To help you better understand the financial aspects of working with Kale Realty, this article provides an overview of the various fees associated with their brokerage services.
1. Monthly Technology, Training, and Support Fee:
Kale Realty charges brokers a monthly fee of $54 for access to resources, training programs, and ongoing support. This fee is designed to help brokers stay updated with the latest industry trends and provide them with the necessary tools to succeed in the real estate market.
2. Annual Fee:
The cost of E&O insurance through Kale Realty and tech tools is $199 per year.
3. Transaction Fees for Sales and Rentals:
Buyer or Seller Transactions: When working with a buyer or seller, brokers pay a transaction fee of $350 (or 10% if that is lower than $350). The remainder of the commission earned from the transaction goes to the broker.
Residential Rental Transactions: For residential rental transactions, brokers pay Kale Realty a fee of 20% of the commission plus an additional $15. This fee is deducted from the commission earned on the rental transaction.
4. MLS “Back-End” Fees:
For listings on the Multiple Listing Service (MLS), Kale Realty charges “back-end” fees. These fees are typically paid by the party representing the buyer or renter and are not deducted from the broker’s commission. The “back-end” fees are as follows:
For listing a home for rent on the MLS, there is a fee of $95.
For listing a home for sale on the MLS with a sale price between “$49,999 – $0” there is a fee of $175.
For listing a home for sale on the MLS with a sale price between “$50,000 – $149,999,” there is a fee of $275.
For listing a home for sale on the MLS with a sale price of “$150,000 and above,” there is a fee of $495.
These “back-end” fees help cover the costs associated with MLS listings and ensure that properties are effectively marketed to potential buyers or renters.
5. $100 Flat Fee
Kale charges a flat $100 to the sellers on all sales listings. This is an administrative fee on top of whatever is agreed between the broker and the seller and is retained by Kale after closing.
6. CAP on Fees
Once you hit $6,000 in total ‘Transaction” fees. Your next deals for the calendar year will be $0 in transaction fees. The calendar year starts on Jan 1st. This only applies to transactions, not monthly or yearly fees.
Comments