We have two compensation plans at Fiv Realty – Fiv Fusion and Fiv Foundation. 

First up is Fiv Fusion, which is the plan used by most agents.  It combines productivity with the full benefits of both revenue share and the stock plan.   For individual agents and team leads, there’s an 80/20 split until $15,000 in commission has been paid to Fiv Realty each anniversary year.  Meaning, that for each commission earned, 20% of it goes to Fiv, but once $15,000 is paid, the agent is done for the anniversary year (this is what is referred to as capping). 

Team members also have an 80/20 split, but the amount of commission paid to Fiv is based upon the productivity of the team.  For teams that closed, in the previous year, either $6 million in volume or 30 transactions, the team member cap is $7,500.  For teams that, in the previous year, closed either $40 million in volume or 175 transactions, the team member cap is $5,000.

The Fiv Foundation plan excludes both revenue share and the stock plan.  The intent of this plan is to help agents who may be early in their career or going through one of the valleys of the business and need a more affordable option.  Agents still have all the support of the company and their circles as they lay the foundation to grow their business.  With Fiv Foundation, individual agents and team members have an 80/20 split with a $5,000 cap. Team leads are not eligible for Fiv Foundation.  We’re not a discount brokerage, but we recognize that sometimes a no-frills option is helpful.  Our goal is to help create a change that can get agents to move from Fiv Foundation up to Fiv Fusion to enjoy the benefits of rev share and the stock plan.

Since I’ve mentioned revenue share and the stock plan a few times, I’ll simply note you can find out more about those in other videos available at LearnAboutFiv.com. 

Now let’s move on to the fees at Fiv Realty.  All of these fees are the same regardless of whether you are an individual agent, team lead, or team member and it doesn’t matter if you are on the Fusion or Foundation plan.

First, there is a one-time $50 startup fee when you join Fiv Realty.  Second, there is a monthly cloud fee of $50.  Third, there is an E&O fee of $75 per transaction, but that caps at $550 each anniversary year.  Finally, there is a compliance review fee of $100 for each transaction. However, there is no review fee on a referral.  Plus, for commissions of $1,000 or less, such as you might receive for a rental, there is no review fee.

If you’d like to learn more about Fiv Realty, you can find other videos at LearnAboutFiv.com.  If you’re ready to ask a few questions or schedule a discovery call, you can use the contact form, call or text me at 512-650-7300, or email me at Craig@LearnAboutFiv.com.