Individual Agents or Team Leaders on a $12,000 Cap who achieve exceptional sales volume and embody the core cultural values of Real are offered the opportunity to earn Elite Agent status.
What is the Elite Agent Program?
Agents who achieve exceptional sales volume and embody the core cultural values of Real are offered the opportunity to earn Elite Agent status.
Once an agent reaches Elite status:
- the Elite Agent will be awarded $16,000 in stock. **All shares in this program are Restricted Stock Units and have a 3 year vesting period. The agent will have to remain in good standing with the company throughout the vesting period. Learn more about equity: How does equity (stock) work at Real?
Elite agent’s enjoy a reduced post cap transaction fee of $129.
- Capped Team Members where the Team Leader had achieved Elite Status will also be able to enjoy the reduced post cap fee.
Elite agents are also eligible for an additional $8k in stock is awarded upon completion of cultural contributions back to the entire agent population through Real Academy. This award vests over a 3-year annual period based on RSU award dates.
How Does an Agent Qualify as an Elite Agent?
To reach Elite Agent Status, one of the following production benchmarks will need to be met:
- Pay the full annual cap and generate $6,000 in post transaction fees.
- Achieve a minimum GCI of $500,000 and 10 completed transactions at $1 million or above.
**NOTE agents must be the majority agent on transactions of $1 million or above for them to count toward Elite status. Any split to an agent that is 50% or less means the agent is not the majority agent on that transaction.
Elite status is earned by individuals or by team leads when they achieve the benchmarks described above. The Elite Agent program is reviewed annually and is subject to change in the future.