Actually that might be it?! The local broker pays Exit Corp every deal's cut 10% to Exit Corp. Then Exit Corp processes, (however long that takes and they make interests off a month, 2 months? 3 months' worth of interests) then finally send a check (IF AT ALL) back to the recruiter?

Sounds like trying to get mail in rebates?!!? Except you are trying to get a mail in rebate from ...Canada?

Has anyone finished a deal actually GOTTEN their 10% share from recruiting? Anyone got proof of receipt?

So everytime you or your recruit make a deal, you give a loan (10% commissions) to some Canadian company with 0% APR? So basically you are loaning people a few thousand dollars every time you make a deal to someone you don't know with ZERO interests? And they repeat this ALL over the US for every single deal people make? THAT SOUNDS LIKE A REALLY PROFITABLE SCHEME.

AND in a regular office that 10% would have went BACK TO THE OFFICE/BROKER. Why would ANY broker freely give away 10% to some guy in Canada? Where they normally would have kept it themselves?!?!?!

This is making less and less sense to me? Can someone correct me???

AND HOW DO YOU FIND OUT IF ONE OF YOUR 2594984 RECRUITS HAS MADE A DEAL SO YOU KNOW TO COLLECT MONEY? OR DOES EXIT CORP IN CANADA HAVE A REALLY BULLET PROOF DATABASE/BACK OFFICE SETUP TO PROCESS ALL THE CLAIMS? 5 YEARS FROM NOW, YOUR RECRUITS ALL MAKE A DEAL HERE AND THERE, YOU SIT IN YOUR HOUSE AND SUDDENLY CHECKS APPEAR FOR THOUSANDS OF DOLLARS? EXIT CORP SUPER HONEST?

Calm down, mishla2, Exit is a legitimate company and not that different than the other big name brokerages.

Company takes 30% of the commisison and gives 10% of that to the agent's sponsor. Once an agent has grossed $100,000 in commission for the year then the company only takes 10% and no more is paid to the sponsor for the remainder of the year. It's that simple, and not too different than how Keller Williams compensates associates for recruiting new agents.

that's sounds complicated. So at closing, the seller writes a check to the broker for entire commission. The broker then writes check of 70% to the selling agent. Then writes another check back to Exit head quarters in Canada for 10%? THEN Exit promises to write back another check for that 10% to the recruit?

Is it just me or that's a lot of checks going back and forth? And what happens if a broker decides he's not going to share that 10% he otherwise would have kept? Who enforces that kickback?

And can I see where this scheme is written in black and white? Where is it in paper? Or is it just what recruiters tell one another? And kind of dicey in real situation?

Well, I thought I had you fooled but to be honest it's all just a big conspiracy. Exit is going to stop paying recruiting bonus money and use the stolen money to fund Canada's military invasion of America.

It's all in what you want i just closed a deal 4,300 all mine,another deal fixing to close 12,000 all mine.I am with a 100 percent company and only pay a 300 trans fee for each closing dues are 45 a month.

I don't know how she does it and i don't care only that i get more for less.We are approaching 1,100 agents now and growing.I really believe this model is the future of re.

In reality exit's model is a load of crap and they know it,only a small fraction maybe 5 to 10 percent of agents in that company will hit 100k plus in commissions every year.So if you don't you are on a 70/30 split not great.

I wish www.solidsourcerealty.com was in your neck of the woods.It's a great company,usually with 100 percent companies you lose something to gain the 100 percent service,training etc.This company breaks that mold.

good luck

I"m not an Exit agent, but I have seen their pitch. Unless it has changed, it is a 70/30 split on the first 100%. Of that 30%, one third goes to a national fund for paying residuals.

If you recruit an agent, of the first $100,000 in commission you earn, you get 10%, up to $10,000.

If you were an active agent, pulling down a good salary, and you recruited two of your good friends to come to Exit, you could earn an additional $20,000 if they earn a minimum of $100,000.

The real benefit is if you retire. When you retire, you get 7% of their future commissions, up to $7,000. If you die, your estate receives 5%.

They only do a single layer of residuals. To compare them to Amway, or others is not accurate. To compare them to Insurance sales is very accurate. The founder had roots in the insurance business.

It's not for everyone, it wasn't for me, but I can see where it could be good for some. I suspect if your only thought is to recruit and not to sell, you will have a hard time making a living. If you are actively selling, and recruiting active selling agents, you have a change to supplement your income. If you took all of the residuals and put them into your 401K, you could increase your retirement nestegg considerably.

My problem with Exit is their name. It makes me think of someone "showing you the door" - which is not positive.

That and the fact that round here they try and recruit agents at broker luncheons in front of everybody. Tacky.