The next big evolution in the real estate industry is happening to the core of the business model itself. Real estate agents don't have to pay 20% to 50% Commission to the brokers they work for anymore.
San Jose, CA -- (SBWIRE) -- 04/08/2014 -- Alliance Bay Realty, a leading residential real estate brokerage firm, today announced that in just over two years it has grown to become one of the largest 100% commission brokers in Northern California. Since its January 2012 launch of 100% commission model, Alliance Bay Realty has expanded to over 300 real estate agents and many branch offices in Santa Clara and Alameda Counties. Alliance Bay Realty became one of Northern California's largest 100% commission broker in just over two years.
According to the president of Alliance Bay Realty Dave 'Dawar' Lodin, "The standard 80-20% commission split between brokers and real estate agents is going away soon." The real estate industry is shifting from a commission based split toward flat fee model.
Dave Dawar Lodin adds that most California real estate brokerages have high commission splits with its agents. However realtors prefer real estate brokerages that can offer them 100% commission with full brokerage support. The preference for a more hands-on approach to the choosing a real estate brokerage is also why most realtors would rather settle for 100% commission that will allow them to control their reins and spend more on marketing.
Since Alliance Bay Realty pay their agents 100% commission, their agents have additional financial resources available for marketing and incentives to offer their buyers and sellers. It's a win-win situation for everyone. Every agent that has joined made more money with Alliance Bay Realty than their previous broker.
"We are very pleased with the incredible growth of Alliance Bay Realty and warmest thanks for all the hard work and outstanding contributions of our agents and management team."
Alliance Bay Realty believes in integrity, accountability and high professional and ethical standards. It is committed to providing the best possible experience for its agents and best results for its customers. The goal is to provide a level of service that meets and always exceeds expectations.
About Alliance Bay Realty
Alliance Bay Realty / Alliance Bay Funding Inc is a full service real estate and mortgage brokerage serving Northern California since 2006. They have embraced a 100% commission model real estate brokerage and offer substantial savings to their realtor and broker associates, while providing more services than traditional real estate companies. For more information, please visit http://www.100commissionsplit.com/