While commission splits are the traditional model in real estate, they aren’t universally loved by agents, especially when compared to the alluring 100% commission structure. Here’s why:

Reduced Earning Potential: The core issue boils down to sharing your income. With a split, a portion of your hard-earned commission goes to the brokerage, regardless of the amount. This can feel like a significant chunk, especially for high-performing agents who could potentially keep more in a 100% commission model.

Lack of Direct Control: In a split system, your earning potential is indirectly linked to your effort. While closing more deals increases your overall income, the split dictates how much you actually take home. This can be frustrating for agents who want direct control over their earnings and feel their income doesn’t fully reflect their individual effort.

Limited Flexibility: Brokerages with split structures often have fixed fee structures and support packages, which might not align with your specific needs or preferences. In a 100% commission model, you have the freedom to choose the level of support and resources you need, potentially saving money or tailoring them to your individual style.

Administrative Burden: Splitting commissions involves additional administrative work and calculations, which can be time-consuming and complex, especially for busy agents. In a 100% commission model, this burden is eliminated, freeing up your time and energy for core business activities.

In the traditional real estate model, you share a portion of your commission with your brokerage. But at LoKation, we offer a 100% commission structure that empowers you to keep everything you earn. That’s right, you get to maximize your earning potential and truly reap the rewards of your hard work.

But it’s not just about the money. We provide a supportive environment with powerful tools, a vibrant community, and ongoing mentorship to help you thrive in your career. You’ll have the flexibility to design your work style, choose your clients, and set your schedule. Plus, you’ll gain access to cutting-edge technology to streamline your workflow and impress clients.

Think of it as unlocking your full potential as a real estate professional. If you’re ready to take control of your career and rewrite your story, we invite you to explore LoKation. Visit our website, schedule a consultation, or attend an information session to learn more.

Choosing the right commission plan is personal. To find your perfect fit, take our quick questionnaire! It analyzes your needs, experience, and goals, recommending a plan that aligns with you.

Click here to access the questionnaire:
Which Plan Is Right For Me? (Click here)

Here’s what it considers:

Experience: Are you a seasoned agent or just starting out? Plans offer support based on your level.

Income goals: Do you prioritize maximizing earnings or minimizing upfront costs? We’ll match you with plans that suit your financial aspirations.

Work style: Flexible pay-as-you-go or structured monthly fee? The questionnaire will identify your preferred approach and recommend compatible plans.

Support needs: Extensive marketing assistance or more independent? We’ll assess your needs and match you with plans offering the right level of guidance and resources.

Benefits of the questionnaire:

Save time: Avoid researching countless plans.
Gain clarity: Get a personalized recommendation based on your situation.
Make an informed decision: Feel confident you’re choosing a plan for success.

Remember, the best plan empowers you to achieve your real estate goals!

Here are some specific benefits of a pay-as-you-go commission plan with 100% commission for a part-time real estate agent:

Financial Flexibility: Pay only when you earn: Unlike traditional splits where you pay a monthly fee regardless of income, you only pay when you close a deal. This aligns perfectly with the part-time nature of your work, allowing you to minimize expenses during periods of lower activity. Maximize earnings on limited time: Since you keep 100% of your commission, you potentially earn more per deal compared to a traditional split, especially if you can negotiate competitive transaction fees. This can help maximize your income despite your limited working hours.

Risk Management: No upfront investment: You avoid the financial commitment of a monthly fee, reducing your risk during initial stages or periods of lower activity. This allows you to test the waters of real estate without a substantial financial burden.
Control income volatility: The pay-as-you-go structure makes income fluctuations more manageable. You know exactly what you earn for each deal, allowing you to plan and budget accordingly.

Business Efficiency: Focus on clients, not fees: By eliminating the pressure to meet monthly fee obligations, you can dedicate more time and energy towards building relationships with potential clients and closing deals.
Reduced administrative burden: Less paperwork and fewer administrative tasks associated with fee payments, freeing up your time for core business activities.
Additional Considerations:

Remember, the ideal model depends on your individual needs and priorities. Weigh the benefits of flexibility and potential high earnings.

At LoKation, we strive for transparency and avoid hidden fees. While our plan structures involve monthly fees and transaction fees, we ensure all costs are clearly communicated and readily available for your review.

Here’s a breakdown of fees associated with our plans:

Monthly Fees: Our three plan options, Silver, Blue, and Luxury have respective fees that cover operational costs, marketing, and technology resources. These fees are clearly outlined on our website and during the sign-up process, allowing you to compare and choose the plan that best suits your budget.

Silver Plan is $0/month, and $499/transaction, $99 annual fee

Blue Plan is $99/month, and $99/transaction, and discounts on technology services and marketing.

Luxury Plan is $125/month in addition to your Silver or Blue Plan Subscription, $99/transaction, and all-inclusive access to proprietary Technology, Lead Gen, Marketing Services. Get a 10% discount when you do an annual subscription. There is a $499 one-time setup fee.

Transaction Fees: Depending on the plan you choose, you’ll also incur transaction fees for each successful deal. These fees are based on a pre-determined percentage of the transaction value and are clearly communicated upfront. There are no hidden markups or additional charges applied to these fees.

Quarterly Compliance Fee: A small quarterly compliance fee is included within the monthly plan fees. This fee covers essential compliance and licensing requirements, ensuring you operate within legal and ethical frameworks.

We value your trust and are committed to providing a transparent and straightforward fee structure. If you have any questions or require further clarification about any fees, please don’t hesitate to contact our team.

Remember, choosing the right brokerage depends on more than just fees. Explore our website, compare our plans, and schedule a consultation to discover how LoKation can empower your real estate journey.