FAQ

Why Real Innovate Realty?

Because you will be working with a very experienced company that offers amazing support, innovative solutions to your business, and you will save thousands on your commissions.

What are the commission splits and fees?
We have two commission options to choose from.
1. Flat Fee – You only pay $495 Per Closed Transaction or 10% (whichever is less) and $130 for E&O per closed transaction.
2. Pro Plan – You pay a monthly subscription fee of $239 per month and $130 for E&O per closed transaction. There are no other transaction fees with this option. If you plan on closing 5 or more transactions over the next 12 months, then the Pro Plan is the way to go.

How much does Real Innovate charge for referral fees and/or leases?
Real Innovate charges 10% on referral fees and/or leases up to a maximum of $495. There are no E&O charges for these type of transactions.

How much will it cost to join Real Innovate Realty?
Nothing at all. There are no franchise fees, no sign up fees, and no office fees. Simply click on JOIN and fill out the application. The entire process will take less than 15 minutes.

How soon do I get paid after an escrow has closed?
If you’re working with a Real Innovate TC, you will get paid directly from escrow. We will instruct escrow to disburse funds directly to you at closing. If you’re handling your own file, you may still get paid directly from escrow once you have satisfied our requirements.

How much does the Real Innovate TC charge and what type of service do they provide?
Our approved TC’s charge $350 per closed traction. We provide excellent service to our agents that include all buyer/seller correspondence, contracts and disclosures, and third party vendor arrangements. All of your files will be uploaded to the Real Innovate Transaction Room and will be accessible from any computer anywhere. When your transaction closes, there will be no additional steps required of you. Just look out for your check.

What is Real Innovate Transaction Room and does it cost anything?
Real Innovate Transaction Room is a game changer for real estate professionals. It is an online transaction management tool that stores all of your documents online and is accessible from any computer anywhere. You have the ability to manage all of your transactions online. If using our TC and Transaction Room together, it will eliminate the need to forward and fax documents back and forth. Our TC will make sure that all documents and disclosures are signed and are uploaded and accessible online. (This tool will save you hours of work for every transaction.) Real Innovate Transaction Room is free of charge for Real Innovate agents. To learn more – Click Here.

Can I negotiate my commissions with my clients?
Yes, you are free to negotiate your own commissions and terms with your clients.

Can I handle commercial transactions and leases?
Yes, we accept agents that practice all forms of real estate transactions. Please contact Real Innovate Realty to discuss the types of transactions that you are interested in conducting.

When can I begin doing transactions under Real Innovate Realty?
Once you initiate the changes of employment with the DRE. (Using elicensing is the quickest option and should only take 5 minutes to complete.)

What kind of license do I need to join Real Innovate Realty?
A valid Real Estate Salesperson’s or broker’s license issued by the California DRE.

Am I free to use any lender, title company, escrow company, or third party vendor?
Yes, you are free to select any services that will best suit your clients’ needs.

How do I get broker support?
Broker support is provided 24/7 and is very easy to obtain. You may email broker@realinnovate.com, call 877-734-8207, or fax to 760-683-3228. We will also provide you with the broker’s direct mobile number once you join as an agent.

What forms do you use?
Standard CAR approved forms. These forms are provided for you as part of your CAR membership benefits. They are available via a desktop version or an online version. The online version comes with forms advisor to help you know which forms to use for a certain type of transaction. We also provide an entire forms library in our virtual office to all of our agents at no cost.

Do you provide office space?
No. All of our agents work from their home or personal offices. We do provide a virtual/online office for all of our agents to log into to stay connected with our company and to access marketing material, forms, articles, documents and anything else that you will need to be efficient in your business.

What if I need an office or a corporate mailing address?
We have solutions for all of these situations through affiliated business partners. If you need to rent a conference room for an hour or would like to rent an office by the month, we will provide solutions for you at a discounted price through Regus Office Group.
We also have affiliated agreements for mailing solutions, including an online mail solution that will scan documents, forward mail, and even deposit checks into your bank account.

This all seems a little techy for me. Do I need to learn all of these online tools?
Real Innovate Realty provides these tools as a benefit to our agents to help them in their business pursuit. We don’t want to make anything more difficult for anyone. These tools are there for the advanced user or anyone willing to learn.
However, we cater to any agent in the business and will work with you on any level. We are flexible with our agents and we will strive to make things easier for you.

Am I making the right choice to join a virtual real estate company?
We strongly believe the answer is YES. As consumers have moved online, the real estate agent has had to transition their marketing and business this way as well.
Real Innovate Realty is designed to offer superior support to our agents, innovative tools and efficient solutions, all for a very low flat commission fee or monthly subscription.
As technology advances, the possibilities continue to grow. Please speak with us today to discover if Real Innovate Realty is right for you.

How do I join Real Innovate Realty?
Click Join and follow our simple steps.