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| Referral Plan | Residual Referral Plan | Referral Plan | Revenue Referral Plan | |
|---|---|---|---|---|
| Plan 1 | Plan 2 | Plan 3 | Plan 4 | |
| Type | Low Cap | Low Cap Residual | Per Transaction | Rev Share Plan |
| Monthly Fee | $0 | $0 | $75 | $0 |
| Franchise Fee | $0 | $0 | $0 | $0 |
| Agent Split | 50 / 50 | 70 / 30 | 100% | 80/20 |
| Agent Transaction Fee | $0 | $0 | $500 | $300 First Two |
| Client Fee | $0 | $0 | $250 | $0 |
| Commison Cap | $4,800 | $6,000 | N/A | $12,000 |
| Agent Referral Bonus | $500 - One Time* | $500 - Residual* | $250 - One Time* | Level 1-25%, Level 2-30%, Pays 6 Levels |
* Plans 1-3 have an Annual Fee of $249 (includes Agent E&O Policy) - Commercial transactions: 100% Commission minus $12,000 Cap on 85/15 split *
Every year on your anniversary date.
Absolutely Not. Only a $249 Annual Fee and $4,800 Commission Cap.
The bonus is paid out once the referred agent closes on their first sale.
You only need to sell $320k in real estate at the standard 3% Commission. Many of our Agents hit this mark after they sell only 1 Home!
The split is irrelevant when you have such an absurdly low Cap and begin earning 100% for every transaction!.
Once you've paid $4,800 into the Brokerage, you will receive 100% Commission of all of your transactions until your Anniversary Date.
Not at all. Your $4,800 Cap will reset at your Anniversary Date and any remaining balance will disappear.
You receive $500 bonus for each agent you directly refer to Red 1 EVERY year that they hit their Cap on Plan 2. They are considered your Level 1 Agents. You also receive a $250 bonus EVERY year for each agent who is referred to Red 1 by one of your Level 1 Agents and hits their Cap on Plan 2.
The annual bonuses are paid out quarterly after the Referred Agents hit their Cap.
Absolutely Not. Only a $249 Annual Fee and $6,000 Commission Cap.
You only need to sell $667k in real estate at the standard 3% Commission. Based on current Average Home Sale Prices, many Agents hit this mark after they sell only 2-3 Homes!
Referring Agents in Plan 1 only receive a One-Time Referral Bonus of $500 for each of the Agents they refer to Red 1. Referring Agents in Plan 2 receive a $500 Referral Bonus Every Year the referred agent Caps! Therefore, Agents on Plan 2 can end up paying less than $4,800 each year once they receive their bonuses! They could even receive more money from Red 1 in bonuses than their $6k Cap!
Once you've paid $6,000 into the Brokerage, you will receive 100% Commission of all of your transactions until your Anniversary Date.
Not at all. Your $6,000 Cap will reset at your Anniversary Date and any remaining balance will disappear.
This plan is typically only good for agents who only plan on selling a few homes per year.
The bonus is paid out once the referred agent closes on their first sale.
Yes, you are not required to charge your client the fee if you would like to cover it.
Not at all. You receive 100% commission minus only the fee(s) listed per transaction.