Real charges an annual brokerage fee of $900 in the U.S. and $1200 in Canada. The Brokerage Fee is collected from the first three transactions each anniversary year. This breaks down to $300 per transaction in the U.S. and $400 per transaction in Canada. The brokerage fee is only applied when an agent closes a transaction. If an agent does not close any transactions within an anniversary year, the Brokerage Fee will not be charged. Similarly, if an agent only closes 2 transactions in a given anniversary year, only 2 brokerage fee installments will be charged.
Please note: This fee will be charged on every transaction until your third transaction is processed by Real. This means: if you have many pending transactions, you may see the fee deducted on more than three transactions until the third transaction is processed by Real.
Once the third transaction is processed by Real, you can recalculate your commission to see the Brokerage Fee removed. See: How Do I Recalculate my Commission?
Why does Real charge a Brokerage Fee?
We charge a minimal fee to help cover our operating costs as we continue to offer some of the industry's most competitive economic incentives while delivering top-tier technology and support.
You can see an overview of all fees here: How much does it cost to hang my license with Real?