,

|

HomeSmart Fee Schedule

February 20, 2024

100% Commission?

It’s true, you receive 100% of your commission less Homesmart’s Fees.

Let’s break it down and see if the math works for you.

Monthly fee $49

Transaction fee is $599

Example

So let’s say you don’t have any transactions all year until December, and your commission is 3% of $150,000. You paid HomeSmart $50 bucks every month, which totals up to $600. Your transaction cost for December was $600 bucks. Your commission before expenses is $4,500. If we deduct your transaction fee of $600, and your $600 total payments to HomeSmart, your net income would be $3,300. That’s a 73/27% commission split for you split agents out there.

Monthly fee $99

Transaction fee is $499 for the first transaction of the month.

$299 for each additional transaction in that month.

Example

This is a great plan if you have many transactions each month all year long. We’re going to pretend you don’t have any transactions until December when you close on two $200,000 homes with a 3% commission. You paid HomeSmart $100 bucks each month totaling $1200. Your first transaction cost $500 bucks, and the second transaction cost $300 bucks. Your commission before expenses is $12,000. ie (200,000×2)x.03=1200. If we deduct your transaction fees of $800, and $1,200 total payments to HomeSmart, your net income would be $10,000. That’s an 83/17% commission split for you split agents out there. Yuppers, that’s all year and you do two transactions in one month.

Monthly Fee is $149 for the team leader and $49 for the members.

Transaction fees are $399.

Example

So let’s say Jack and Jill sell a $300,000 house on a hill with a 3% commission. Jack pays HomeSmart $150 for 12 months, and Jill pays $50 for the same 12 months totaling $2400. The transaction fee is $400 bucks. Their commission before expenses is $9,000. If we subtract $2,400 Homesmart fees, and a $400 transaction fee from the commission that gives us a net commission of $6,200. That’s a 69/31% commission split for your split agents out there. $3,100 for each agent, if we split it evenly.

$199 one-time Start-up fee.

Residential rental transaction fees are 10% of the commission with a $50 minimum fee or a $499 maximum fee.

Commercial rental transaction fees are 10% of the commission with a $100 minimum fee.

Referral commission fees from Residential transactions are 10% of the referral commission, with a $50 minimum fee or a $499 maximum fee.

Referral commission fees from Commercial transactions are 10% of the referral commission with a $100 minimum fee.

Property Management Fees $25 per door each month it’s rented.

There is an annual cap of $15,000, then all transaction fees are $150 until the year starts over.

Do the math, and if you want to know more give Vickye a call.

The views and opinions expressed within the content are solely mine and do not reflect the opinions and beliefs of HomeSmart Realty South or its affiliates.