No Onboarding Fee Through December 31, 2023!
Frequently Asked Questions
No, Fathom Realty does not charge monthly fees.
Yes. The transaction fee is simply $550 for the first 15 sales and then $150 per sale after that. Residential leases are $85. Commercial transactions are a 90/10 split.
Yes. We offer the flexibility to establish your own team within Fathom Realty. You may set your own commission splits with your team members. Fathom’s model is the best model for building a team because you keep more of your commission and that of your team members. Best of all, your team members only pay $550 for their first five transactions and then only $150 per transaction after that. That means more income for your team members even though your split never changed.
Lease- Due to the nature of leases, the full lease commission will be paid to Fathom Realty after which your commission check will be cut to you.
We do have an annual fee or $600 due on the first transaction after your anniversary of each year which is clearly stated on all pages that talk about our plans. There is also a one-time activation fee of $99 when you first join. There are no hidden or franchise fees. The E&O is covered in the annual fee and more importantly, our agents are NOT responsible for paying the E&O deductible (unless they committed fraud which is NOT cool).
At Fathom Realty, when a $250,000 transaction is closed, the commission earned is $7,500 assuming a 3% rate. After subtracting the $550 transaction fee, the total commission paid will be $6,950.
After closing 15 sales and reaching the CAP of $8,250, a Fathom agent would net $7,350 on each additional sale after subtracting the post-CAP transaction fee of $150.
Let's look at it another way. You would have earned $78,750 after paying $33,750 in broker splits with your current brokerage, assuming a 70/30 commission split. With Fathom Realty, you will have made $104,250 after spending only $8,250 in transaction fees, including the one-time annual fee of $600.
That's an additional $25,500 more income per year just by switching to Fathom Realty! Think about what those additional funds could do to close more deals and grow your business. Also, under Fathom’s Agent Referral program you can earn stock for referring other agents, and even qualify to CAP4Life or be FREE4Life.
Do you need any other reason to join Fathom today?
How many clients actually want to drive out to a real estate office to meet? It’s usually out of their way and costs them time and gas money. In today’s fast-paced environment, it’s nice to be able to meet clients near their area of search. Many of our agents meet their clients at a local coffee shop with free WIFI Internet access. If a quiet, professional office is needed, almost all title companies and mortgage companies will let you use a spare office or conference room to meet your client.
No. However, we do host frequent training and social events to build community. If we need to share anything with you then we will email you the information, post it on our Mastermind’s group pages, and hold online webinars. With that said, we’d love for you to join us live because you can’t build culture in a vacuum.
Please contact us and we will provide you with the paperwork you will need to get started and walk you through the process. We know you are busy, so we work to make moving your license as easy as possible.