When Steve Morris founded EXIT Realty Corp. International in 1996, he imagined a company where everyone in the corporation could get a piece of the action thereby creating a future for real estate agents that never existed in the industry before. Sixteen years, hundreds of offices and thousands of agents later, the company today announced that it has paid out to-date, more than a quarter billion dollars in single-level residuals to its associates across the continent.
“And this is just the beginning,” said Tami Bonnell, CEO. “As EXIT Realty continues to grow through a spirit of mentorship, this number will increase exponentially as more and more agents and their families reap the benefits of being associated with an organization that is truly revolutionizing the industry.”
EXIT Realty’s unique business model known as the EXIT Formula, provides a third income stream in addition to the traditional streams of taking listings and making deals. Through a process known as “sponsoring” EXIT associates earn a 10% single-level residual paid by EXIT Realty Corp. International based on the gross commission of those real estate agents they introduce to the company and are hired. When the associate retires or decides to take time off for maternity leave, an extended vacation, etc., the 10% sponsoring bonus converts to a 7% retirement residual. And if something should happen, the agent’s family is looked after too when the residual converts to a 5% beneficiary benefit.
“Residuals are the icing on the cake for our associates,” said Morris, “but the cake is substantial all by itself. Our training, technology, leadership, company culture and support are just a few of the reasons real estate entrepreneurs are attracted to our organization and why they stay, building meaningful, rewarding and lucrative careers. We value each and every one of them - it’s a love affair.”
Author:Dorothy Lee Phone: 615-973-6363 Dated: April 1st 2013 Views: 494 About Dorothy: Dorothy Lee’s 18+ years extensive knowledge and experience in Real Estate provides her a unique v...
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At Exit Realty of the South, we are committed to providing you with up-to-date information, comprehensive resources and the highest possible level of customer service in order to meet or exceed your real estate goals and objectives. Guided by honesty and integrity as a professional standard throughout the company, we are devoted to your total satisfaction as the benchmark of our success. The recipe for our success is an extensive support team that is second-to-none and passionate real estate professionals who invest numerous hours of continuing education to remain on top of their field.
Above and beyond having the desire, knowledge and ability to manage a real estate transaction, we employ innovative tools and systems that allow us to be most effective and efficient in serving you. From our computers to web-based real estate software and many other innovative techniques, we are driven to stay at the leading edge of technology to better serve you.
Our mission is to provide the highest quality Realtor services. At Exit Realty of the South we strive to provide the most knowledgeable and savvy real estate agents in the market. Whether you are buying or selling, an Exit Realty of the South sales representative has the skills to serve you above the rest.
Part of the job of a REALTOR® is keeping up with what is happeni
"Dorothy was personable, professional, and wonderful to work with. She had great ideas on how to sell my home. Dorothy used her many years of experience to help me set my price, negotiate counter offers and close the deal. She actually had two offers within 4 days of it being on the market a and ultimately had my house sold and closed within 25 days. "