Frequently Asked Questions
Short answer, No. Long answer, No there is not.
Yes. The transaction fee is simply $450 for the first 12 sales and then $99 per sale after that. Residential leases are $85. Commercial transactions are a 90/10 split.
Yes. You will have complete access to your broker, seven days a week. We play an active role in our agents success and encourage our agents to contact us with questions, big or small. Not only do you have access to the broker any time you need, we also have a agent services department in place to ensure we always have someone to answer your questions so you do not have to wait for an answer.
Yes. We offer over 600 online real estate training videos for new and experienced agents. We also offer local and webinar-based training several times per month. For agents looking for more personalized training, we offer one-on-one coaching and mentorship programs.
Yes. We will never tell our agents what commission to charge. We encourage our agents to set their own commission rates with their clients. Today’s real estate environment can be very competitive and our agents need the ability to be flexible.
Yes. We offer the flexibility to establish your own team within Fathom Realty. You may set your own commission splits with your team members. Fathom’s model is the best model for building a team because you keep more of your commission and that of your team members. Best of all, your team members only pay $450 for their first two transactions and then only $99 per transaction after that. That means more income for your team members even though your split never changed.
Yes! We offer a specialized mentorship program for new agents where we teach you the ropes to being a successful real estate agent. We cover the basics, to include writing contracts, all the way up to more advanced training on how to convert your leads into closings.
Sale- A commission disbursement authorization (CDA) form will be sent to the title company or closing attorney detailing how commissions are to be disbursed. In title states (e.g., TX and CA), you will receive a check after funding directly from the title company. In attorney states (e.g., NC), the full commission check will be sent to the broker and your check will be cut to you from the broker. There are some closing attorneys who will allow table funding and pay our agents at closing but those are on a case by case basis.
Lease- Due to the nature of leases, the full lease commission will be paid to Fathom Realty after which your commission check will be cut to you.
Lease- Due to the nature of leases, the full lease commission will be paid to Fathom Realty after which your commission check will be cut to you.
We do have an annual fee or $500 due on the first transaction after your anniversary of each year which is clearly stated on all pages that talk about our plans. There is also a one-time activation fee of $99 when you first join. There are no hidden or franchise fees. The E&O is covered in the annual fee and more importantly, our agents are NOT responsible for paying the E&O deductible (unless they committed fraud which is NOT cool).
That question is hard to answer since so many brokerages offer different splits. If you join Fathom Realty and you close on a $250,000 home and the commission is $7,500 then your take home on that closing will be $7,050 on our (total commission minus the $450 transaction fee) or if you have already closed 12 sales and have CAP’d, then you will receive the full commission minus the $99 transaction fee.
For example purposes only, if your current brokerage split is 70/30 then you will have earned an extra $1,800 commission per closing with Fathom Realty for a total of $7,050. If you close 12 similar deals in a year, then you will have saved an extra $21,600 in commissions by avoiding the 30% brokerage split.
Let’s look at it another way. With your current brokerage, you would have earned $68,400 after paying $21,600 in broker splits. With Fathom Realty, you will have earned $84,100 after paying only $5,900 in transaction fees plus the annual fee.
Do you need any other reason to join Fathom today?
Yes and no. We do provide a lead program for select agents in a couple of markets and we are currently in a trial program. We are hoping to roll this out in more markets with time.
Yes. Any lead or client you enter into the lead system belongs to you and that information will never be shared with any other agent. Even if you choose to leave Fathom, you will be able to take your database with you.
You can find business cards, postcards, flyers, listing and buyer presentations, folders and more in our online Agent Resource Center. If there is any kind of marketing material missing that you would like to see, we will be happy to have it custom created for you. It’s our goal to support your marketing efforts with the best material and resources available.
We provide our agents with the ability to download our sign templates from our online knowledge base to provide to any sign company of your choice. There are also several local and online sign companies who keep our sign designs on file.
No. This is how we keep our overhead costs low and provide our 100% commission plan. We do maintain offices in markets that require ‘bricks and mortar’. Some of our agents use a portion of the money they save on our commission plans to lease their own office spaces but the vast majority of our agents work from home.
How many clients actually want to drive out to a real estate office to meet? It’s usually out of their way and costs them time and gas money. In today’s fast-paced environment, it’s nice to be able to meet clients near their area of search. Many of our agents meet their clients at a local coffee shop with free WIFI Internet access (e.g., Starbucks and Einstein Bagels). If a quiet, professional office is needed, almost all title companies and mortgage companies will let you use a spare office or conference room to meet your client.
No but we do host training and social events to build community. If we need to share anything with you then we will email you the information, post it on our Mastermind’s group pages, and hold online webinars. With that said, we’d love for you to join us live because you can’t build culture in a vacuum.
You can work full time or part time. We do not have sales quotas outside of our agents closing a minimum of 1 transaction per year to remain with Fathom.
The short answer is, Yes.
It typically takes two business days for everything to be submitted and get you onboard with Fathom.
Please contact us and we will provide you with the paperwork you will need to get started and walk you through the process. We make it very easy.
