If you’re wondering about the total agent fees per side on a closed purchase transaction, our standard flat fee commission plan is $500.00, plus $135 for E&O insurance per closed side of a sales transaction under a $1 M sales price.
When the total commission is $4,950 or less: The broker fee is 10% of the commission.
When the sales price exceeds $1,000,000: The broker fee is $500 plus an additional 0.1% of the amount over $1,000,000. For example, the Associate-Licensee would pay an additional $10 for every $10,000 in sales price over $1,000,000.
“Side” means you are representing either the seller or the buyer. A dual agency is two “sides.”
If you’d like to discuss a different commission split plan that better fits your business model, please reach out to us.