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Here you will find the list of most frequently asked questions about James & Lee Realty business model:
Are you really paying 100% commission on each and every transaction?
Yes, guilty as charged. We pay one hundred percent commissions to all agents, no exceptions for as long as you are working with us. We keep only $225 broker transaction fee and the rest go directly towards your paycheck.
How can you afford such commission structure, my broker said that there is no way I can get 100% for another year and I have to sell X number of properties to be even considered for a raise?
We don’t want you to spoil your relationship with your existing broker but we can afford paying you one hundred percent without any sales quotas or tricky employment terms. You will get paid as a superstar from the very first day of working with us. We can afford such generous commission structure because we managed to kill our overhead by eliminating office expenses.
Does it mean I will not have a personal cubicle?
We do not provide cubicles but you are welcome to have one in your home or work in the shared office space. We don’t believe in the importance of the broker’s physical office. Yes, traditional brokerage houses operate from a fancy office. However, with all the advantages Internet and modern communication networks have to offer, we simply maintain a small office needed for your support. You make your money in the field, and you spend your money and time in the broker’s office. Most productive agents operate from their home office; it has been proven to work best for years.
Can you guarantee me that you will not charge me any monthly fees?
Yes, here it is in writing. By not having a fancy office we eliminated most of our overhead and waived all monthly fees bye-bye. You are free of any monthly fees.
No hidden fees, right?
Nope, unless they are so well hidden that even we are not aware of them. Just kidding. Seriously, no hidden fees. In fact, here are all the fees. $225 Broker Fee. We even cover E&O Insurance. Other than that…you keep all your money.
I am a new agent and I want to make 100% commissions, but I need training. What do I do?
We require that you have at least 6 deals completed prior to joining James & Lee Realty or you can join one of the growing teams at James & Lee Realty
How long does it take to get my commission check?
We cut your checks the next day. We can mail it to you, overnight it to you, direct deposit or you can pick it up from our office…Needless to say, you get your checks FAST.
Can I refer my clients to a particular mortgage broker?
You can use any broker, title company, lawyer that you would like to use, we do not have in-house lenders.
Do you have any sign up fees?
Nope, just simply fill out the online form and we will be glad to set up an appointment.
Can I refer other agents to join you?
Yes, absolutely! We would love that!