Welcome to our Frequently Asked Questions page. If you have a question that is not addressed below, please send us an EMAIL or give us a call at 877-449-7653. We ALWAYS return calls/emails PROMPLTY!
Do you have Errors and Omissions Insurance? YES!!! We are insured with an AM BEST A-Rated Insurance Carrier. You can be assured that we will always carry adequate amounts of insurance. Our insurance includes free legal support, agent-owned property coverage, and the lowest available deductible of $2500.
T.C. Prices:$299 per side (Includes copy of every file for you and your client)
*This is an optional fee
What do I do If I have a question or a problem? All of our agents have DIRECT access to the broker daily from 7am - 7pm, EVEN WEEKENDS! All inquiries are answered within 3 hours. All of our agents also have access to our FREE "Stress Less" legal hotline. The level of support we offer is what sets us apart from our competitors.
Are there any hidden fees? NO! We offer exactly what we advertise. No Penalties, Hidden Fees, Startup Fees, Quit Fees, etc.
How much will it cost to join Realty Source? After becoming affiliated with Realty Source, you will only be responsible for your initial business card purchase. We have negotiated deep discounts on high quality business cards for our agents. Our Graphic Designer offers a package for new agents which start at $42 for 500 business cards with UV Coating.
I currently have a transaction in escrow, do I have to wait for it to close?
There is many different answers to this question. It all depends on your employment agreement with your current broker. Our employment agreement allows our agents to take their business with them if they decide to move. Most employment agreements allow you to leave and still earn your commission as long as you complete all of your duties.
Does Realty Source do property management or loans? No. We are a Real Estate sales company. Our agents are permitted to do listings, sales, and leases.
When I close a transaction, when will I get paid? Agents that use our Transaction Coordinator are paid directly from escrow. Commission payments are paid out no longer than 24hrs after the completed file has been turned into the broker.
How do I turn in my forms and documents? We have an online transaction management system that assigns each agent a unique login and password to view all curent and closed transations and upload/download forms.
How long does it take to become affiliated with Realty Source? We can have the paperwork completed in as little as 15 minutes. The advancements in technology have given us the luxury of completing the required paperwork in a very quick manner.
Can I change commission plans after I start? Yes. To change between commission plans, you must have closed at least 1 transaction and been on your current plan for at least 6 months.
Do I have to be located near the corporate office? NO! We are licensed to conduct business in all of California and have agents throughout the entire state. We can complete most of our transactions through our online transaction management program or Fax/E-mail/Mail Etc. Our mode of operation allows agents to work from wherever they choose and enjoy the benefits of an increased commission split.
Do you have a physical office? Yes, Our Corporate Office is located at 365 Broadway #102, El Cajon CA 92021. Agents are free to use the office for mail, pick up/drop off, business address, faxing, copies, etc. Our philosophy is by minimizing overhead we are able to offer our agents MUCH HIGHER commission splits. We also work with several satellite offices throughout California.
Does Realty Source offer Websites or Marketing Materials? YES! We are the first 100% Company to offer FREE Website design and exclusive marketing materials for our agents.
Websites: We pay 100% of the initial design and setup of our Realty Source agent websites. To view a sample website, please click HERE.
Marketing: We offer exclusive designs for our agents. We have a full marketing department which offers Business Cards, Postcards, Flyers, Signs, Vehicle graphics, etc.
What would my NET commission be on a $10,000 commission check?
Plan 1: $9901
Plan 2: $9601
Plan 3: $9401
What Does Realty Source charge if I do a BPO? On plans 1 and 2, we give you 100% commission on your BPO orders. For agents on plan 3 (no monthly fee) we will only deduct 10% if the checks are made payable to Realty Source. Most BPO companies will pay the agent direct.
Does Realty Source hire new agents? We only hire new agents that go through our one-on-one training program. New agents enrolled in our training program have access to the same commission plans as our experienced agents. We often get asked why we "Charge" for training. The answer is simple - most national real estate firms offer training as a part of the 50% commission split they offer new agents. 50% of each closing during an agents first year equals alot more than the small fee we charge for training.
I am interested in Realty Source, however you are not a member of my MLS Board. Will you join? We are members of MANY associations throughout California. We are always open to joining new associations/MLS etc. For a list of current association memberships, and associations we would like to join, please click HERE.
Are there any sales minimums at Realty Source? NO! At Realty Source we understand that all of our agents are hard working self motivated individuals. We DO NOT have any sales minimums or sales quotas.
Are there any weekly office meetings? NO! We feel that our agents are busy enough as it is. We do not require attendance at any weekly or monthly meetings. We do have occasional meetings to discuss changes to our business and any form/law changes if needed. We conduct our meetings via online conferencing.
Is there a bonus for referring an agent to Realty Source? YES! For every agent you refer to Realty Source, Inc. you receive a BONUS every year that the agent remains with the company. For more information please visit our Refer an Agent page.
Are there any team building opportunities at Realty Source? YES! For agents interested in building a team, we offer significant savings over our published rates. Please visit our TEAM LEADER LEADER page for more details.
Are there any advertising requirements? We require that the Realty Source, Inc. logo be displayed on any advertisement materials our agents use while engaging in real estate activity. The Department of Real Estate also requires that ones license number is also on all "First Contact" marketing.
Who do you use for signs? We use Dee Signs (888-791-SIGN). They stock our standard company sign. If you would like to have a custom sign made, please contact them for pricing. You are free to use the sign provider of your choice.
Can I determine what commission percentage I charge? It is up to each individual agent to determine what the appropriate commission rate is for each transaction. However, we are not a discount brokerage; we are a full service real estate company.
Do I have to use a specific Title Insurance Company, Escrow Office, or Home Warranty Company? You have the right to choose who you would like to use. We do not believe in "In-House" escrows or lenders. These services are just another difficult requirement (income stream) many traditional brokers have. We urge all of our agents to develop working business relationships with various vendors to help serve their client’s needs better.
What Type of License do I need? You will need a Salesperson, or Brokers license, in good standing, issued by the California Department of Real Estate.
If I have a question on a transaction, who do I contact? For all questions regarding real estate transactions, you can call Scott Engle, Broker at (619)258-1000 x5 or by e-mail at Scott@goRealtySource.com
100% Commission for California Real Estate agents only $99/mo. The Realty Source concept was founded by an agent's desire to have a broker with high commissions, high support, and NO hidden fees - the best of everything! we are looking for agents in San Diego, Los Angeles, Orange County, Riverside, San Bernadino, San Francisco, San Jose, Santa Clara, Long Beach, Sacramento, Oakland, Bakersfield, Stockton and the rest of California. Realty Source now offers a unique opportunity to earn 100% commission and also open your own branch. Click here to take a look at our Branch Packages. Real Support, Real Commission, Realty Source!
