LPE Realty LLC, a licensed, cloud-based South Florida brokerage, takes no percentage split from its agents’ commissions. Agents keep their full commission and pay a low flat fee per transaction instead. The company publishes its current agent fees on its website, and those fees may change.
How does a percentage split work at a traditional brokerage?
According to LPE Realty, at a traditional brokerage a share of every commission goes to the company, often on top of monthly desk and technology fees. The company’s view is that this money pays for overhead the client never sees, and that it comes out of what the agent could have spent on the client’s sale.
How is a no-split brokerage different?
At LPE Realty there is no percentage split. Each agent pays a flat fee per transaction and keeps the rest of the commission. Agent fees are paid by the agent and are never charged to clients. MLS, association and lockbox dues are paid to those organizations directly, as at any brokerage.
Why does LPE Realty publish its agent fees?
According to the company, traditional brokerages rarely publish their fees. LPE Realty lists its current fees in plain language on its website so that an agent can see what the brokerage charges before joining. An agent then reviews the full agreement and fee schedule in writing before committing. The fees may change, and each agent’s fees and terms are set by that agent’s signed agreement.
What does the model mean for home sellers?
The company’s view is that an agent who keeps more of each commission has more to invest in presenting and promoting a client’s home. LPE Realty states this as its view, not as a promise about any particular sale.
What does the model mean for home buyers?
LPE Realty recruits experienced agents who generate their own clients and know their markets. The brokerage describes its agents as professionals who run their own business.
How does a cloud-based brokerage operate?
LPE Realty is a virtual brokerage with no walk-in office, and it does not require agents to work from an office. Agents meet clients at the property, on a video call or in the client’s own neighborhood, and a licensed broker supervises every transaction. Agents receive the LPE Realty logo and brand files for signs, listings and social media. The brokerage is launching its model starting in South Florida, and its agents work with buyers and sellers across South Florida, including Boca Raton, Delray Beach, Miami, Fort Lauderdale and Palm Beach, as well as other areas of Florida.
The current agent fees are published at https://lperealty.com/agents/.
Agent fees and terms are published on the LPE Realty website and may change. Each agent’s fees and terms are set by that agent’s signed agreement with LPE Realty LLC. This announcement is not an offer of employment or a guarantee of earnings, leads or results.
About LPE Realty
LPE Realty is a cloud-based real estate brokerage serving home buyers and sellers across South Florida, including Boca Raton, Delray Beach, Miami, Fort Lauderdale and Palm Beach, as well as other areas of Florida. More information is available by email at info@lperealty.com or by calling (561) 652-6917. Equal Housing Opportunity.
LPE Realty
info@lperealty.com
+1 561 652 6917
Serving South Florida
Boca Raton
FL
33432
United States
