REeBroker Group Fee Schedule
REeBroker Group offers competitive rates and high quality support and services to our agents.
The company has a strong reputation, with a 4.9 rating on
Google,
Yelp
and an A+ rating from the Better Business Bureau (BBB). REeBroker Group has a large network of almost 2000 agents located throughout California.
NO Start-Up, NO Monthly, NO Recurring Fees
Agents are able to set their own commission with their clients, the Broker fees will still be calculated based
on a minimum agency commission of 2.5%. If an agent wants to reduce the commission, commission cannot be reduced
lower than the total Office Fees plus a refundable $1,000. The refundable $1,000 may be used even if the transaction
is abandoned, the Broker has to step in, or if critical forms are missing.
Flat Broker Fee Plan:
The Broker Fee for Standard1 real estate transactions is $5001 + $135.002 for Risk Management.
Capped Broker Fee Plan:
The Broker standard fee per closed real estate transaction is 8% of commission plus $135.002 for Risk
Management. Broker Fee for Standard and Non-Standard transactions fall under the REeBroker Group 15K cap
for the calendar year. You would only pay only Risk Management after reaching the cap at the close of escrow.
See details below or use our calculator to estimate your REeBroker Group fees.
Agents are able to set their own commission with their clients, the Broker fees will
still be calculated based on a minimum agency commission of 2.5%.
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A standard transaction is when an agent represents a buyer, and when an agent represents a
seller who is not the agent, a direct relative, or owned company. Please ask the office for
additional clarification. An additional $50 per $100,000 price increment over $1 Million will be
added to the broker fee.
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An additional $13.50 per $100,000 price increment over $1 Million of the Final Sales Price will be
added. This fee is not charged on Referral, Rental, or Loans transactions.
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$50 minimum (whichever is higher). Fees also apply to transactions for agents who use their real
estate license, relatives/friends and when the commission is reduced. If the commission is reduced
by the agent, the fee is calculated as 10% of one month's rent.
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In-House applies to referring client(s) to another Associate-Licensee within REeBroker Group.
Outside Broker/Agent (not within REeBroker Group) includes out-of-state transactions. Minimum
broker fee is $75.00
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Agent-owned property sales and dual transactions are carefully scrutinized in order to protect the
interests of the clients, agents, and the brokerage. Approximately 80% of legal issues in the real
estate industry are believed to be related to these types of transactions. If high risk fees are
lower than standard fees; then standard fees will apply.
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Listing Associate-Licensee Owned Property (AOP) or Direct Relative Owned Property (DROP)
applies when title is held by: agent, their company, trust name = AOP or family member = DROP.
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Dual agency is when both the buyer and seller are represented by the same agent or two
REeBroker Group agents.
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If Dual Agency and Listing Associate-Licensee Owned Property (AOP) or Direct Relative Owned
Property (DROP) apply in the same transaction then the brokerage fee will be 30% of the total
commission.
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Payment processing fee is charged per check issued by the REeBroker Group.
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Minimum broker fee is $1,000 or 0.10% of Loan Amount (whichever is greater). Lender Paid Compensation
is currently set at 2% of the loan amount with most lenders but may vary on lender and/or individual
loan. Broker Fees are the same for Lender and Borrower Paid Compensation.
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Mentorship is not mandatory unless management sees that the agent will need much more additional help and resources
to complete their transactions according to DRE guidelines. If High Risk transactions and Mentorship are in the same transaction,
the total Broker Fees will be 30% plus Risk Management.