Hey there, I’m Tommy Mutchler, a Managing Broker and Realtor with 7 years of experience in the industry. I’ve been working with Real Broker for a year now, and I want to share my insights and thoughts on why I Joined Real Broker LLC and why you might want to consider it too. So, let’s dive into what Real Broker is all about and how it can benefit your real estate career.
What is Real Broker LLC?
Real Broker, also known as Real, is an innovative, cloud-based real estate brokerage that leverages cutting-edge technology to provide a modern, efficient, and supportive environment for real estate agents. Founded in 2014, Real has experienced rapid growth and now operates across the United States and Canada. The company focuses on empowering agents with a suite of tools, resources, and training to help them achieve success in their real estate careers.
Real offers a competitive commission split, a revenue share program, and access to a collaborative online platform. The revenue share program allows agents to earn passive income by referring other agents to the brokerage, creating a supportive and collaborative community. Real’s cloud-based platform enables agents to work remotely, providing flexibility and convenience while also reducing overhead costs.
Real Broker LLC is the first international, tech-connected real estate brokerage. With over 9,000 licensed agents, Real Broker has generated $121.7M in revenue and $4.4B in closed volume in 2021 alone. As a NASDAQ-listed company (REAX), it has a range of solutions and benefits that make it an attractive choice for real estate agents.
Generous Commission Splits and Low Caps
With an 85/15 commission split, a $12K annual cap for agents, and a $6K annual cap for team members, agents at Real Broker keep more of their earnings. In addition to the generous splits, there’s a $249 sign-up fee and a $750 annual brokerage fee, which is paid from the first three transactions per anniversary year.
Join Real Broker now and make sure to use me, Tommy Mutchler, as your sponsor!
Training & Education
Real Broker offers daily live training and education sessions with top brokers, agents, and industry influencers. In 2021, the company held 484 live classes and masterminds, adding 160 on-demand classes to its library.
Build Wealth through Stock Plans and Revenue Share
Agents have the opportunity to build wealth through various stock plans and revenue share options. For instance, before the cap is reached, agents can opt for a 5% commission paid out in stock with a 15% bonus. After the cap, the stock payout increases to 10% with a 30% bonus. Additionally, agents can earn revenue share from direct referrals, unlocking different tiers as they bring on more Tier 1 agents.
Book a call with me if you want to discuss how Real Broker’s stock plans and revenue share options can help you build wealth.
Real Broker LLC boasts a supportive community of thousands of agents across the US and Canada, making it an excellent choice for those looking to network, learn from others, and grow their careers.
Building Wealth with Real Broker LLC
As a real estate agent, one of the things you’ll appreciate about Real Broker LLC is their commitment to helping you build wealth. They offer various stock plans and award programs designed to incentivize and reward your hard work. Here are some of the ways you can benefit:
1: Stock Purchase Plan (SPP)
Before and after you reach your annual cap, you can receive a percentage of your commission paid out in stock with bonus shares[^7^]. The stock awards come at no cost to you; you must be in good standing with the company to receive them.
2: Capping and Attracting Awards
You can earn stock awards at no cost when you reach your annual cap paid to Real or directly attract another agent to join Real Broker[^8^]. You and the attracted agent must remain in good standing throughout the 3-year vesting period.
3: Elite Agent Stock Awards
Real Broker offers stock awards for production and cultural achievements. You can easily earn up to $24,000 A YEAR in free stock. But you must meet specific benchmarks to qualify; these awards come with a 3-year vesting period.
State-of-the-Art Tech at Real Broker LLC
Real Broker LLC provides agents with cutting-edge technology to help manage deals, increase efficiency, and stay connected with the community. Some of these tools include:
- Chime CRM for only $40 a month[^10^]
- Workplace by Meta
- reZEN, built by Real (transaction management software)
One of my favorite things about Real is the fact that we get the Chime CRM for such a low price. It’s an extremely powerful CRM that I’ve used to automate about 70% of my business. If you aren’t familiar with chime, I do have a ton of youtube videos where you can learn more about it here. It has powerful automation tools like AI blog posts, AI follow-up, and Smart Plans.
Training and Education
Real Broker offers daily live training and education with top brokers, agents, and industry influencers[^11^]. In 2021, they held 484 live classes and masterminds and added 160 on-demand classes to their library.
As a Real Broker agent, the revenue share program offers us an incredible opportunity to grow our income by referring other exceptional agents to join the company. This program is designed to reward you for expanding the Real Broker network with top talent.
Here’s a more in-depth look at the revenue share program and how the different tiers work:
- Tier 1: For every Tier 1 agent (direct referral) that you bring on board, you can earn up to $4,000 per agent per year, which is equivalent to 5% of their commission. This income is based on a non-discounted GCI and an 85/15 split, not including fees. Agents must be active and close at least $450 every six months to be eligible to receive revenue share.
- Tier 2: By referring agents to Real Broker, you can also earn from Tier 2 agents. At this level, you can earn up to $3,200 or 4% per referred agent per year for capping agents.
- Tier 3: In addition to Tier 1 and Tier 2, you can also benefit from Tier 3 referrals. With this tier, you can earn up to $2,400 or 3% per referred agent per year for capping agents.
- Tier 4: Your earnings continue to grow as you refer agents across different tiers. With Tier 4 referrals, you can earn up to $1,600 or 2% per referred agent per year for capping agents.
- Tier 5: Lastly, Tier 5 offers another income stream from your referrals. In this tier, you can earn up to $800 or 1% per referred agent per year for capping agents.
The revenue share program is an excellent way to supplement your income as a Real Broker agent while helping other talented agents discover the benefits of joining the company. By referring agents to Real Broker, you can create a network of successful professionals and enjoy the financial rewards that come with it.
Additional Benefits in 2023
Real Broker is committed to offering its agents cutting-edge tools and benefits to help them thrive in the real estate industry. Some exciting upcoming additions to their platform include:
- Real Signature: This proprietary alternative to DocuSign will streamline the process of signing documents, making it more efficient and seamless for both agents and clients.
- New Consumer App: This innovative app will connect buyers with mortgage providers, simplifying home-buying and enabling better communication between all parties involved.
- Real Rewards Program: This program will offer group health insurance benefits and discounts to Real Broker agents, showcasing the company’s dedication to supporting its agents’ well-being and success.
These forthcoming enhancements demonstrate Real Broker’s commitment to constantly improving their offerings and equipping their agents with the tools and resources needed to succeed in today’s competitive real estate market.
Are you ready to join Real Broker LLC and take your real estate business to the next level? Join Real Broker now and make sure to use me, Tommy Mutchler, as your sponsor. You can also learn more about Real Broker on my website: The Lazy Agent.
If you have any questions or would like to discuss your options, feel free to book a call with me. I’d be happy to talk with you!