Most markets have some sort of fee per transaction brokers. For big name brands, Re/Max tends to have the best deal at a desk fee somewhere around $10-$15k per year and 95-100% of the commission depending on the market.
What is your goal though? In some markets, the no name brands are looked upon as being hacks, which can make it more difficult to sell, and to have your offers accepted. However if you are not buying/selling a bunch of houses, then having a $10k per year desk fee just might not be in your budget.
Thanks! Honestly my main goal is to find the lowest fee possible because I’m only looking to accomplish 2 things
1.) access to MLS and be able to quickly modify my searches
And 2) be able to forego my commission on properties when I make an offer to make my offer more competitive
It sounds like you are looking for a mom and pop brokerage firm that will let you hang your license for a flat fee per deal or let you keep a high % of your commission. If you go this route you need to understand two things. Gotta make sure the firm you are working for is reputable. Second, you need to know that you will get zero help. These firms expect you to know everything hence why you are getting a high split. In my market having a big firm name is not a big deal and I personally don't care what a agents firm is. I treat all agents the same.
Thanks Frank! Really helpful advice. I definitely wouldn’t know the ends and outs of the contract process out the gate. Any recommendations on how to learn quickly?
No name mom and pop local brokerage. There are also flat rate company. The ones you mentioned are national franchise and low volume producers will not make any dough.
If you don't know the ends and outs of contracts you shouldn't be looking for a high split flat fee broker. Steve is correct. You are not trying to get rich quick. What you need is to work for a high producing team that will guide you and mentors you. All the firms he mentioned are great options.
I see this way too often. A rookie agent or agent who does 2 deals a year trying to get paid like they a top producer. Stop thinking about what the broker is taking from you. Instead look at it as a trade-off. You are giving a bigger portion of your commission to the firm to learn. This way you don't screw up a deal and you fast-track your way to success. Once you know what you are doing and don't need any help from anyone. Now go an negotiate a high split for yourself.