S1 EP33: Making the Switch From a Flat Fee Brokerage Back to a Split Model

There are basically two different types of real estate brokerages out there, one being a split model and the other being a flat fee model. While Greg is not here to knock either one, having been successful using both models, he does want you to weigh the pros and cons.    From training to marketing to scaling, tune in as your host explains why he is making the switch from a flat fee brokerage back to a split model. And the massive capital push Out Fast Realty is undertaking to go national!   KEY POINTS: - The differences between a split and flat-fee model - There is no such thing as a 100% commission brokerage! - Why so many big-box brokerages are on a split model - A flat-fee brokerage = an agent paying for EVERYTHING - Support, scaling, and marketing difficulties facing a flat-fee model  - Out Fast Reality is going national!   QUOTABLES: “We have been acting as a flat fee brokerage for almost two years or right around two years. And in all honesty, it was great. It helped us recruit a lot of agents. But the problem is, we weren\'t making enough money to support the agents the way that we have always wanted to support them.”   PRODUCTS / RESOURCES: Like what you’re hearing? Be sure to rate, review, and subscribe to the Closer’s Corner on all major streaming platforms! Youtube | youtube.com/channel/UCrpiC2lNLFa5ofCltBqaxsw   Find out more about Out Fast Realty & Investments at: outfastrealty.com IG | instagram.com/outfastrealty FB | facebook.com/outfastrealty   Follow Greg Simpson on social media! IG | instagram.com/realgregsimpson/ FB | facebook.com/realgregsimpson       Closer’s Corner is edited by Instapodcasts (visit at instapodcasts.com)