The initial reason EQUITY REAL ESTATE started this program was based on a concern about the lack of health insurance for the Realtors in our brokerage.
We wanted to find a way to generate a second source of income for health insurance and retirement... or anything else that our agents needed. That being said, the money that is generated in the Equity Profit Share Program can be spent any way you want; you have 100% choice on what to do with it — after all it's your money.
For every agent that you refer to EQUITY REAL ESTATE that joins the brokerage, you receive $100 on each transaction they close, for as long as they (and you) are active Realtors® in the company (regardless of the brokerages profit, you always get paid!).
John Doe is an Equity Agent, he tells his friend, Jane Smith, about EQUITY REAL ESTATE.
Jane joins the brokerage and closes a transaction.
Equity pays Jane her commission from the transaction minus her transaction fee.
Equity pays $100 to John from the transaction fee that was collected from Jane.
We are all in business as Real Estate Agents to make an income. Here is your opportunity to make even more — for very little effort.
If you were to refer 5 Realtors® / year for 5 years, and each of them closed just one deal a month, the amounts you receive would be:
If you want some really interesting numbers: calculate more Realtors® referred each year or more transactions per month.