What is Remax Realtor commission?

What is Remax Realtor commission?

The RE/MAX desk fee Although RE/MAX now takes a 5% commission from agents working under a 95/5 commission split agreement to handle marketing and MLS expenses, you’ll still have to pay a monthly desk fee. This desk fee varies by RE/MAX office and can be as low as $300 to as high as $2,500 per month..

Does Remax charge desk fees?

What are the REMAX desk fees? Desk fees might be up to $750 at some offices. That’s why some RE/MAX offices have lower splits (80/20, 70/30, or 60/40) but with a yearly cap and no monthly desk fees.

Does Re Max give you leads?

Through global.remax.com, RE/MAX agents receive the leads on their own listings, as well as referrals from RE/MAX agents around the world – with no fees added on from RE/MAX. At RE/MAX, you are able to easily connect with business opportunities from around the globe.

What is a desk fee in real estate?

A desk fee is a payment agreement between a real estate agent and their broker. A desk fee is charged by the broker monthly for providing office space and a desk to the agent. It might not be the only fee charged by the broker.

Is Remax a good company to buy a house?

RE/MAX is a trusted global real estate brand that has over 40 years experience. Their agent specializes in more specialties than their competitors.

Why do agents choose Remax?

RE/MAX agents average more sales than other real estate agents. They are better qualified to set the right price for the homes they list, better equipped to market those homes, and likely to find clients engaged in the homebuying process in a shorter period of time.

Why is re Max the best?

RE/MAX was selected as the top real estate brokerage franchisor based on various factors including unit growth, financial strength, stability and brand power. “We’re rolling into the new decade with great energy and momentum,” Contos says.

What is a million dollar agent?

(3)2019TV-PG. Top Million Dollar Agent is a new reality television show that showcases the best in luxury real estate around the world. Each episode features a couple looking to invest in a knockout property, aided by a cast of top Toronto real estate agents.

What is Remax Commission split?

RE/MAX provides a maximum of 95% to agents based on a 95/5 split. But that split is only for advanced agents that have a higher sales volume and an established base of business. The company also has other commission plans for lesser performing agents.

What is the role of a RE/MAX real estate agent?

Though some of the responsibilities of a real estate agent change based on if they’re working with a buyer or a seller, the general duties of all real estate agents include administrative work, research and marketing.

What is the average commission rate for a real estate agent?

Typically, real estate commission is 5%–6% of the home’s sale price. In most areas the buyer’s agent receives 2.5%–3% in commission and the seller’s agent receives 2.5%-3% in commission.

Can real estate agents accept referral fees?

Yes, real estate agents can pay referral fees, sometimes called a finders fee, to licensed persons. However, most state laws prohibit the paying of referral fees to unlicensed persons. Federal law also prohibits this in most cases. This law was spelled out in the Real Estate Settlements and Procedures Act ( RESPA ), passed by Congress in 1974.