Careers in real estate can be lucrative to those who work smart and put in the effort to build their business. However, most people working in the real estate and investment industry don’t have a solid plan for retirement. That’s why EXIT Realty Upper Midwest has compiled the perfect formula to help real estate agents enjoy a comfortable life after 65.
Careers in Real Estate: An EXIT Plan for Retirement
1. Sponsoring Residual Payments
When a salesperson recruits new people for their business, they receive a residual payment from every transaction the new salesperson closes. This residual amounts to 10% of the gross commissions, taken out of the EXIT head office’s portion and not the recruit’s. These residuals do not expire—as long as the recruit is working with EXIT and closing sales, the referrer will earn the payments.
2. Extending Into Retirement
When you choose to retire, you will still receive sponsoring bonuses as 7% of all sales. While you may no longer be working, you will still earn a regular income by sponsoring residual payments—as long as your recruits are still working. If you would like to increase that income, you may still recruit people into the company and enjoy their sponsoring residuals.
3. Added Beneficiary Benefits
It’s understandable that you would like security for your family as well, which is why EXIT offers beneficiary benefits as well. If something should happen to you, your family will still receive 5% sponsoring residuals. This will allow them to live off of your retirement income, even if you are not around.
The team at EXIT Realty Upper Midwest enjoy a wide range of benefits not offered by most other careers in real estate. They are the fastest growing real estate business in Iowa and pay millions of dollars each year sponsoring residual payments. Make the smart choice for your career and your future by contacting them online or at (612) 414-4022 today.