75/25 COMP PLAN - 16K CAP
Agent is responsible for collecting a transaction fee of $295 for each side, due at closing
Agent is responsible for $25 E&O fee for each side, due at closing
Agent pays splits with Icon Premium Realty up until their $16,000 cap is met and then receives 100% commission thereafter until their next Agent Anniversary Date reset
Agent is responsible for $25 E&O fee for each side, due at closing
Agent pays splits with Icon Premium Realty up until their $16,000 cap is met and then receives 100% commission thereafter until their next Agent Anniversary Date reset
GROSS COMMISSION BREAK EVEN TO CAP
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Annual Volume Needed to Cap:
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$2,133,333.33
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Average Sale Price Per Listing:
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$333,333.33
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Times Average Commission:
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3%
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Equals Dollar Commission Per Listing:
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$10,000
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Times Agent's Portion of Total Commission:
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75%
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Equals Agent's Dollars Per Listing Sold:
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$7,500
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Equals Agent's Company Dollars:
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$2,500
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Annual Agent Cap:
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$16,000
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Agent's Cap Divided by Company Dollar:
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6.40
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Average # of transactions needed to cap
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