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Frequently Asked Questions


  1. How Much Is The Total Charge Per Closed Transaction?
  2. How Soon Do I Get Paid After An Escrow Has Been Closed?
  3. Can I Negotiate My Commissions With Clients?
  4. May A Real Estate Agent Credit A Portion Of The Agent‘s Commission To The Borrower?
  5. Can I Use A Local Source For Business Cards, Business Signs, And Materials?
  6. Are My Clients Free To Use Any Lender, Title Company, Or Escrow Company For Their Transactions?
  7. What About the Board Of REALTOR® Memberships And MLS Access?
  8. How Do I Get Broker Support?
  9. Do You Provide Office Space Or A Conference Room?
  10. As An Agent, Can I Charge The Buyer And/Or Seller A Fee On Top Of My Commission?
  11. How Do I Know What’s Required For My Transaction?
  1. How Much Is The Total Charge Per Closed Transaction?
     
    You will only pay 8%* plus a risk management fee of $135.00 (per million per agency). The remainder of the commission is yours. Dual and AOP transactions have a different fee structure. You can find your Fee Schedule on the Home Page as well.

* The percentage is based upon a 3% agent commission

  1. How Soon Do I Get Paid After An Escrow Has Been Closed?
     
    With an accepted file and broker permission, you may be paid directly, as soon as escrow is closed.

  1. Can I Negotiate My Commissions With Clients?
     
    Yes! You are free to set your own sales commissions, as long as the minimum broker fee for the transaction is met. The Broker fee will be calculated based on a 3% agent commission. See minimum agent commission requirements on the Fee Schedule.

  1. May A Real Estate Agent Credit A Portion Of The Agent‘s Commission To The Borrower?
     
    Yes. As long as the minimum agent commission requirements are met and the following are completed: 1. The credit must be disclosed in writing to all parties involved in the transaction 2. Credit/rebate must be done through escrow and stated on the final HUD. 3. All credits are subject to lender approval.

  1. Can I Use A Local Source For Business Cards, Business Signs, And Materials?
     
    Yes. As long as your marketing materials have our trademark logo and your DRE license number (and your NMLS number if applicable), you are free to purchase them from wherever you choose. If your marketing material contains more than basic contact information, Broker’s approval is required. Please see these link for more information Business Cards  Signs 

  1. Are My Clients Free To Use Any Lender, Title Company, Or Escrow Company For Their Transactions?
     
    Yes. We have a team of streamlined vendors (including Loan Origination) but they are free to use service providers of their choice. If your clients need a preapproval they can apply with the REeBroker Group Loan Division by completing this application.

  1. What About the Board Of REALTOR® Memberships And MLS Access?
     
    REeBroker Group is a member of the C.A.R., NAR, and many local boards. Each agent is required to obtain their REALTOR® status and their own MLS access. Please inquire with your local Board of REALTORS® about MLS access and/or membership costs, dues, and requirements.
     
    Click this link to view our current memberships

  1. How Do I Get Broker Support?
     
    Broker assistance is provided through our website, via e-mail at info@reebrokerca.com, or by phone 760-722-3222. We also have a broker hotline number found in your agent tools for after-hour assistance for issues that cannot wait until the next business day.

  1. Do You Provide Office Space Or A Conference Room?
     
    For our local agents, we provide a conference area that may be used during our normal office hours Monday - Friday 9am-4pm. The conference room is available by appointment only and the agent space is first-come, first-served. 

  1. As An Agent, Can I Charge The Buyer And/Or Seller A Fee On Top Of My Commission?
     
    Yes, an agent is entitled to charge a transaction fee to a buyer and/or seller. These fees are negotiable; rates can vary and must be agreed upon with the client in writing. As an example, the agent may charge a client for holding an open house, document preparation, clean up, broker's office fee, transaction coordinating, marketing, and other fees. The fee must be paid through escrow and stated on the HUD. No fee can be collected before or after the close of escrow and/or accepted directly by the agent.

  1. How Do I Know What’s Required For My Transaction? 
     
    We have printable checklists available here: Agent Checklist and you will also have access to an online checklist when you create your file in our system.