Individual Agent Plans

Revenue Share Plan Details

In order to take advantage of the Revenue Sharing Plan, the participating agent and any future agents brought into the company must also elect the 90/10 split to earn from their commissions.

• Bring in one producing agent at 90/10 (Agent A) and receive 5% of Agent A’s commissions
• Agent A brings in one producing agent at 90/10 (Agent B) and you receive 2.5% of Agent B’s commissions
• Agent B brings in one producing agent at 90/10 (Agent C) and you receive 1.5% of Agent C’s commissions
• This tiered commission structure will be in effect for every agent in each tier that is recruited and elects a 90/10 split
• For this to work to your benefit, you will want to bring in producing agents at a 90/10 split
• EXAMPLE
• Agent A has a $10,000 commission – you earn $500
• Agent B has a $10,000 commission – you earn $250
• Agent C has a $10,000 commission – you earn $150
• Earn In Excess of 100% commission. Create your own monthly Income Stream!

Rebate Program Plan Details

Agents who recruit an agent to the company may be eligible for a $25 rebate off their reoccurring monthly office fee.

Eligibility depends on the agent’s good standing with the company and at least 30 days affiliation from the recruited agent(s). This rebated office fee is good for up to 100% of the agents monthly office fee and cannot go over.

Example

Agent A is signed up under Sponsorship plan 1A ($150/month office fee)

• Agent A recruits 2 agents who sign up. Agent A receives a $50 credit ($25 x 2) towards their monthly office fee for the life that their recruited agents stay with company capped at 100% of their monthly fee. Their monthly office fee is now only $100 per month.

Agent B is signed up under Sponsorship plan 1C ($65/month office fee)

• Agent B recruits 3 agents who sign up. Agent B receives a $75 credit ($25 x 3)  towards their monthly office fee for the life that their recruited agents stay with company capped at 100% of their monthly fee. Their monthly office fee is now only $0 per month.

Notes:

•  No property management plans allowed or practice of property management permitted.

LLC Company Formation Plan

LLC Formation Explained

Ever wanted to own your own brokerage but haven't received your brokers license just yet? No need, we help motivated agents get a jump start on starting their own brokerage. Our Broker will act as the designated broker of record for your own company and work with you to obtain a brokerage license in the name of your company. In turn your new company brokerage license will sponsor your salesperson license. From there you can brand yourself, run your own business and bring on your own agents and negotiate your own commission splits, all with your own broker support.

In order to get started the first step is that  you’ll need to create an LLC (or Corp) through the Secretary of State or this can also be done through an existing LLC you already own.

Then you will need to obtain a copy of a Certificate of Good Standing from the Texas Comptroller’s office website showing your new company is in good standing.

Next you’ll need to get a $1million E&O policy for your company.  

Once you have all these docs in order, you would need to fill out the LLC Brokers license application https://www.trec.texas.gov/forms/real-estate-broker-license-business-entity

We then look over everything and send back to you if all the paperwork is in order. From there you will then need to send all of the above applicable documents into TREC along with their application fee. It should take about 3-4 weeks to hear back before a Brokerage license in the name of your company is issued. Once it is issued we will then switch your salespersons license sponsorship to your new company.

Up to this point we don't charge any up front fees, only once you switch your license is when we require payment for sponsorship $225 for yourself and $125 for any additional agents. Additionally, at that point is when we would get everything set up with your local board to gain MLS access.

If the LLC plan interests you, feel free to email us or give us a call for more detailed information on the entire process. We work with you through each and every step of the way!