In addition to commission splits,reasons for joining our team of professionals should include training and access to all Multiple Listing Services in the New York City metropolitan area.
Level of experience ( beginner, intermediate or advanced) and level of productivity ( low, middle or top) should help determine commission plan.
$ 99 monthly–Keep 90%-Sales and Rentals- minimum of 12 Transaction sides the previous year. ($ 149 with fewer transactions).
100% Commission- Per-transaction Plan
$ 299 monthly- $ 499 per transaction side. Rentals 10%.
NO monthly fees/NO Transaction fees. Agents keep 100% after $100k gross commission. Agent must have closed a minimum of 8 transactions the year before.
No monthly fees/NO transaction fees- Agents keep 100% after $80k gross commission. NO minimum production required for this plan. Ideal for new and part time agents.
$500 monthly fees + 5% on sales and rentals.
*** E & O -$50 on sale transactions applies to all plans.
RESIDUAL INCOME- There is NO LIMIT on how much PASSIVE INCOME you can make. For every agent you bring on board on the 70/30 and 80/20 plans, you will get a 5% override, which comes out of Empire State Realty’s side.
Example: If you recruited 10 agents who make$ 80k per year, you would make $4000 per agent. That is $40k per year in PASSIVE INCOME (very realistic). Work your own numbers.
“A La Carte Services” may be available to agents for a FEE”. If an agent cannot attend a engineer inspection, appraisal, survey, final walk through, open house, closing or similar service, another agent ( if available) may substitute for a reasonable FEE. these fees may be deducted from commission and paid to other agent.
LISTING PRESENTATIONS (OPTIONAL)– If broker personally makes a listing presentation to prospective seller and subsequently listing is obtained, at closing, $500 for every 10K ( or part thereof) of the listing is deducted from agent’s share.
TUITION REMISSION PROGRAM
When agent takes NAR/NYSAR Designation and Certification courses,tuition will be reimbursed to agent by deducting amount from the top of the full commission and paying it back to the agent.