RecruitQA

OUR AGENTS ARE MORE LIKE FAMILY.

Questions & Answers

Dan Benefield, GRI, e-PRO
(404) 377-1761

I don't have a license. How much do the courses cost? Presently, you are required to complete three courses for a total of 75 hours then take the State exam. GAMLS offers in class courses for $160.00 each, and a complete online course for $295.00. You can call (770) 493-9000 to speak with someone at the school or CLICK HERE to get more details.

What do you mean by residual income? Any agent with our firm responsible for bringing another agent into the fold will be entitled to the first 5 transaction fees of the new agent. This applies to as many as you bring in without limits, as long as you remain with our company.

Does the Company have minimum production standards? There are no minimum production standards, however, the Company does have an annual minimum for transaction fees of $800.00, or 4 transaction fees. This equates to roughly one small sale per year if you were on a traditional split arrangement. Note the following:

                   COMPARISON EXAMPLE

The Company Collects a minimum of $2000 in annual fees and transaction fees.

$100 x 12 = $1200 annual monthly fees
$200 x 4 = $800 minimum transaction fees

                     $2000 total annual minimum

Let's assume you make a $150,000.00 sale and you are on a traditional 60/40 commission split with a broker:

$150,000 x 7% = $10,500 total commission

$10,500 / 2 = $5,250   co-op sale

$5,250 x 60% = $3,150   agent share

$5,250 x 40% = $2,100   company share

As you can see, the total annual minimum fees for the company are less than the equivalent of one sale per year under a traditional split commission structure

Your residual income from recruiting may also be used as credit toward transaction fees.

I know you say 100% commissions paid, but what fees will I have to pay? In a nutshell, you pay $100 per month and $200 per transaction to the company. You will be responsible for your GAMLS fee which is presently $17 per month. FMLS fees are taken off the top of any closed sales at .12% of the sales price.

Who determines the amount of commission charged to the consumer? You do. The amount of commission you negotiate with a client is completely up to you. You must avail yourself to handle your clients transaction professionally regardless of the commission charged.

What other expenses will I have?All of our agents are Realtors so you will need to affiliate with the local Board of Realtors. You will be responsible for your signage and your own advertising, although the Broker must approve all advertising to insure compliance with Georgia law. The Company will pay for your 1st 250 business cards.

CAREER EXAM
CLICK HERE

BACK

HOME