Virtual Real Estate Broker
Virtual Real Estate Broker just $99 per month!
Tired of splitting your commission with a broker or paying for an office you don’t use? Virtual Real Estate Broker may be a perfect for you.
- 100% of the commission is yours!
- We handle all of the invoicing and collections for Locators
- Free proprietary CRM access for your sales process
- Mentorship that includes 1 on 1 training
- Training Videos and Online In-Person Training Via Zoom
- Included Errors and Omissions Insurance (1 Million)
- Work Part-Time or Full-Time, No hour requirements
- No Minimum Sales Goals or Quota
Want to Know More?
No Soliciting Please
- $15 Transaction Fee
- $199 For First 3 Months
- $15 Transaction Fee
- $199 For First 3 Months
CommercialMLS or Non-MLS
- $15 Transaction Fee
- $199 For First 3 Months
LLC BrokerEither MLS or Non-MLS
- No Hidden Fees
- $299 Sign-Up
FAQ for Virtual Real Estate Broker
- The First 3 months of your sponsorship
- 250 business cards
- Transfer fee in TREC
- 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
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 $15 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.
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.
You may be wondering how long does it take to become a licensed real estate agent in Texas, or maybe how much is it going to cost me? The Texas Real Estate Commission website provides you the steps that need to be completed. File application and pay fee Get fingerprints taken and pass background check Complete education Take Exam Find a sponsor The order is about right, but there are some things you can
Looking for a low-cost Texas Broker Sponsor? Spirit Real Estate Group has a broker sponsor program for agents that is $199 to start, and that covers your first 3 months. Then sponsorship is just $99 per month afterwards. There is a $15 transaction fee on each transaction and that covers the expenses. What is the commission split? You keep 100% of the commission. Why do we include 3 months in the sign-up fee? We recognize
You have just passed your real estate exam and you are looking for a broker sponsor, or you are looking to change broker and you don’t know what to do to find a sponsoring broker.
A traditional brokerage has broker splits that range from 10% to 60 or 70%. That is a big chunk of the commission that you earn on a transaction that you provide. There are broker solutions available for agents who want to keep ALL of the commission. We explain How Does 100% Commission Brokerages Work! Is there a catch?… Yes A traditional brokerage normally has a lot of overhead costs and will often provide extensive training
When you get started in Real Estate there is a question that will inevitably come into your mind. How to be successful as an independent real estate agent? We discuss the 4 traits you need to find that success. The area of real estate that you are working doesn’t change the traits you need to be successful. Residential Sales and Leasing Apartment Locating Commercial Real Estate If you are looking for some magical tool that
Why are agents looking for broker sponsor programs right now? Most of them are looking for 100% commission, which also means that you are looking to earn more off the work that you are putting into your business. Some are just looking for the freedom to sell real estate without the burden of quotas and exorbitant fees. Whether you are working for a traditional broker like KW or Findit, or working for yourself as in
The greatest thing about being a real estate licensed salesperson is that whether you want to do residential sales, apartment locating, property management, or commercial real estate, they all require the exact same license. The basic answer to whether you can be both an apartment Locator and a Realtor is, YES. Your restrictions on whether you can be more than one of those at the same time lies within the capabilities of the
The cost doing residential sales is probably one of the more expensive licensed professions. You are essentially building a business from scratch, your business. There are a few requirements that have to be met in order to do residential sales. The first is getting a real estate salesperson license from the real estate commission. Licensing Cost The cost of becoming a licensed salesperson in the state of Texas is about $900. Like
I have spoken about the costs of owning an apartment locating business in another article, and in this article, I will outline the costs of being an apartment locator. I will cover the different level of costs associated with working for yourself, and also working for someone else. There are some people that do not realize it, but you have to have a real estate salesperson license in order to conduct apartment locating transactions.