Frequently Asked Questions
Frequently Asked Questions
The broker holds your license so you work as an apartment locator, or a Realtor, or both, and broker sponsorship here at Spirit allows you to operate as an independent real estate agent where you can earn higher commission without the confines of a traditional brokerage structure.
- The First 3 months of your sponsorship
- 250 business cards
- Setup costs for CRM and email access
- Access to Training
No, your sponsorship includes the ability to do one or all of the different areas of real estate that we offer.
- Residential Sales
- Residential Leasing
- Apartment Locating
We do not. We have a lead generation training and a couple resources we can connect you with where you can get leads, but we do not provide leads to the agents.
For residential we have a membership with OpCity.
The process of changing the license over is a simple process on TREC online services, and you can start working in a matter of minutes. The transfer process with the board for Realtors may take a little more time, but that does not prevent you from working in the meantime. It can get complicated if you are trying to transfer transactions that are under your old broker. Some brokers could make this part of the transfer difficult.
Upon completion of the signup process, you will be given an invitation from TREC, CRM and Agent Portal access, a new agent packet, and a SpiritRE email address. This process takes very little time and if you have spoken with us directly beforehand, then we can time it so that it is seamless. With any 100% Commission Brokerage transfer, it is recommended that you notify your current broker and have an understanding about clients and payment of outstanding transactions. However, it is not required, and it will not hinder the transfer of your license.
Your responsibilities, outside of what is defined by TREC and out policy and procedures, as an agent under the sponsorship program, is to generate leads and work your clients through the sales process. We handle all of the administrative duties so you can focus on generating your leads and closing deals!
Yes, we encourage our agents to build a team of agents if you have a surplus of leads. With the franchise program you can set a split with an agent that you bring on and manage.
There are some additional requirements which can be found on the franchise page.
Realtors for 100% Commission Brokerage are paid directly from the title company at closing via the CDA which is provided through the CRM.
For locators and residential leases, once payment has been received by the property management, the CRM will be updated and the payment will be sent out at the end of that pay period.
Payroll Check runs are at the end of pay period which end on the 10th and the 25th of each month. You have a choice of payment via check or direct deposit.
$199 will pay for setup and your first 3 months of sponsorship. After 3 months it is $99 per month. The transaction fee is $25 per transaction whether it is apartment locating or residential sales, or leasing.
Yes, your first 3 months are $199, but in the event you would like to pay for more, then you can pay for additional months in advance with a minimum of 3 month’s and receive $10 off per month. One year of sponsorship will be charged at a discount of $999.
You receive a whole list of services along with training, crm, business cards, and much more. Please check out our services page for more information.
If you are planning on conducting residential leasing or sales, yes, you will need to join the one of the boards that we are members of, and pay for your own membership fees and MLS fees. However, if you are an apartment locator and you are only conducting apartment locating transactions, no. The apartment locators are not required to join any board or pay association dues.
No, you are free to work as hard or as little as you choose. If you are only planning to do a couple transactions per year, then you may consider parking your license with us.
You would be an independent agent for Spirit Real Estate Group, LLC. Realtors can setup a DBA and we can register it with TREC at no cost to you. You would be still working as an agent for Spirit and would need to make sure all advertising meets the TREC rules listed.
As an apartment locator you must operate as a “Spirit” agent because all collections and compliance services are for the brokerage and are payable only to the brokerage. We can make the commission checks payable to the DBA, but you would be working as a Spirit agent.
We handle all of the invoicing and collections of outstanding commissions on apartment locating and residential leasing. The responsibility of the agent goes to confirming the lease with the property and providing a signed lease verification, or ABB. Afterwards, our accounts receivable will follow up with the property management until payment is received.
For apartment leases it is quite common to have an incentive.
Spirit will pay out in the form of a check or Zelle for any rebates that have been promised to the client as long as the rebate form has been completed and payment was received from the property.
Other incentives like a free move, or packing services, etc… are not facilitated by Spirit and would need to be handled and paid for by the agent.
Yes, you will be given the broker’s cell number upon sign-up and if he doesn’t answer he will contact you back within 24 hours. Along with the training materials available in the Agent Portal you will have available to you 1 on 1 training, mentorship, and oversight so if you are trying out a new area of real estate like apartment locating or residential sales, we are reachable so you can rest assure that you are on the right path.
We offer commercial real estate sponsorship as a service now. There is an additional review fee on commercial transactions. For more information please go to our commercial real estate sponsorship page.
Property management sponsorship services are not available.
We setup a Zoom screen share where we walk you through the training step by step, and you are on the call with a live person who is there to answer questions you may have. Afterwards, you are given a PDF of our proprietary training decks for your own use to review after the training is over.
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