A $30 BEOP fee per transaction, which covers broker review, E&O (professional liability) insurance, and processing will be assessed on every transaction in the United States the company processes.
Why does Real charge a BEOP Fee?
This fee covers broker review, E&O (professional liability) insurance, and processing.
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?
What happens if there are other Real agents on the transaction?
If there are any other Real agents on the transaction, the BEOP fee will be split amongst the participants based on each agent's split of the Gross Commission.
For example:
- Mary receives 75% of the Gross commission. Mary will pay 75% of the BEOP fee or $22.50.
- Tom receives 25% of the Gross Commission. Tom will pay 25% of the BEOP or $7.50
What happens if I am on a team?
If you are on a team, the BEOP fee will be split evenly amongst the participants based on each agent's split of the Gross Commission.
For example:
- Team Lead + 1 Team Member on a Deal:
- Team Lead receives 10% of the Gross Commission. Team Lead will pay 10% of the BEOP fee or $3.
- Team Member receives 90% of the Gross Commission. Team Member will pay 90% of the BEOP fee or $27.
Example #2:
- Team Lead + 2 Team Members on a Deal
- Team Lead receives 20% of Gross Commission. Team Lead will pay 20% of the BEOP fee or $6.
- Team Member receives 50% of Gross Commission. Team Member will pay 60% of the BEOP fee or $15.
- Team Member receives 30% of Gross Commission. Team Member will pay 60% of the BEOP fee or $9.
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