CHARLESTON REAL ESTATE






 

  

Agent Opportunities

Island Connections Realty seeks to provide the best environment for realty professionals whose desire is to serve their clients.   We believe that a proper working environment, a freedom to think outside of the box, proper incentives and second to none ethic standards are key factors in allowing realtors to reach their greatest capabilities and goals.

Our agent representatives become agents representing Island Connections Realty by sponsorship. Sponsorship is achieved by contacting any agent representative within Island Connections Realty who then seeks approval from Island Connection Realty.

The sponsorship program gives each agent a potential stake in the company's overall growth strategy, provides possible additional compensation for agents serving as an agent representatives and provides real retirement opportunities for agents as well as their surviving spouses.

In addition, Island Connections Realty has introduced a revolutionary lead-sharing program that is made available to each of our agents.  For more information on how this lead sharing system work, please contact the on-duty agent with Island Connections Realty.

If you're looking for a company built on integrity and your nature is to sincerely care about your clients, we look forward for the opportunity to speak with you.

Our desire is to see our agent representatives accomplish more than they can think or ask.

 

WHICH IS BEST OVERALL, A HIGH COMMISSION RATE OR A HIGH COMMISSION RATES PLUS SPONSORSHIP?

Are you looking for a higher take home commission rate?   If so, sponsorships may be the ticket.  Real Estate companies sometimes pay as high as 80% or 90%, even 100% with fee offsets however there may be no room left to pay sponsorships.  If you don't get paid from sponsorships, how do survive when you're not getting closed sales?

Also, what about the fees?  Can you afford paying $50 to $250 for every transaction.   Some companies are franchises and, if so, who pays the franchise fees?  Some companies charge for desk fees.  If a company has to provide a desk, phone and office space for you, then who ends up paying for it?  Variable commission schedules are great when you have the required number of transactions under your belt but what happens to your take home commission when things slow down or when you're starting over at the bottom of the commission structure cycle?

At Island Connections Realty, there are no transaction fees.  There are no franchise fees.   There are no desk fees.

Island Connections Realty is looking for individuals with long-range goals, people willing to help us grow and, in turn, be rewarded for the hard work.   We believe the sponsorship program presents the best long-term opportunity for agents seeking a long-term solution.  We believe that sponsorships provide the best long term retirement benefits and protection for your surviving spouse, should something happen to you.

WHAT IS A REAL ESTATE SPONSORSHIP?

A Sponsorship in Real Estate simply means that sponsoring agents are paid a percentage of another agents' performance for each transaction that the sponsored agent completes.  The sponsorship is an earned reward for locating other suitable agents wishing to come into the business.  The sponsor typically provides some assistance to the sponsored agent when needed.

Sponsorships are designed to supplement one's income even when not closing sales.  Sponsorships can help provide income for retirement, surviving spouse benefits and disability income.

 

Below is a chart showing the benefits of Sponsorship however please be informed that we cannot guarantee that any agent will perform at any specified sales level.


 Commission Equivalent Comparisons with Sponsorship assuming each sells an average of one $200,000 property per month at 3% commission.

 Number of persons you sponsor

Equivalent Commission rate

Yearly Commission Earned (Plus 10% Sponsorship)

Yearly Retirement (8% Sponsorship)

 Surviving Spouse Retirement (7% Sponsorship)

