Realnet 100% Commission Brokerage Frequently Asked Questions
Do 100% Commission Agents Pay for E&O?
No, the brokerage pays for E&O insurance, Realnet 100% Commission agents are not responsible for E&O costs.
Is Desk Time/Office Time a Requirement to join Realnet?
No, Realnet agents are not required to work at the office. Agents typically work from home or on the road.
Does Realnet offer Training for 100% Commission Agents?
Yes, Realnet does offer training in the form of mentors. Mentors are experienced real estate agents and brokers who are available to teach real estate contracts, listing agreements, procedures for closing, marketing strategies, social media, etc. Mentors receive a portion of the commission for transactions they help coordinate.
Are Agents Required to join a board of Realtors?
No. However, if agents want access to MLS and a Supra (or Realtor) key, they do need to join a board of Realtors. If an agent wants to activate their license but does not need access to MLS or the supra key, we do have a solution for those agents that includes the same 100% commission plan but has no requirement to join a board of Realtors.
Which board(s) of Realtors is Realnet a member of?
Realnet is always expanding! Currently we are members of the following Realtor Associations:
Greater Tampa Realtors (GTR)
Pinellas Realtor Organization (PRO)
Realtor Association of Sarasota & Manatee (RASM)
Gainesville-Alachua County Association of Realtors (GACAR)
West Pasco Board of Realtors (WPBOR)
Royal Palm Coast Realtor Association (RPCRA)
Is there any scenario that Realnet’s fee is more than $295?
Yes. For Residential sales over $500,000.00 and any commercial sale, the $295 fee is replaced with a 90/10 split. 90% to the agent, 10% to the brokerage.
Can Realnet 100% Commission Agents bid on HUD Properties?
Yes, Realnet is a longtime agent with HUD www.hudhomestore.com/. Realnet agents may also sign up with HUD and place bids on properties.