What is the Commission?
You receive 100% less $350 broker’s fee which includes business license and E&O insurance.
A few examples
| The Deal | Gross Commission | Broker Fee | You Take Home |
|---|---|---|---|
| 100,000 @ 3% | $ 3,000 | $ 350 | $ 2,650 |
| 200,000 @ 2.5% | $ 5,000 | $ 350 | $ 4,650 |
| 200,000 @ 3% | $ 6,000 | $ 350 | $ 5,650 |
| 300,000 @ 3% | $ 9,000 | $ 350 | $ 8650 |
Are there any other fees or costs?
Agents pay their own REIN fees, advertising and signs costs.
When do I get paid?
Your check is issued immediately upon receipt of the commission check and HUD-1. Ok, maybe it takes 5 minutes to write the check. Funds can also be wired to your account, no extra charge.
Who pays the Realtor fees?
There are no realtor fees because Keffer Realty is not a member of the Board of Realtors. We’d rather spend that money ourselves.
Who sets the commission?
You do…so long as you stay within the guidlines which are simple…”don’t charge less than nothing.” Other than that you negotiate commission with your buyers and sellers without need for broker pre-approval.
What about referral commissions?
Because referral commissions are usually small, the broker fee is 20% of referral commissions up to the maximum $350 broker’s fee.
Suppose I manage rental property?
That’s fine. The commission split for rental management fees is 80% to you and 20% to Keffer Realty. This includes business license and E&O insurance.
What do you provide for rental agents?
Rent check acceptance, escrow deposit, issuance of payment with reports to landlord, payment for services/repairs, commissions to you and full tax documentation including W-9′s and annual issuance of 1099′s. Payments can be by check or wire transfer at no extra charge.
Our program will not appeal to everyone for it is designed for the experienced professional is an independent minded self-started responsible for generating the major part of their business and who like to keep a bit more of the money they earn.
If this fits you and if you have any questions or are interested, call me at 482-0171 most any time.
Alan Keffer, Managing Broker
This sounds like a great plan! I’ve already contacted one of your agents to see if this is the real deal & it sounds like it is. When my contract expires with my broker, I am going to call Keffer Realty!
I always wondered why brokers kept so much of the money when the agent is out there doing all of the work and getting all of the phone calls day and night. I think ya’ll have figured it out. I can see giving the broker enough to help cover expenses and a lil bit more, but I don’t think we should be required to belong to a “club” and pay money to the “club” and give half or more of the remainder to our broker. This is more like it. It’s about time someone realized it!
I received an email from you asking me to join Keffer Realty. The email sent me to this website to learn more & this sounds fantastic! This is a great split program, and I wish more brokerages would catch on!
Sounds like a good deal with Keffer Realty. You may be hearing from me as soon as my contract with my broker is up.
We encourage all agents interested in this post, to just give us a call. Let’s do lunch & chat.
This sounds like a great deal