The company provides the broker with an infrastructure

Reference no: EM1337828

US real Estate Brokerage Market - Remax

In the U.S. real estate brokerage industry, brokers employed by large brokerage firms have traditionally worked for a portion of the commissions they generate. That is, if a house sale generates a 6% commission split equally between the brokers for the two sides (standard in many markets in the U.S.), the broker on one side might personally pocket 1.5% with 1.5% going to the firm for which the broker works. In return for a share in the broker's commissions, the firm provides the broker with an infrastructure, such as clerical support, phone services, and office space, and especially for new brokers, a base wage.

In comparison, RE/MAX, a national brokerage firm, permits its agents to keep 100% of the commissions they earn. The firm provides clerical services, phones, and the like, and charges its agents a fixed monthly fee for those services. RE/MAX is known for having the most aggressive agents in the business on average. If you want to find an aggressive, hardcharging agent, going to RE/MAX is usually a safe bet.

Why does RE/MAX attract more aggressive agents?

Reference no: EM1337828

Questions Cloud

Information about roman empire : What is Pax Romana? what role did Augustus, the first Emperor paly in it? why is Agustus reign referred to as the Golden Age of Rome?

Estimate the expected total system cost : The number of arrivals per period is distributed according to Poisson with an expected value of 0.75 units per period. Estimate the expected total system cost

Recall extensive change that have witnessed : Try to generalize your observations so they can serve as a guideline for similar cases.

Ipo-opportunities and threats : Write down the name of some opportunities and threats associated with going public through an IPO.

The company provides the broker with an infrastructure : the company provides the broker with an infrastructure, such as clerical support, phone services, and office space, and especially for new brokers, a base wage.

Advertising campaigns effective in application of behavioral : Based upon the above discussion, identify which of the two marketing/advertising campaigns is more effective in application of behavioral science concepts and discuss the reasons for your opinion.

Explain entrepreneurship in a depressed economy : Explain Entrepreneurship in a Depressed Economy and just need some help going in the right direction please

Define diversification and its necessity in risk management : What steps can this company take to diversify its portfolio? Define diversification and its necessity in risk management. Discuss at least 5 steps to diversify the card business.

Elucidate role does the loss of increasing opportunity cost : The supply curve shows a positive relationship between price and quantity supplied. Elucidate role does the loss of increasing opportunity cost play in this relationship? What role does profit play in this relationship.

User Account

All Pages