Typical careers in real estate are two-dimensional in income possibilities, as agents can earn their livings by taking listings through sellers or closing purchases for their buyers. EXIT Realty Upper Midwest has revolutionized the industry by adding a third dimension of income for their team members: residuals. This formula for residual income provides unlimited financial possibilities for their agents.
What Residuals Are
Residual income is available in EXIT Realty through sponsoring new careers in real estate. When an existing agent refers a new employee to the brokerage, they earn residuals through each of that new agent’s sales. The residual income is not taken out of the new agent’s commission check; it is taken from EXIT’s side of the commission. There is no income cap, and the brokerage pays out millions of dollars each year in residuals to their agents.
How the Formula Works
An active real estate entrepreneur can earn 10% sponsoring residuals through their recruits. This is 10% of the gross commission paid to their sponsored recruits, which is paid through the head office. Once you retire, these residuals convert to 7%. As long as your recruits are still working with EXIT and generating sales, you will continue to earn retirement income with no effort required from you. Retirees can also continue to recruit new salespeople into the brokerage to earn more residuals. Should something happen to you, your beneficiary will perpetually receive 5% residuals on your behalf. This ensures that your family will be taken care of as well.
Choosing the right team to work with will make all the difference in the success of careers in real estate. EXIT Realty Upper Midwest provides a host of benefits to ensure their agents’ success and financial stability. In addition to the residual income formula, they offer leadership opportunities, training, and more with no desk fees. They have territories throughout multiple states, including Illinois, Iowa, Minnesota and South Dakota. Call (651) 505-3570 or visit them online to talk about your career and begin your future now!