Well some people think they know what's best for others. Look at the brokerage industry that thinks they can pass stupid laws preventing people from deciding what real estate services are best for others. Back to exit the people that like exit are those that depend on someone else to pay for social security.

These services like realsys.org, avalar, kw and exit are taking advantage of people's dreams and hopes of getting something to do nothing.

"Look at the brokerage industry that thinks they can pass stupid laws preventing people from deciding what real estate services are best for others."

The brokerage industry doesn't pass laws. The ability to give rebates should be allowed and ultimately will be allowed around the country.

"Back to exit the people that like exit are those that depend on someone else to pay for social security."

Everybody depends on someone else to pay social security... that's how it works. We are paying for those that get it now, and when we retire it is to be paid by the new workforce. But there is no guarantee of that now and the SS Admin is anticipated to go bankrupt. FACT: Only 18% of the working Americans will be financially independent when they retire. The median income for all persons 65 and older is $18,157.00, and this figure includes social security income (Source: Social Security Administration)

"These services like realsys.org, avalar, kw and exit are taking advantage of people's dreams and hopes of getting something to do nothing."

Not true and you are missing the entire point of why these companies do this: it is to recruit and retain agents and develop long-term income. Ask any broker who recruits agents and they will tell you that it is a hassle and on-going challenge. An experienced agent can leave and open their own shop at any time. It's one form of business development and they are not getting something for doing nothing... they are getting something for helping build the business.

And.. if they can get that and replace what will most likely ultimately be lost because of SS's demise... more power to them. There are no pension or retirement plans for agents and though they should set them up themselves... most do not. And no one pays their health insurance. Sure there are exceptions but that's the majority of the industry. My proposal takes all that is wrong with KW, Exit, Avalar, etc. and addresses the flaws and brings it into a unified system that can benefit the industry.. which is why I propose it. Instead of paying 7-8% for a royalty, pay it into this and cover your E&O, improve compliance and build retirement income... pretty simple.

I agree with Pikes that no one can manage their money better then themselves... but it's not their money that is funding this... it's the brokers.... and agents still get their regular splits.

Well they have no choice. The FTC will make sure rebate is legal. but i'm not quite sure if consumers are buying into this rebate stuff it's just a discount broker in disguise.

you want to retain agents? Help them get more sales. They don't need another scheme to suck money out of their pockets.

OH YEAH? How much benefit is it if I am already getting 100% of every sale? The money does come out of the agents pocket.

Get with the trend the future is 100% commission. If you want to help the industry blossom dreams of future prosperity spend your time to develop a system to increase profit for agents making 100% commission.

Theotherside... I'm not going to waste my time debating this with you.

No one size fits all, and every person has to determine what is right for them. You are clearly focused on one business model which you feel is "the best". More power to you.

Maybe when you've been in the business awhile (like over 15 years) you will understand the industry better and the dynamics which drive these business models.

Good answer.

The dynamic of this business is sales buddy, not some cleverly disguised pyramid scheme. People are interested in feeding their children today. I met a man that was 85 years old and just finished his GED. 15 years in the business and still haven't moved up?

Dead horse.

"The dynamic of this business is sales buddy"

Exactly. And I'm not your buddy.

"not some cleverly disguised pyramid scheme"

no pyramid scheme, just a system of bonuses and overrides similar to one used by the majority of all financial institutions and insurance companies and any organization that has a commission-based sales force.

I'm done here unless you come back with something else unprofessional and juvinile.

Hello Broker,

I would just like to say i am not a broker but have owned businesses in other fields in the past.

The truth is we can theorize and create all day long,the true test is when the plan is implemented among agents and it will either flop or fail.


I can give you my experience.I started out with Metro brokers/gmac real estate in ga.A traditional brokerage on fat splits where i made very little money.I then went to www.solidsourcerealty.com.I had recieved other recruiting e-mails from other firms but this one was different,all the brokers said you will be sorry going to a 100 percent firm because there is no support.This was normally true but i decided to check it out anyway.

When i got there i was blown away,if i ever decide to leave they let me keep my business.I get 100 percent commission and pay a 45.00 a month fee that covers the mls's,e&o is paid one time a year at 150.00.

When i joined they had about 200 agents,now they were just named number 1 pacesetter for any business in the state of ga by the atlanta business chronicle and the company now has over 1,000 agents.I think that speaks by itself by the response on what agents want.

The newer agents tend to choose the low split companies because they need more work.Solidsource used to accept new agents but will now do so only under a mentoring program for the first few transactions with low splits.The 100 percent business model tends to attract the top producers who have no interest owning there own company.

Exit realty that split is a joke at 70/30 as we all know only a VERY small percentage of agents will commission over 100k a year,so that 100 percent is not very attainable for most agents.We all know new agents are where the brokers make there money on fat commission splits,the agents usually sell 1 to 3 deals before they poop out an quit.

The industry average turnover rate for agents changing companies is 40%,Solid source a 100 percent companies turnover rate is 5%.

I hope your business model works out.good luck

Theotherside: My, my. You need to work on your tone--it comes across as flaming, and you sound more bitter than constructive. Also, your punctuation skills are wanting--it's hard to follow what you're saying. As a result, you might be misunderstood--though you probably do indeed have something worthwhile to say. Just an FYI from an onlooker.