Selecting a brokerage

[Rick Ydvshi]

I am in California and I have experience buying / selling real estate. The market in my area is really competitive - no contingencies. I am taking courses to get my real estate license. However, I am not doing it to represent others. I only want to be able to represent myself. Do you guys have recommendation on brokerages that would make the most sense financially? I am NOT looking for training or mentorship. Just want to be able to represent myself.

[Kamil Baldyga]

Hey Rick,

I would look into eXp Realty. A lot of what they do is online. More importantly though, you get bigger commissions. The model is an 80/20 split with a $16K annual cap. That means each time an agent closes on a property, they keep 80% of the commission and 20% goes to eXp. Once you hit the $16,000 cap on your anniversary year, you keep 100% of the commission per transaction.

You also get stocks for the transactions that you do and you can participate in the Revenue Share Plan. Which is essentially passive income for real estate agents. Always good to build another income stream. Hope this helps, let me know if you have any questions about anything!