Frequently Asked Questions
Yes. The transaction fee is simply $500 for the first 12 sales and then $99 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 $500 for their first four transactions and then only $99 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 $500 transaction fee, the total commission paid will be $7000.
After closing 12 sales and reaching the CAP of $6,000, a Fathom agent would net $7,401 on each additional sale after subtracting the post-CAP transaction fee of $99.
Let's look at it another way. You would have earned $63,000 after paying $27,000 in broker splits with your current brokerage, assuming a 70/30 commission split. With Fathom Realty, you will have made $83,400 after spending only $6,600 in transaction fees, including the one-time annual fee of $600.
That's an additional $20,400 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.
Do you need any other reason to join Fathom today?