REFER A FRIEND
STANDARD BROKER FEES:
$500.00 or 10% (whichever is less) from the standard (3%) agent commission and $135.00* Broker Risk-Management fee per single agency transaction up to $1 Million.
Dual and Listing Agent or Direct Relative Owned Property (AOP/DROP) transactions are categorized as Highly Supervised Transactions and specific rules and fees apply. See the Highly Supervised Transactions section below for more details.
Our Associate-Licensees are allowed to buy property for themselves and it is standard fees as long as no Highly Supervised Transaction guidelines apply.
MINIMUM COMMISSION REQUIREMENT:
Associate-Licensee is free to charge any commission amount for their services. For standard transactions, a minimum commission of $2000.00 or 3% (whichever is less) of the sales price, per million, is required. If the Associate-Licensee abandons the transaction and the Broker must complete it, the minimum commission amount may be used to cover Broker fees and expenses.
Selling Agent or Direct Relative Owned Property (AOP/DROP) minimum commission is 0.75%* of the final sales price.
Dual Agency minimum commission is 1.50%* of the final sales price.
Dual Agent Owned Property (AOP/DROP) minimum commission is 2.00%* of the final sales price.
Receive $100 every time one of your recruits closes a qualified transaction.
Qualified transactions consist of sales transactions where a broker fee of at least $635 is paid.
Is not applicable when recruiting a spouse, agents working as a team, or when the agent is a party to the subject transaction.
The recruiting bonus will be paid for 24 months from the day the recruited agent joins the REeBroker Group.
BROKER & RISK MANAGEMENT FEE PER CLOSED STANDARD TRANSACTIONS
(Does not apply to Highly Supervised Transactions)
When the sales
price is < $1 Million
$500.00 or 10% of standard agent commission (whichever is less) + $135.00*
Standard agent commission is 3% of the sales price
When the sales
price is > $1 Million
Additional $63.50* for every $100,000 price increment over $1 Million
Supplemental Risk Coverage (Optional) Insurance
E&O insurance standard deductible of $20,000 per agency waived for an agent.*
Note: Optional insurance cannot be added after the close of escrow
$49.95 + $4.99 for every $100,000 price increment over $1 Million
*E&O Insurance and Risk Management fee included
BROKER FEE ON Highly Supervised TRANSACTIONS
Special Requirements for All Highly Supervised Transactions:
A Broker-Supervisor will be assigned to oversee the entire transaction, may provide agency representation to buyer(s) or seller(s), and/or consult with the principals to prevent any possible conflict of interest.
The Broker may prohibit a dual agency transaction for any reason.
NHD, Home Inspection, Home Warranty, and MLS Listing are required.
Listing Associate-Licensee Owned Property (AOP) or Direct Relative Owned Property (DROP)
When title is held by:
Agent, their company, trust name = AOP
Family member = DROP
0.75%* of the sales price
Dual Agency Transaction
Note: Dual agency is when both the buyer and seller are represented by the same agent or two REeBroker Group agents.
1.50%* of the sales price
When Dual Agency and AOP/DROP occur in the same transaction
2.00%* of the sales price
Other Highly Supervised Transactions
Transactions deemed Highly Supervised by the broker and/or E&O insurance
Based upon individual transaction risk
Broker reserves the right to not proceed with a transaction or charge an appropriate fee
*E&O, Risk Management, and Supplemental Insurance coverage are included.
NOTE: Associate-Licensee is not permitted to conduct Property Management Services for the Public
If an Associate-Licensee rents/leases their own property(agent's name on title).
If the property is listed on MLS, the agent must email the office the property address.
If an Associate-Licensee rents/leases clients' property
10.00% ($50 min)
Fees also apply to transactions for relatives/friends and even when the commission is waived. If the commission is waived by the agent, the fee is calculated as 10% of one month's rent.
$15,000 annual cap. This cap only applies to rental/lease transactions.
REFERRING A CLIENT TO ANOTHER AGENT
For referring client(s) to another Associate-Licensee within the REeBroker Group
Associate-Licensee receives 100% of the referral.
For referring client(s) to an outside Broker/Agent (not within the REeBroker Group)
10.00% ($75 min)
Associate-Licensee receives 90% of the referral.
OTHER BROKER FEES
Applicable for 3rd transaction file check
$100 per file check
Broker will check transaction files twice at no cost; all subsequent file checks are subject to the $100 fee.
Broker Price Opinion (BPO)
payment processing fee
Processing fee is charged per check issued by the REeBroker Group.
By becoming an Associate-Licensee with the REeBroker Group, you agree to pay all the above fees and charges. The REeBroker Group reserves the right to change the terms of the fee agreement for all independent contractors without notice. All such changes shall be applied immediately and are fully binding.
2035 Corte Del Nogal Suite 125
Carlsbad, CA 92011
Tel: (760) 722-3222
*High-risk transactions have a different fee structure. $135 E&O fee added to all transaction.
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