Real estate agents have always relied on commissions as a major source of their income. Traditionally, this means that they only get a percentage of the commission earned on a property sale, which can vary from 50-70% or more depending on their agreement with their brokerage. Joining a low fee brokerage allows real estate agents to earn more by not paying unnecessary commission splits.
Bruckman Realty charges it’s agents lower fees and doesn’t charge a split at all on most transactions by eliminating unnecessary overhead. From their single office they can provide training, technology, and exceptional support to their agents. Effective agents work comfortably from home, deliver documents electronically and meet their prospective clients at or near the properties they are interested in buying or selling. Buyers and sellers don’t visit real estate offices, agents shouldn’t be forced to either.
Real estate agents have a variety of expenses to consider when they decide to join a brokerage. One of the most significant expenses is the fee charged by the brokerage for using their services. These fees can vary greatly from one brokerage to another, and some brokerages charge their agents much lower fees than others. Joining a brokerage that charges lower fees can be an excellent way for real estate agents to earn more money. Here’s why.
Lower Expenses = Higher Profits
The primary benefit of joining a brokerage that charges lower fees is that it leads to higher profits for the agent. When the agent pays less to the brokerage, they can keep more of their commission. This means that the agent can earn more money while still providing high-quality service to their clients.
More Money for Marketing
Another benefit of joining a brokerage that charges lower fees is that it allows the agent to allocate more money to marketing. By investing in marketing, agents can attract more clients, which can lead to more sales and higher profits. With a lower fee from the brokerage, agents can afford to invest more money in marketing and advertising, which can help them grow their business and earn more money.
Access to More Resources
Joining a brokerage that charges lower fees can also provide agents with access to more resources. With fewer fees to pay, the brokerage may be able to invest more in technology, marketing, and training programs. This can be very beneficial to agents, as it can help them stay up-to-date with the latest trends and techniques in the industry.
More Flexibility
Lower fees can also give agents more flexibility in how they run their business. With more money in their pocket, agents can afford to take more risks and try new things. They can also offer more competitive rates to clients, which can help them win more business.
Joining a brokerage that charges lower fees can be an excellent way for real estate agents to earn more money. With lower expenses, agents can keep more of their commission, invest more in marketing, and access more resources. This can help them grow their business and provide high-quality service to their clients. If you’re a real estate agent looking to increase your profits, consider joining a brokerage that charges lower fees.
