As technology continues to change the real estate industry, online real estate brokerages and virtual real estate brokerages have begun to grow in popularity. These modern brokerages allow agents to work from anywhere in the world, and they typically offer lower fees, preferred commission structures, industry-leading technology, and back-office coverage.
Knowing what you desire in a real estate brokerage is crucial when deciding what type of real estate brokerage is right for you. If you are looking for more control over your brand, then a modern real estate brokerage may be the best option for you.
What is a Modern Real Estate Brokerage?
An online real estate brokerage is a brokerage that does not have a physical office for agents to use. This kind of brokerage can provide the same services, assistance, and capacity as a brick-and-mortar firm but without the associated costs.
By partnering with a modern real estate brokerage, you'll get access to training, support, marketing assistance, and transaction management, and since the brokerage doesn't have costs associated with a physical location, many offer a lower cost option to hang your license, while offering similar or better benefits.
Benefits of Joining a Modern Real Estate Brokerage
Choosing the right real estate brokerage plays a significant role in how successful your real estate business performs. It's important to find the support, training, and guidance you need to build the type of business you desire.
There are several advantages to working as a virtual real estate agent, thanks to the Internet. The Internet has had a huge impact on the real estate profession in more ways than one, just like it has for every other industry. Virtual real estate brokerages are no longer considered an industry anomaly — they are here to stay.
Here are seven benefits to joining a real estate brokerage online.
1. Lower Fees and Commission Splits
When you work with an online or hybrid real estate brokerage, one of the biggest benefits you will find is the lower fees associated with the brokerage. Since there is little to no overhead for the brokerage, you will often find the commission split is much lower compared to the traditional brokerage. Here at Radius Agent, we believe you work hard for your money; that is why we offer zero split commission plans. There are three different monthly plans for you to choose from, so you're able to select the one that fits within your budget.
2. Industry-Leading Technology
A modern real estate brokerage is typically at the forefront of technology and offers cutting-edge tools that can help you streamline your business. From transaction management to lead generation, these brokerages offer an arsenal of resources to help you succeed. Radius Agents offers a variety of technology options to help our agents succeed, including access to Google Suite, community support on Slack, and CRM & Website options.
3. Create Your Own Brand
As an independent contractor, one of the benefits of joining a virtual real estate firm or hybrid real estate firm is that you'll be able to create your own brand. You'll have more control over how your name appears in online searches and will be able to put your own personal stamp on your business. Many traditional real estate brokerages require their agents to follow specified branding requirements, which takes away from your business. Smart real estate agents know that it doesn't matter what brokerage they're associated with; consumers work with them because they're the right person for the job.
4. Agent Development
Professional development is a major benefit of modern brokerages. Because our real estate brokers offer access to the same support, training, and resources as traditional firms, you can learn how to grow your business from anywhere in the world, on your own time. Radius Agent believes in empowering modern agents with training and resources to grow and succeed; that's why our agents have access to courses that cover everything from learning how to use the tools we provide, to how to negotiate complex deals. Whatever you need to learn, there's a course ready for you!
5. Back Office Coverage
Whether you need assistance with transaction management or would like help marketing yourself online, as an online real estate brokerage, we provide back-office coverage that allows you to focus on what matters most: finding and supporting your clients. The integrated dashboard puts everything you need to run a successful real estate business at your fingertips. Our marketing department is available to help with creating and executing your social media marketing, and our team helps to ensure expert compliance and transaction coordination.
6. Stock Options
When Radius Agent launched its real estate brokerage online in 2020, it did so with a team of investors. Now, you can also become an investor as well. For those looking for more ways to increase their income and wealth, Radius Agent offers the ability to earn stock options for associate brokers and team leads.
7. Client Serving Programs
No matter what brokerage you join, having access to programs that serve your clients helps you provide a better and more enjoyable real estate experience. That's why Radius Agent gives affiliated agents access to white-glove services for your buyers and sellers. With the real estate market on fire, homeowners want to ensure they'll have a place to live before selling their homes.
The Buy Before You Sell program gives your clients the peace of mind they desire. Once they are ready to list their house for sale, the pre-sale home prep allows your sellers to work with a professional designer to get the property show-ready, connect them with locally-trusted vendors, and defer all costs until closing. Offering you and your clients the competitive edge is our specialty and we partner with amazing businesses that power our financial offerings allowing, allowing you and your clients to win the deal.
Choosing the Right Real Estate Brokerage
There are many reasons to consider joining a non-traditional, tech-centric real estate brokerage. With lower fees, industry-leading technology, and the ability to create your own brand, these brokerages provide independent contractors the tools they need to succeed.
That's why choosing the right brokerage is a personal decision that only you can make. Radius Agent is quickly becoming an industry leader in providing virtual and brick-and-mortar real estate services for modern professionals who are ready to handle the high-demand challenges of running an online business because it was founded by leaders in the real estate industry.
If you're looking for a modern brokerage that offers the same support, training, and tools as traditional real estate brokerages while still providing agents with branding opportunities to grow their business online, Radius Agent is the place for you.