How it works - Membership & Transaction Fees
By now you must be saying "It sounds too good to be true! How does this really work?"
Very simply, our company makes money by collecting two forms of FIXED fees from our agents. These fees are NOT a percentage of your commissions but rather are fixed amounts payable monthly and per transaction. When you do the math, you'll discover that even after payment of these fees, the payout to you will be thousands of dollars better than at any other firm!
Here's how it works:
- Monthly Fees – Each agent pays a membership fee of $99 monthly – this buys you access to the services provided by the company and most importantly, to the 100% commission payout model we offer.
- Transaction Fees – These fees are payable ONLY when you complete a deal. The amount of the fee depends on whether the transaction is a rental or a sale:
- For a Rental Deal, the transaction fees range from $200 to $700. The highest fee you will EVER pay for a residential rental deal is $700! These fees vary based on the commission paid to you. Slightly higher fees apply to larger commercial leasing deals.
- For a Sale Deal, the transaction fee is $1,000 for any sale with a closing price below $1.5 million. A small additional fixed fee is added when the price is above that amount.
You keep 100% of your commission, less the fixed transaction fee – it's that simple.
Example 1
David is primarily a Rental Agent, but gets a couple of sales each year as well. Last year, he did twelve rental deals (for simplicity, we'll say his commissions averaged $4,500 per deal) and one sale of a $1.2 million condo which paid him a 3% commission. Here's how the numbers stack up for the year:
At a typical 50/50 Payout Firm | At Level Group with 100% Advantage: | |
12 rentals x $4,500 = $54,000 x 50% = $27,000 | 12 rentals x $4,500 = $54,000 Total transaction fees ($ 6,000) = $48,000 | |
1 sale @ $1.2 mm x 3% = $36,000 x 50% = $18,000 | 1 sale @ $1.2 mm x 3% = $36,000 Total transaction fees ($ 1,000) = $35,000 | |
David's Total Earnings = $45,000 | David's Total Earnings @LG = $83,000 | |
a $38,000 increase! 84% more! |
David increased his annual earnings by 84% just by switching to Level Group!
The work done was exactly the same – switching to Level Group made all the difference.
Even after you account for his monthly membership fees, David made $36, 800 more at Level Group!
The work done was exactly the same – switching to Level Group made all the difference.
Even after you account for his monthly membership fees, David made $36, 800 more at Level Group!
Example 2
Anne is exclusively a Sales Agent. Last year, she closed seven sales ranging from a $370,000 studio
to a $1,400,000, 2-bedroom condo. Her commissions on these deals ranged from 2.5% to 3.0%,
for a total gross of $152,100. Here's how her numbers stack up for the year:
to a $1,400,000, 2-bedroom condo. Her commissions on these deals ranged from 2.5% to 3.0%,
for a total gross of $152,100. Here's how her numbers stack up for the year:
At a typical 50/50 Payout Firm | At Level Group with 100% Advantage: | |
7 sales @ various commission rates Total gross commissions = $152,100 x 50% | 7 sales @ various commission rates Total gross commissions = $ 152,100 Total transaction fees ($ 7,000) | |
Anne's Total Earnings = $ 76,050 | Anne's Total Earnings @LG = $145,100 | |
a $69,050 increase! over 90% more! |
Anne increased her annual earnings by over 90% by joining Level Group!
Anne's switch earned her a $69,050 pay raise!
Anne's switch earned her a $69,050 pay raise!
Same deals, same work, DIFFERENT COMPANY!
That's the Level Group 100% advantage!
The Level Group 100% advantage means that you can do things here that you cannot at other companies.
At Level Group you can:
- Negotiate more aggressively to get a listing now that you are not giving away half the money.
- Take on a partner or start a team – there's more than enough to share.
- Work the same hours and double your income, OR
- Work half as hard and earn the same as you do with your current broker!
How can you afford NOT to switch? Contact us today to learn more.
