Agents who work with traditional brokers often end up sharing the bulk of their commissions after they close a deal. This is usually worth several thousands of dollars — an amount that they could have put to good use. They share the money in exchange for the prestige of working for a known brand and the support that they get from the head office. The question is: are these really essential?
Some would argue that their long years in the industry have equipped them with enough knowledge and experience to do most things on their own. They also work from their home, car, or coffee shops for meetings. Rarely do agents need an office. New barebones brokers have recognized this and have develop a new model with minimal fees. They are offering 100% Real Estate Agent Commission Plans to entice more people to join their team.