Team Structure
Transcript: Strata Realty Group Excellence at Every Level Leaders Team Owner Broker Systems Manager Sales Manager Managers are subject to same commission tiers as independent agents on all personal opportunities Team splits in line with lead type Annually Profit Sharing will take place among managers (To be determined) Departments Departments Inside Sales Department Prospecting for New Business Outbound Calls Inbound Calls Setting Appointments Marketing Brand Listings Transaction Department Listing Coordinator Transaction Coordinator Training Department On-Boarding Continuing Education ISA department is paid 10% of gross commissions As ISA department grows, ISA Manager earns overrides on department (deducted from the 10%) in addition to personal production TC & LC Paid $250 per closing against $24k draw (Typically 200 files per admin annually) $395 Admin Fee charged to customer 5% Office Fee charged to agents on ALL transactions Transaction Structure Transactions On the Team TEAM AGENTS ARE ALL INCLUSIVE Signs Pictures Technology Coaching (Once applicable) Access to Admin Once an agent hits tier 3, we will reimburse them for all magnets, cards etc purchased w/receipts Responsible for MLS and Agent Dues* All transactions are subject to: Listing Leads Seller Leads $225,000 x .03 = $6,750 Gross Agent Side $6,750 x .05 = 337.50 $6,412.50 (Difference) x 30% (Split) = $1,923.75 (Agent Net) Strata Side $6,750 - $1,923.75 = $4,826.25 x 10% ISA Override = $4,343.62 $4,343.62 Gross +$395.00 Transaction Fee (Customer) +$337.50 Office Fee (Agent) $5,076.12 Gross Commission to Strata -$250.00 TC Fee -$250.00 LC Fee -$200.00 Pictures -$100.00 Marketing -$40.00 Signs $4,236.12 Final Gross to Strata Sphere/ Self Generated Pond Leads ISA Generated Buyer Leads Buyer Leads Agent/ Strata 60/40 50/50 40/60 Excellence at Every Level Growth No leads Circle prospect for new business Work first transaction with TC to understand the process Tier 1 Tier 1 Get to the Next Tier Upload 100 contacts Close one transaction Show 500 calls per month Open to pond May work open houses Access to TC & LC Shadow Tier 3 agent Tier 2 Tier 2 Get to the Next Tier Must close 5 transactions in 60 days Maintain at least 500 calls per month Open to lead flow Work Deer Island Coaching (Buyer) Shadow Tier 4 agent after 30 closings inside of 12 month period Tier 3 Tier 3 Get to the Next Tier Close 40 transactions in one year Maintain 1000 calls per month, recruit one agent Access to listing leads Coaching (Listing & Leadership) Increased personal commission incentive 10% from previous Shadow Tier 5 Agent after 50 closings of second year and all milestones have been met Tier 4 Tier 4 Get to the Next Tier Close 60 transactions in per year Maintain 1000 calls per month Recruit five agents for two consecutive years Opportunity to open expansion office (POD) - Earning overrides on entire POD Listing leads from ISA team Increased personal commission incentive 10% from previous Highest level of coaching Tier 5 Tier 5 Plan of Action Conversion + $100 M 3.0 % Current Goal GOAL Recruiting GOAL Leads Goal GOAL THE GOAL Return on Investment (ROI) GOAL Technology GOAL Coaching