Frequently Asked Questions
Why REeBroker?
How much will it cost to join REeBroker?
Is there a minimum sales volume at REeBroker?
What about the cost of the risk management?
How much is the total charge per closed transaction?
How soon do I get paid after an escrow has been closed?
Can I negotiate my commissions with clients?
As to be the buyer's agent, I agreed to give part of my commission to buyer. Is it legal? Do I need disclose this commission refund to somebody? What is the best way to do that?
When can I begin doing transactions under REeBroker?
What kind of license do I need to join REeBroker?
Can I use a local source for business cards, business signs and other materials?
Am I free to use any lender, title company or escrow company in my transactions?
What about Board of Realtor membership and MLS Access?
How do I get broker support?
What forms do you use?
Do you provide office space or a conference room?
How can I join REeBroker?
Because traditional real estate brokerages take lots of extra money from their real estate agents in the form of commission split and other fees of all sorts. At REeBroker, we charge only $500 per closed transaction to all of our real estate agents.
Absolutely nothing. Simply fill out the application online and you will become our agent/salesperson in less then 20 minutes.
No. You can do none, one or hundreds of transactions per year. You will pay only $500 per closed transaction.
There is a risk management fee of $135 per closed transaction. This fee includes the costs of
E&O insurance, legal advice, settlements, judgments, legal fees, claims and litigation and other risk-management costs.
We will charge $500 transaction and $135 risk-management fees. The remainder of the commission is yours.
You will get paid same day when escrow is closed and the transaction’s file satisfies our requirements. You may get paid right out of escrow.
Yes. You are free to set your own sales commissions, as low as $2000 or as high
as you want.
It is legal to make a refund to the principal (buyer or seller) only.
1) If you want that the refund would be distributed from escrow, you need to mention this fact in the purchase agreement or addendum. Escrow will include this refund in their commission distribution instructions and it will be included in the final statement. This is the recommended way.
2) REeBroker can distribute this refund. We will cut one check for you and one for the buyer. REeBroker will provide one additional form for the buyer and take care of the 1099 forms. There is an additional $50 charge this way.
3) You can make this refund to the buyer by yourself but you may have to pay income tax on this refund. Ask your tax adviser before choosing this option.
4) Buyer's W-9 form is required. Otherwise refund will be taxable to the agent.
No additional disclosure to any parties is required in any of these options.
When you initiate the change of employment on DRE web site and we make a confirmation (usually in same day).
A valid California Real Estate Salesperson's (agent's) or broker’s license.
Yes. As long as your marketing materials have REeBroker's trademark logo, you are free to buy them where you choose. The vendors we have chosen have a template of our logo already set up, and we have negotiated discounts, so you will probably find that you can get them cheaper here. However, if you prefer to have them made elsewhere, you can simply provide them with the REeBroker Logo on disk.
Yes. You're free to select the services that best suit your clients' needs.
REeBRoker is a member of the CAR, NAR and many regional boards. Our affiliates individually access their MLS. Please inquire with your local Board of Realtors about MLS access and/or membership costs, dues and requirements.
Broker assistance is provided through our Web site, via e-mail at support@reebroker.com, by phone
(800) 944-1560 or fax. 619-399-7089
Standard CAR-approved forms. You may obtain them at the office of your local board of realtors, download them directly from www.winforms.com or from REeBroker. Note: CAR. forms are provided at no additional cost as part of your CAR membership benefits.
No. Our affiliates operate from their personal offices. At REeBroker, we believe that paying for a flashy office is not necessary to be successful in real estate. This also allows much higher commissions to go to you.
Click HERE to follow our easy application steps. |