Do You Want to Make More Money in Your Sleep?
Real Estate Revenue Share is the Answer!
If you’re looking for a cloud-based brokerage that features a revenue-share component, you’ve got a couple of options to choose from, but you still need to check out Fiv Realty! Fiv Realty has the best-simplified revenue-share component in the industry. In many other companies, you have to jump through all kinds of hoops, and if you read the fine print, it’ll tell you – oh, you’ve got to do this and this to qualify for your revenue share. At Fiv Realty, we have NO FINE PRINT. It is simple, and it’s easy! If you bring someone to the company and they sell a house, you get paid – end of story!
What is revenue share and how does it compare to profit sharing?
Revenue sharing allows real estate agents to earn a percentage of the commission on the transactions closed by other agents they have referred to the brokerage. This approach provides an opportunity for agents to earn passive income and build long-term wealth. It allows agents to leverage their networks and refer clients to their brokerage without being directly involved in the transaction. This means agents can earn income even when they are not actively selling homes or working with clients.
Profit-sharing in a brokerage happens when the company shares a portion of its profits back to its agents. This seems great until you realize that profits are only shared after all the company expenses have been paid. In a profit-share model, sponsored agents can be productive, but if the office or franchise is not profitable, there is minimal or zero profit-share.
With Fiv Realty, you get a revenue share! When an agent you sponsor at Fiv Realty closes a transaction, the company will share part of that revenue with you. You earn revenue share until your sponsored agent reaches their annual cap.
How do I get paid revenue share with Fiv Realty?
When you bring someone into your circle in Fiv Realty, you get paid once that agent begins closing transactions. You get paid based on a percentage of that agent’s annual cap. It will be paid out to you as the referring agent on a monthly basis by the company. Fiv Realty has 5 circles, so when the agent you sponsor builds their circles, you will also receive a portion of revenue from their completed transactions. Revenue share is paid if the agent has an active real estate license held by Fiv Realty.
What are circles within Fiv Realty?
With Fiv Realty, you have 5 circles. There’s the old saying, “show me your 5 closest friends, and I’ll show you your future”. With Fiv Realty, you pick who is in your circles, and essentially, you choose your future within the company. Your first circle would be agents that you personally brought to Fiv Realty. The second circle would be agents that your recruits brought to Fiv Realty and continues down.
You are the average of the 5 people you spend the most time with. These people you surround yourself with affect your potential. When we surround ourselves with strong, high-achievers with good character, we are more likely to become like them. We care about your success and want you to be surrounded by a personalized community interested in your success.
How is Fiv Realty’s revenue share different from EXP?
Fiv Realty believes in being straightforward and transparent. A HUGE difference with Fiv Realty is the large percentage of revenue share you could receive. We want to give out more money with fewer restrictions. On your first circle, you receive 20% of the cap compared to other brokerages, which can be as low as 3.5%. At Fiv Realty, we don’t make you bring on a set number of people before you get paid. You get paid immediately for every individual who joins under you that contributes towards their cap that month. You keep earning revenue share until they reach their annual cap amount.
Why should you care about revenue share?
Have you ever had a dead month in real estate and been stressed about money? If you had a steady stream of income to fall back on during those slow months, it would financially take a lot of stress off of you. Revenue share allows you to diversify your income and buffers those dead months. This can be particularly beneficial for new agents just starting in the industry. Also, agents can struggle with setting themselves up for retirement. A revenue share can allow you to create retirement savings, so you’ll still make money even when you aren’t actively selling homes. The revenue share component can also be passed on to immediate family if you become deceased.
Questions? Want to Learn More?
If you have questions or want to learn more about Fiv Realty, we’d love to set up a phone or zoom call with you. Click HERE to schedule a time to chat!