the company’s perks, which include a slew of freebies and a plethora of educational and networking opportunities. Plus, you’ll get a nice bonus at the end of the year, and you’ll be eligible to participate in the company’s most lucrative promotions.
No E&O insurance
If you are a real estate broker, you may be wondering whether or not you need E&O insurance. E&O insurance protects you from liability claims for damages caused by omissions, errors, and negligent acts. It is also designed to cover your employees.
Many states have laws that require agents to carry E&O. However, it is important to remember that not all policies are created equal. You should do your homework and compare policies before you sign up.
The cost of an E&O policy varies by state. It can range from $360 to $1,000 per year, depending on the location of your business and the amount of coverage you are seeking.
A standard E&O insurance policy will usually include one deductible and a limit of $1 million for each claim. There are also additional coverage options that are available.
