You may have heard several myths about joining RE/MAX, but they are simply not true. These comments usually come from competitors who fear losing their top agents.
Let's set the record straight and give you the lowdown:
1. “You can only join as an independent contractor.”
This statement is not true - you can join RE/MAX at whatever level you feel comfortable with. While RE/MAX was founded on the 100% commission model, this model has evolved over time to accommodate all types of commission packages and levels of experience.
2. “More like Feemax than RE/MAX.”
The best way to dispel the ‘Fee Myth’ is by way of a simple example. Let's say you are Joe, an Independent Contractor at a RE/MAX office. You sell a house for R1,000,000, with a total commission of R50,000. Here are the comparisons with three types of agencies: a traditional agency (50/50 split), a high commission agency (80/20 split), and RE/MAX:
|
|
Traditional Agency (50/50 split) |
High Commission Agency (80/20 split) |
RE/MAX Independent Contractor - Joe |
|
Gross Commission |
R50 000 |
R50 000 |
R50 000 |
|
Office/service fees |
(R25 000) |
(R10 000) |
(R3 250) |
|
Estimated fixed fees |
|
|
(R4 000) |
|
Administration fee |
|
|
(R1,670) |
|
Agent earnings |
R25 000 |
R40 000 |
R41,080 |
Even in this simple example, the RE/MAX office scenario is more favourable, because a RE/MAX agent earns R1,080 more in commission than the high commission split agency. Additionally, what value does the ‘high comm’ office provide beyond the commission structure? Do they offer ongoing training, mentorship, multiple lead generation programmes, and the greatest brand recognition in the country and across the globe?
To further dispel this myth, let’s look at what happens when Joe sells two houses. RE/MAX’s Fixed Fees are capped per month. So, let’s say you sell two houses at R1,000,000 each. You then walk away with R87,830 in commission, which is R7,830 more than you would have earned with a high-commission brand:
|
|
Traditional |
High Comm |
RE/MAX - Joe |
|
Gross Commission on 2 homes sold |
R100 000 |
R100 000 |
R100 000 |
|
Office/service fees |
(R50 000) |
(R20 000) |
(R6 500) |
|
Estimated fixed fees |
|
|
(R4 000) |
|
Administration fee |
|
|
(R1,670) |
|
Agent earnings |
R50 000 |
R80 000 |
R87,830 |
3. “At that company, you’re left to fend for yourself.”
At RE/MAX, you certainly won't be left to fend for yourself. We offer extensive training programs, all geared towards making you more productive—and we have the sales performance numbers to back that up. RE/MAX offers a wide range of bespoke tech and training for our agents and franchisees so that they can become successful entrepreneurs. We also offer continuous support to assist you in reaching your business goals.
RE/MAX? More like Dream/MAX
Quite simply, RE/MAX provides you with the best possibility of earning the maximum amount of commission while providing ongoing training and support to ensure you become a top producer in your area.
If you are curious about joining RE/MAX, contact us and take your sales career to the next level.
