FREQUENTLY ASKED QUESTIONS ABOUT AGENT SPONSORSHIP
For only $150 per month ($1800 per year) you will keep 100% of all commissions earned on transactions under $1 million, transactions over $1
million there will be a small split of 97% to agent 3% to brokerage. Errors and Omission Insurance is included.
YES. Since the Broker of Record is a member of the Local, State and National Board of REALTORS® all of the licensed agent are required to become members also.
No one likes to wait to be paid, so we authorize payments to be given to you directly at the closing and fund of a sale from the Title Company. Check that are receive at the office will be deposited, cleared and mailed out to the agents promptly.
No never. Your buyers, listings and leads are yours to take with you if you move to a new brokerage. Simple let us know and we can sign a release of your listings to give to your local board.
To keep the cost of sponsorship this low we do not offer office space to agents. Our business model for years has been a Virtual Realty Company, our current agents most often work from home, coffee shops, day offices and co-work spaces throughout city.
YES. This brokerage is approved to buy and sell HUD properties.
No. Sorry due to liability issues we currently do not allow our agents to engage in Property Management.
Zero. We do not require our agents to have a set number of sale in order to be sponsored with us. This is your business to grow, do as little or as many transaction as you like. You will never be pressure or have your license sent back to TREC due to low sales volumes.
Yes. Many agents find it beneficial to work together in groups or teams the most common being a husband and wife team. If you are currently working under a team or would like to start your own team we are here to help. Team pricing... the first team member is $150. per month and $125 for each additional member.
One of the many benefits of joining a virtual realty company is you market yourself and grow your business, we allowed agents to use their own phone number on lawn signs, this creates phone duty for them and not the brokerage. In the Realty United portal you will find digital images of our logos to use on websites, business cards, lawn signs and market materials. This materials can be outsourced in your local community.
We prefer agents to have done a fair number of transactions before coming over to Realty United, although we have great Broker support and helpful agent mentors we have found that the newest of new agents require large blocks of time and are not ready for our Virtual Realty Model just yet.
We will not accept agents with unresolved TREC complaints or negative enforcement notices against them within the past 18 months.
Things happen... if you know that your recurring monthly payment will be delayed or denied let us know and we will address it then. Once payment is stops unfortunately our sponsorship with you will also stop, your license will be terminate and returned to TREC.
Do you have questions that you don't see here? Drop us a line at our Contact Us page
FAQ - LIMITED LIABILITY COMPANIES
The cost involved in setting up your Limited Liability Company is as follows:
Texas Secretary of State filing fee is $300.00
Employer Identification Number is $ Free
Application for Broker License Entity with TREC is $235.00
E&O Insurance policy $ Varies
Sponsorship with broker of record is $295.00
Depending on how many agents you are bringing over with your new company you are looking at a startup cost of $830.00 plus E&O.
Yes. if the sponsoring Broker of the entity does not own 10% or more of the company, TREC requires that company to carry a $1,000,000 errors and omission policy.
This will be your company, owned and operated by you. You control the CDA's and bank accounts.
To keep the cost of sponsorship this low we do not offer office space. Our business model for years has been a Virtual Realty Company, our current teams and entities most often work from home, coffee shops, day offices and co-work spaces throughout city.
Once your LLC is licensed with TREC, we then simply apply to buy and sell HUD properties under that new brokerage.
No. Sorry due to Broker Trust Accounts we currently do not allow companies to engage in Property Management.
No. This is your business to build and grow, do as little or as many transaction as you like.
We prefer our agents to have done many transactions before branching out and forming their own firm, although we have great Broker support and helpful mentors we have found that the newest of new agent require large blocks of time and are not ready for our Virtual Realty Model just yet.
We will not accept agents with unresolved TREC complaints or negative enforcement notices against them within the past 18 months.
Things happen... if you know that your recurring monthly payment will be delayed or denied let us know and we will address it then. Once payment is stops unfortunately our sponsorship with your company will also stop, company sponsorship will be terminate.