Thursday, September 23, 2010

WHAT WE OFFER

Vineyard is raising the bar in real estate.  We are offering you more for your money than you will find at other firms, large or small.  When you come to Vineyard, you will wonder about the purpose of all those fees you paid at your last company!

As a Vineyard Agent, you will never pay more than $1,500 in brokerage fees per year!

Option 1- $1,500 total fees, 90%-100% split.
Monthly Fee:  $55 (may be paid up front, or on a monthly basis, due on the 1st of each month.  If paid up front, fee is reduced to $600 total, a savings of $60)
Commission Split: Agent receives 90% of all commissions until total amount paid to broker from commissions and monthly fees together equals $1,500.  At that point, agent shall receive 100% of their commissions for the remainder of the calendar year.  The fees resume again every January 1st.  The $1,500 annual amount is a Broker guarantee.  If the Independent Contractor does not earn enough commissions to total the $1,500 per year, the remainder of that amount is owed to the Broker by December 31st of each year.  The dues amount shall be prorated for any agent joining on a date later than January 1st of any given year.
FMLS Fee:  Each agent is responsible for their own .0012% FMLS closing fee. The FMLS closing fee does not count toward your guarantee, but is a separate fee that is a pass-through charge from FMLS to the agent. 
Miscellaneous:  If Broker is required to attend any closing, there will be an additional charge of $100.00.

Option 2- $1,200 up front fee, 100% commissions from day 1!
Monthly Fee:  $0.  Upfront fee of $1,200 required, then agent shall receive 100% of all commissions, with no monthly fee required!  Fee is due again on January 1st of each year!  If agent joins in the middle of the year, amount due will be prorated.
Commission Split: Agent receives 100% of all commissions.
FMLS Fee:  Each agent is responsible for their own .0012% FMLS closing fee. The FMLS closing fee does not count toward your guarantee, but is a separate fee that is a pass-through charge from FMLS to the agent. 
Miscellaneous:  If Broker is required to attend any closing, there will be an additional charge of $100.00.

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