Sponsor 0 individuals

70%

$50,400

0

0

Sponsor 1 individual

80%

$57,600

$5760

$5040

Sponsor 2 individuals

90%

$64,800

$11,520

$10,080

Sponsor 3 individuals

100%

$72,000

$17,280

$15,120

Sponsor 4 individuals

110%

$79,200

$23,040

$20,160

Sponsor 5 individuals

120%

$86,400

$28,800

$25,200

Sponsor 6 individuals

130%

$93,600

$34,560

$30,240

Sponsor 7 individuals

140%

$100,800

$40,320

$35,280

Sponsor 8 individuals

150%

$108,000

$46,080

$40,320

Sponsor 9 individuals

160%

$115,200

$51,840

$45,360

Sponsor 10 individuals

170%

$122,400

$57,600

$50,400

Sponsor 11 individuals

180%

$129,600

$63,360

$55,440

Sponsor 12 individuals

190%

$136,800

$69,120

$60,480

Sponsor 13 individuals

200%

$144,000

$74,880

$65,520

Sponsor 14 individuals

210%

$151,200

$80,640

$70,560

Sponsor 15 individuals

220%

$158,400

$86,400

$75,600

 

NOW REFER PROPERTY MANAGEMENT WITHIN ISLAND CONNECTIONS REALTY AND GET PAID FOR IT.

Island Connections Realty does property management for your clients.  The client remains your client and you are paid 10% of the rental proceeds for every rental transaction, not just the one time fee.   Now, remain free to service your clients that may have other real estate needs.

 

PAYMENT PLAN PERCENTAGES OF EARNED AGENT-BROKER COMMISSION. 

70% of earned commission shall be paid to agents without transaction or other fee charges.

80% of earned commission shall be paid to agents transacting their own real estate.

 

SPONSORSHIP INCENTIVES

10% of transactions by one’s sponsored agents shall be paid to agents who bring competent agents to Island Connections Realty and have one year of Real Estate experience.

SPONSORSHIP CONTINUES PAYING AFTER RETIREMENT

8% shall be paid to non-competing sponsor retirees and 7% to non-competing surviving spouses.


PROPERTY MANAGEMENT

10% shall be paid to referrers of property management.   The client remains a client of the referrer.


EQUAL OPPORTUNITIES WITH NON-SPECIFIC AGENT LEADS

Once trained to be the Agent on Duty (AOD), each agent gets equal opportunity to be the AOD.   The AOD gets first opportunity to answer incoming calls, work with phone messages, emails, web requests, incoming mail and other non-specific agent leads. 


LEAD SHARING SYSTEM

The lead sharing system is provided for any agents with sufficient time to properly follow up with such leads.

Additional leads that the Agent on Duty (AOD) or other agents cannot accommodate within a reasonable time should be sent to the lead sharing system.

·        No. Franchise Fees

·        No Membership Fees

·        No Advertising Fees

·        No Transaction Fees

·        No Desk Fees

·        No E&O Fees

·        No Forms Fee for Fill-In-Forms

·        70% Paid To Agents  (80% for selling or buying your own property / 75% shared)

·        10% Sales Sponsorships are paid on the Broker Fee (not just on Agent fee)

·        10% of Property Management fee Paid on Rental Sponsorships for every transaction

·        70% of Property Management fee Paid to Property Manager (60% when sponsored by another agent)

·        8 % Sponsorship retirement fee paid on Broker Fee (not just on Agent fee)

·        7% Sponsorship surviving beneficiary fee paid on Broker Fee (not just on Agent Fee)

 

Island Connections Realty is a signed member of the Participating Sponsors Networked (PSN) Agreement which is designed to protect Agent Sponsorships when changing companies.  Click here to see PSN Agreement

 

Real Estate Sponsorships are retained only when the sponsoring agent stays with the company that provided the sponsorship however a Participating Sponsors Network (PSN) agreement can be used to retain one's sponsored agents and sponsorship payments whenever moving to a different company as long as both companies have both signed PSN agreements.

A PSN agreement can be helpful for agents who are moving to a low fee or non-Realtor fee company when business is slow.  This agreement enables the agent to retain sponsorship benefits and continue doing sales and referrals as long as one's Real Estate Commission license remains active, regardless of the MLS and/or Realtor status.

 

 

Please contact the on-duty agent at Island Connections Realty for additional information.

This compensation program was approved by Island Connections Realty 5-15-2006 and updated on 5-10-2007.

Compensation programs and shared access procedures are subject to review and/or changes.