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How much does a realtor at Realty One Group pay to their broker per transaction?

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asked Oct 15, 2015 in Real Estate by luckybudda (1,240 points)
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Realty One Group offers a 100% commission to their agents, meaning the agents get to keep the entire commission from the sale rather than having to split it with their broker. [1] 

 

They do, however, have to pay a transaction fee for each sale that is made. For properties up to $500,000, this transaction fee is $400 plus a $175 technology storage fee. This fee increases by $200 for every $250,000 increase in the sales price. 

 

For instance, a $1 million property would have an $800 transaction fee while a $1.5 million would have a $1,200 transaction fee. Again, the realtor is also charged the $175 technology storage fee for each transaction. The transaction fee is capped at $15,000, meaning that an agent will never have to pay more than $15,000 per sale regardless of the sale price of the property. [2]

 

Rather than paying royalties or monthly fees, every agent also pays a flat fee of $100 per month. This money is split between the franchisee and Realty One Group, with $75 going to the franchisee and the remaining $25 going to Realty One Group. [1]

 

Twice a year, agents also have to pay a fee of $397.50 for errors and omissions insurance and risk management.

 

To make it a little clearer, here's a breakdown of the fees that the agents have to pay: [2]

 

  • Flat fee of $100 per month
  • $400 fee per transaction up to $500,000, increasing by $200 for ever $250K increase in the sales price, capped at $15,000.
  • $175 fee per transaction for document storage
  • $397.50 fee twice per year for risk management/E&O


References:

 

http://www.inman.com/2012/10/26/realty-one-group-now-a-franchisor/
http://bmcagents.com/

answered Feb 20, 2016 by blueskies (57,070 points)

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