FREQUENTLY ASKED QUESTIONS ABOUT AGENT SPONSORSHIP

What will it really cost me?
$150. per month... That's it!
Do I pay for E & O Insurance?
No. Errors and Omission insurance is included, we do not added or hidden fees.
Do I have to be a member of the Board of REALTORS®
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.
When and how will I be paid?

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.

Do you keep my listing if I leave?
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.
Do you provide office space?
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.
Are you an approved HUD Broker?
YES. This brokerage is approved to buy and sell HUD properties.
Can I Do Property Management?

No. Sorry due to liability issues we currently do not allow our agents to engage in Property Management.

What is your minimum sales volume?
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.
Do you sponsor teams or groups?
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.
What about marketing materials, signs and business cards?

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.

Do you sponsor newly licesned agents?

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.

Are there any ethical requirements?

We will not accept agents with unresolved TREC complaints or negative enforcement notices against them within the past 18 months.

What happens if I stop making my monthly payments?

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. 

I like what I am hearing, when can I start?
That's great... if you are a current active licensed agent with another real estate firm you can simply go online to TREC's  My License Services agent portal and request us to sponsor you. Our sponsoring brokerage license number is 9006986.
Do you have questions that you don't see here? Drop us a line at our Contact Us page

FAQ - LIMITED LIABILITY COMPANIES

What are the total costs?

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  $305.00

E&O Insurance policy $ Varies

Sponsorship with broker of record is $295.00

Adding your license to your new business entity with TREC is $20.00

Depending on how many agents you are bring over with your new company you are looking at a minimum startup cost of $920.00 plus E&O.

Is E & O Insurance included?

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.

Does my new company have to be a member of the Board of REALTORS®
YES.  the Broker of Record is a member of the Local, State and National Board of REALTORS® agents and entities being sponsored by this Broker are required to become members as well.
How will I be paid?

This will be your company, owned and operated by you. You control the CDA's and bank accounts.

Do you provide office space?

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.

Are you an approved HUD Broker?

Once your LLC is licensed with TREC, we then simply apply to buy and sell HUD properties under that new brokerage.

Can I Do Property Management?

No. Sorry due to Broker Trust Accounts we currently do not allow companies to engage in Property Management.

Is there a minimum sales volume?

No.  This is your business to build and grow, do as little or as many transaction as you like.

Do you sponsor newly licesned agent LLC's?

We prefer our agents to have done many transaction 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.

Are there any ethical requirements

We will not accept agents with unresolved TREC complaints or negative enforcement notices against them within the past 18 months.

What happens if I stop making my monthly payments?

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.

I like what I am hearing, when can I start?
That's great... there are things that need to be done prior to submitting a Business Entity application to TREC. Lets have a conversation on how best to move forward, fill out the contact from on the Join The Team page. If you currently have a company registered with TREC and are looking for a new sponsoring Broker please contact us.