FAQ’s for Agents
What are your commission splits? We are a 100% company so you keep 100% of your commission, it’s as simple as that! We do have teams that operate within Domain Realty, which is always an option to consider, but those teams do come with a traditional split structure along with some additional resources.
Is there a desk fee? Yes, the monthly desk fee is $100.
What resources will I be provided when I join Domain? We set you up to succeed from the very start….. you’re equipped with an AppFiles account for all contracts/document storage/e-signature capabilities, your own high-quality/functional/adaptive IDX website, a custom built CRM for you to help manage your database/follow-up/drip campaigns, and lastly a review service that we streamline for you after each and every closing and auto-push to your website, Realtor.com, & other social media accounts. We have many other resources such as community/city maps, floor plans, contract comparison guides, etc that you’ll find available in your AppFiles account.
What other brokerage related costs will I incur? Beyond your $100 a month desk fee, the only other brokerage related costs are a $195 transfer fee per sale at closing and a $50 per transaction errors and omissions charge.
Do you have a new agent training program? The straight answer is yes but not the typical training you’ll find out there. We have training covering Domain Realty 101 type stuff, the systems we use, and new agent meetings to help with the learning curve. Our new agent training is more hands on and internship style instead of boiler plate templated type training. We believe in the individual, what works for you might not work for the next, so we learn to play to YOUR strengths which has a much better chance at success. The 1 on 1 support you’ll find at Domain is not very common and I stand by it 100%. We have a high success ratio with new agents, but then again, we also don’t take on every new agent we interview.
What forms of training or continuing education do you provide? At the foundation of what we do, it’s ALWAYS about stepping up our game. From our many monthly trainings, to resource guides, tips/thoughts/news of the week, help videos or podcasts, vendor updates, and really just being a culture of people that are constantly improving our knowledge as real estate professionals. That’s the value we bring to the table. They say you become a product of your environment and I can promise you there’s a TON of quality people and agents at Domain.
Do you have a mentor program? Yes we sure do have a mentorship program. We can pair you up with a more experienced agent within Domain to shadow and have at your disposal for an agreed upon period of time or number of transactions, generally splitting the commission 50/50. But it’s all negotiable and agreed upon beforehand in writing to protect the interest of all parties and provide clarity to the agreement.
Is there mandatory office hours or desk duty? No mandatory hours or desk duty.
Are commissions paid immediately upon closing? Upon closing taking place, the transaction has now “funded” which means all monies can now go to their appropriate place. Either the check comes to Domain Realty and within 24 to 48 hours your check will be ready for pick up or you can fill out the “Broker Authorization Form for Direct Payment” which then allows you to get paid directly at closing from the closing agent when the transaction funds.
What is the company culture like? To be honest… that’s what really sets Domain apart. We are a very collaborative, open sharing, and a help each other type atmosphere where you’ll find a lot of long standing relationships under the Domain umbrella. Overall, we’re very easy going, have fun, but at the same time we’re very good at what we do. It’s hard to explain until you actually feel it for yourself. I encourage you to call one of our many agents to ask about us. You’ll get honest feedback.
Why should I choose an independent brokerage instead of a franchise firm? There are pros & cons to every office you step foot in. You need to figure out what’s going to be the best environment for YOU to excel and succeed in the real estate business. Trust your gut. Regardless of the move you make is sort of a “leap of faith” because the truth is, you don’t know until you know. The good news is…. Domain has an open door, no strings attached policy. Our agents want to be here.
What types of advertising do you do? We are not only one of the top online marketing companies in the state of FL, but also in the entire US. We own and operate over 820 websites and pay for enhanced exposure on most visited portals. It’s a long list of things we do but all I can promise you is that Domain offers our clients something most brokerages cannot compete with. There is such a thing as the “Domain Difference”.