Pay Attention to the Small Print – Hidden & Junk Fees at Other Brokerages
One of the questions we get asked the most here at Realty45 Inc has to do with hidden and junk fees. Have you worked at brokerages that ask for hundreds of dollars for Errors & Omissions insurance, separate fees for sales and rentals, or fees for keeping escrow?
It makes sense that, as our future associate, you’d be worried about spending too much on unwanted fees. After all, some brokerages may charge lower monthly fees, just as we do; but they will also ask for more than $250 in sales fees, including plans that require you to pay $25 + 5% for rentals. Moreover, they may charge an additional $50 to $500 for Errors & Omissions insurance. Does that sound fair?
It doesn’t stop there. To add to the confusion, other brokerages provide up to 5 different plans to choose from, some even discarding the monthly fee altogether. Only later will you see that you have to pay a flat fee of more than $500 per transaction, 90/10 splits for rentals, and an extra $150 on E & O. How much of your hard earned commission will you really be able to keep after that?
We propose a much better avenue for our members. As a Realty45 Inc associate, you simply have to pay $45/month and $45/transaction, no other fees whatsoever. ALL our benefits, including the Errors & Omissions insurance, training, marketing materials, and full access to our state-of-the-art virtual office are covered by these fees.
Our experts can assure you that there will be no hidden fees or junk fees of any kind – not now, nor at a later date.
We invite you to ask our support representatives any additional questions you may have. Please contact us to learn everything you need to know about our policies.