Is this 100% commision brokerage legitamate?

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Hey guys!

     I have recently passed my california real estate exam, and I am trying to decide what brokerage to go with. I have a pretty good connection with a top agent in my area who works for Keller Williams and he's willing to mentor me. However I recently discovered a brokerage called Thrive that claims 100% commision payout. http://join.thrive.us

They seem to have lots of high end listing s on their website and of course I'd love a higher payout. However if something sounds too good to be true It often is. Does anyone know anything about this company or have experience with them? I like the vision they describe on their website and they have an office close to my location. Seriously considering making an appointment to learn more. Any tips or advice from experienced agents/broker is greatly appreciated!!

P.s they charge a monthly fee of 50 dollars and a closed transaction charge of $375.00 which doesn't concern me considering in so cal 30 percent of my commision is much more.