Designated Broker's Plan
Join the elite team of brokers
using our InterMLS®
Services!
InterMLS® has unveiled a new service where individual brokers and
their agents may join our team
without the need to pay ANY
franchise fees.
In addition to all of the
features associated with
standard membership, our
designated brokers also have the
following advantages:
Brand Your Own Mortgage, Title,
and Home Warranty Services
No Franchise Fees
No Day-To-Day Management
No Need to Manage Escrow
Accounts
Even if you run a traditional
office, our plan is right for
you!
Our business plan is especially
useful to designated brokers and
independents' that are looking
for a national service plan.
Our designated brokers work on a
modified franchise system in
which they recruit agents and
conduct business under either
our corporate name or using
their own (branded) name and a
tag line of “InterMLS® Service Provider”. In either case, InterMLS® will provide complete support using our virtual office!
As
you can see, this leaves you
free to sell real estate and
recruit new agents. Our
designated broker receives a
master web site and is assigned
a team template, which allows us
to build branded web sites for
all the agents under your
brokerage. This feature will
brand any service you dictate by
producing web sites for the
agent with your services
embedded. You may develop any
services you wish to push to
your assigned agents, i.e.
Mortgage, Title, Home Warranty
etc. By supplying these services
to your agents and your clients,
you supplement your income
through agreements established
by these vendors.
Let me give you an example of
how this works, following is an
example of one broker in
Illinois:
She currently has 72 agents
branded under my license in
Illinois. Each agent under her
license receives a web site
built using the services I
dictate. They currently are
Mortgage, Title and Home
Warranty.
Mortgages are provided by
LoanWorks, which will pay her
.5% of the loan value for every
client that they service
under the team sites. Every
agent has their
own site with a "LoanWorks"
link built into their home
pages. When a consumer clicks on
that service and a loan is
produced, the broker receives
.5% origination fee for
producing the loan. This
translates to approx $1000 per
loan produced through Loan
Works.
Title services are provided by
Stewart Title, which the broker
commits all her agents to use.
Each title request is provided
by an addendum to the listing
agreement and/or buyers agency
agreement, which is customized
for her specific needs. When an
agent takes a listing under her
license, we provide the Title
services on that transaction.
Stewart pays the designated
broker $400 for every title
written.
Home Warranty Services are
provided through American Home
Warranty, which will pay the
broker $75.00 for every home
warranty produced by team
agent’s sites.
Using this business plan, a
typical broker will receive
their traditional commission
split for agents on that
particular plan, as well as all
the ancillary service requests
produced by their web sites
(branding).
She takes $50 per agent for
service fees under her
license. In addition to this
fee, the broker receives .5% of
all mortgage produced which
equates to approximately 1/3 of
her total listed inventory (or
6% of her total closings) per
month. Finally, the
title services @ $300 per
transaction average. She uses a
traditional agent plan (85/15
split) for referral leads
generated by referral companies
such as HomeGain.
Monthly
Title 30x
$300 =$9,000
Mortgage
5x$1000 =$5,000
Service
Fees
75x$50 =$3,750
Traditional
Agents (16)
16x$2000=$32,000
Total Monthly
Income:
$49750
I understand that this is not a
typical scenario as our broker
has been recruiting for 3 years,
but even if you pull in 20
agents, the average income would
be $13,800 per month. This
figure does not include
the income from your current
book of business. If you couple
this with the fact that all
agents are managed through the
corporate office, this plan
becomes very lucrative!
Summary:
Through the InterMLS®®
business plan, designated
brokers have the ability to
promote traditional agents using
commission splits.
They also have the ability to
generate income through third
party vendors on the agent’s web
sites.
Designated brokers do not have
the expense or hassle of
maintaining back office
management.
You have increased support 24/7
for both your agents and their
clients.
You have a national branding
without the high franchise fees.
To Learn More About our
Designated Brokers Plan, simply
fill out our contact form and an
information package will be
emailed.
