FAQ

Frequently Asked Questions


You offer the same things as other brokerages…Why should I join you?
How much will it cost to join SoCal eRealty?
Is there a minimum sales volume at SoCal eRealty?
What about the cost of risk management?
How much is the total charge per closed transaction?
What if I refer a client to another broker and receive a referral fee?
How soon do I get paid after an escrow has been closed?
Can I negotiate my commissions with clients?
As the buyer's agent, I agreed to give part of my commission to buyer. Is it legal? Do I need to disclose this commission refund to somebody? What is the best way to do that?
When can I begin doing transactions under SoCal eRealty?
What kind of license do I need to join SoCal eRealty?
Can I use a local source for business cards, business signs and other materials?
Am I free to use any lender, title company or escrow company in my transactions?
What about Board of Realtor membership and MLS Access?
How do I get broker support?
What forms do you use?
Do you provide office space or a conference room?
How can I join SoCal eRealty?

You offer the same things as other brokerages…Why should I join you? Other brokerages (especially nationwide chains) love to charge you fees for their big names. At SoCal eRealty, we charge only $500 per closed transaction to all of our real estate agents, in addition to whatever commission split you choose at signup.  See “What Sets Us Apart From The Competition” for more details.

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How much will it cost to join SoCal eRealty? Nothing at all. We have no startup fees, and joining us is risk-free!  We’re so sure that you will like what we have to offer – we don’t need to lock you in!  Simply fill out the application online and you will become our agent/salesperson in less than 20 minutes.

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Is there a minimum sales volume at SoCal eRealty? No. You choose how many transactions you want to do per year. You will pay only $500 per closed transaction, and have the same great support whether you do one or a hundred transactions per year.  Without monthly fees, our agents save money!

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What about the cost of risk management? Our risk management fee is $125 per closed transaction. This fee includes the costs of E&O insurance, legal advice, settlements, judgments, legal fees, claims and litigation and other risk-management costs.  Your transactions are insured up to $1,000,000 each, and our deductable is a low $2,500!

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How much is the total charge per closed transaction? We charge $500 in brokerage fees per transaction and $125 in risk management fees. The remainder of the commission is yours.  Of course, you will be responsible for paying any charges related to listing coordination (signage, lockboxes, etc.) on your own.  Our Transaction Coordination fee is $365 per closed transaction, however these fees may be charged to your clients through escrow.

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What if I refer a client to another broker and receive a referral fee? SoCal eRealty agents may receive a referral fee from another broker.  We will charge a 10% fee (no more than $500) for processing referral fees.  This item is applicable only when you are receiving a referral payment from another broker.  As an example: You refer your cousin who wants to buy a house in Las Vegas to a broker doing business there.  The Broker agrees to pay a $1500 referral fee to you.  You would pay 10% of that, or $150 to SoCal eRealty.

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How soon do I get paid after an escrow has been closed? You will get paid the same day that escrow is closed/disbursed if the checklist requirements for the transaction file have been met. You will get paid directly from escrow using our in-house transaction coordinator.  Please be aware that escrow may take an extra day to disburse funds after closing.

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Can I negotiate my commissions with clients? Yes.  California law provides that brokers and agents are free to set their own sales commissions.

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As the buyer's agent, I agreed to give part of my commission to the buyer.  Is this legal?  Do I need to disclose this commission refund to somebody?  What is the best way to do that? It is legal to make a refund to the principal (buyer or seller) only.
The refund would need to be distributed through escrow, and you need to mention this fact in the purchase agreement or an addendum.  Escrow will include this refund in their commission distribution instructions and it will be included in the final statement.  This is the only way that refunds to the client can be made.
No additional disclosure to any parties is required in this instance.

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When can I begin doing transactions under SoCal eRealty? Since SoCal eRealty is a licensed corporation with the Department of Real Estate (License #01838607), any agent applying with the brokerage will have to initiate a change of employing broker through “eLicensing” on the DRE website.  Once you initiate this change and we make a confirmation of it (usually the same day), you can begin working with our team.

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What kind of license do I need to join SoCal eRealty?
You simply need a valid California Real Estate Salesperson's (agent's) or Broker’s license.

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Can I use a local source for business cards, business signs and other materials? Yes, you may purchase them wherever you choose.  Please keep in mind that your marketing materials need to have SoCal eRealty's logo. The vendors we have chosen keep a template of our logo on file, and we have negotiated discounts, so you will probably find that you can get them cheaper there.  However, if you prefer to have them made elsewhere, you can simply provide them with our logo, which is available on the website.  We ask that sign templates designed through outside vendors be approved by the broker in advance.

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Am I free to use any lender, title company or escrow company in my transactions? Yes.  You're free to select the services that best suit your clients' needs.  If you need suggestions of reputable service providers in your area, don’t hesitate to ask.

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What about Board of Realtor membership and MLS Access? SoCal eRealty is a member of C.A.R., N.A.R. and many regional boards.  We do not require you to be a member of a specific Board in order to be our agent.  Our agents individually obtain and access their own MLS.  Please inquire with your local Board of Realtors about MLS access and/or membership costs, dues and requirements.

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How do I get broker support? Broker assistance is provided through our website, via e-mail at This e-mail address is being protected from spambots. You need JavaScript enabled to view it , by phone at (800) 377-9931 or by fax at (858) 346-9011.

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What forms do you use? The contract forms you will use should be standard C.A.R.-approved forms.  All California Association of Realtors members receive these forms at no additional cost as a benefit of membership.  You may also obtain them directly from our website for your convenience.

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Do you provide office space or a conference room? Yes!  Although we do not provide official “office space” for our agents, we do provide conference/work rooms to all agents in the San Diego area.  Simply call your receptionist to reserve one of six elegant rooms, and let them know what size of room you will need.  This benefit is coming soon for agents in other counties.  Many of our agents choose to work from a home office.  Not providing office space allows us to provide other valuable benefits and higher commissions to you!

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How can I join SoCal eRealty? Simply follow our easy application steps.

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More Info

Contact

SoCal eRealty
1901 First Avenue Suite 217L
San Diego, CA 92101
Office: 800.377.9931
Fax: 619.546.9222

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