Here Are the Answers to Some Questions You May
Have
While traditional real estate brokerages will take
nearly half of your commission, Californa eBroker let's you keep what you earn! We only charge $450 per closed transaction, plus the
Risk Management fee of $135. We also provide training, support and
help keep you up-to-date on the latest technologies to help you run your
business.
Will it cost me anything to join
California eBroker?
No! There are no risks and no costs associated with
getting started. Just fill out the documents required, contact DRE and you will become one of our team
members!
Are there any minimum requirements with
California eBroker?
Absolutely not. You can work the hours you want, and
close as many or as few deals as you would like!
Is there a Risk Management
fee?
Yes. There is a Risk Management fee for the low price of
$135 per transaction. You will find that this is lower than most other 100% commission companies. This does
include the cost of E&O insurance, and other risk management costs.
How much would I
actually be charged for each transaction?
It's simple, just a $450 transaction fee, and a $135
risk management fee per transaction! (For transactions over
$1,000,000 there is a small additional fee.) No catch! No desk fees, franchise fees,
nothing!
When do I get
paid?
You will receive your commission the day escrow is
closed and checks are cut to all parties involved!
Is negotiating
commissions an option?
Yes! Feel free to negotiate your commissions with your
clients. You can set it as low or as high as you want.
How soon
can I begin doing transactions with California eBroker?
Once your change of employment on the DRE Web Site is
confirmed, you are ready to begin! You can start right away!
What type of license is
required?
You must have a valid California Real Estate
Salesperson's, Agent's or Broker's license.
Do I have to use a
certain company for business cards, signs and other print?
No. You are free to use whatever company you choose for
any of these products. As long as you are using the company approved logo, you are free to buy them anywhere
you choose. California eBroker can suggest companies for you that we
have had great service and products from and that are reasonably priced.
Are there restrictions
on the lenders, title and escrow companies I can choose?
No. You are free to choose the companies you do business
with, that best suit your client's needs. California eBroker has
relationships with various lenders, title companies, appraisers and other real
estate professionals. We are happy to help you build your team by sharing
our contacts with you.
Does
California eBroker have MLS
Access and Board of Realtor Membership?
Yes.
California eBroker is a
member of California Association of Realtors (CAR), National Association of Realtors (NAR) and
Board Member of the Sacramento Association of Realtors. Our affiliates are able to access the MLS individually. You are urged to inquire with your local Board
of Realtors about MLS access and/or membership costs, dues and any requirements.
How can I access the 24/7 broker
support?
Broker support is provided through many avenues. Via e-mail
at info@californiaebroker.com, by phone or at our office.
What forms does
California eBroker
use?
We use standard CAR approved forms. Any of these forms may be obtained at your local board of
realtors, at www.zipforms.com, or from
California eBroker
directly. As a member of the California Association of Realtors you
are given access to all CAR forms via ZipForms. This is one of the tools
we use to help keep our office "Green" and digitally accessible from any
computer.
Is there office space or conference rooms
available?
No. Our affiliates operate from
their personal offices. We believe that paying more for a flashy office is not necessary to be successful in real
estate. This allows California eBroker to pay out much higher commissions to you.
Can I
give part of my commission to the buyer? Does this need to be disclosed, and is it
legal?
It is legal to make a refund to the buyer or seller,
or offer the selling agent extra incentive to work for the sale.
1) If you want the refund
to be distributed from
escrow, you need to write this into the purchase contract or into an addendum.
The title company will include this refund
in their commission distribution instructions and it will be included in the final
HUD1 statement. This is the
recommended way.
2) You can refund
this to the buyer yourself but
you may have to pay income tax on this refund. Ask your tax adviser before choosing this
option. (not recommended by California eBroker)
3) Buyer's W-9 form is required
if you do not write it into the contract. Otherwise refund will
be taxable to the agent.
No additional disclosure to any parties is required in
any of these options.
How do I join
California eBroker?
Just follow these three easy steps by
clicking
here!
RETURN TO
California eBroker Web Page
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