Best of Luxury Realty VS. Other Brokerages. How do we compare & Why Agents Choose Best of Luxury Realty.

We established our firm to fill the void of simplicity missing in the traditional agent-brokerage relationship; in essence this affiliation is a partnership, which above all else, can and should be mutually beneficial.  We are a technologically driven, ethical, customer oriented company and are always open to the opportunity to align ourselves with like-minded agents who embrace these same core values.

We realize that each brokerage has its own unique culture, as well as pros and cons based on factors beyond just the commission split, creating a challenge to ensure that any particular company is the right fit.  No one can be all things to all people, therefore our intention is not to over-promote or over-promise, but to offer a fair comparison between Best of Luxury Realty and our local competitors.  Regardless of your ultimate conclusion, we hope that the below information assists you in making a truly informed decision.

 

  • HOW DO WE COMPARE?

  • General Terms

    General Terms

  • Brokerage Commissions & SplitsBrokerage Commissions & Splits
  • Group Leads and SplitsGroup Leads and Splits
  • Monthly Office FeesMonthly Office Fees
  • Office CAPOnce an agent reaches a set amount of production (CAP), they are no longer required to pay the office a split. (Meaning the agent is at a 100% commission split until their fiscal year starts again.)Office CAP
  • Groups and Teams are Welcome!Groups and Teams are Welcome!
  • Transaction FeeTransaction Fee
  • Value Proposition

    Value Proposition

  • Multiple Locations to Meet with ClientsOur head office centrally located in Aventura, FL between Miami-Dade & Broward counties. Best of Luxury Realty has arranged for our agents to accommodate their clients to meet at multiple or most convenient locations throughout both counties.Multiple Locations to Meet with Clients
  • Locally Owned and OperatedLocally Owned and Operated
  • Average Agent Anual IncomeAverage Agent Anual Income
  • State of the Art OfficeOne of the most "Tech-Savvy" Brokerages in Miami-Dade & Broward CountiesState of the Art Office
  • Hi-Tech Equipment, 23-Inch All-in-One Touchscreen DesktopsRunning on "Windows 8"Hi-Tech Equipment, 23-Inch All-in-One Touchscreen Desktops
  • Dedicated Desk SpaceDedicated Desk Space
  • The Latest Productivity Software Tools (MS Office 2013)The Latest Productivity Software Tools (MS Office 2013)
  • Google Business Account (for managing, e-mails, calendar, docs, cloud storage, etc.) Google Business Account (for managing, e-mails, calendar, docs, cloud storage, etc.)
  • Mentoring and AssistanceMentoring and Assistance
  • Local & International ExposureLocal & International Exposure
  • Buyers & Sellers Leads ProgramLeads are available to ONLY qualified agents! Please contact us for more details. Buyers & Sellers Leads Program
  • Private Office for TeamsPrivate Office for Teams
  • Average Lead AmountAverage Lead Amount
  • Do's

    Do's

  • Free PrintingFree Printing
  • Announce Your Move to Past ClientsAnnounce Your Move to Past Clients
  • Training & EducationTraining & Education
  • E-Sign & Paperless TransactionsE-Sign & Paperless Transactions
  • Coaching You on All Our SystemsCoaching You on All Our Systems
  • Customer Relationship Management (CRM)Customer Relationship Management (CRM)
  • Get Paid Right Away at Closingwith Escrow Disbursement Authorization from Broker Get Paid Right Away at Closing
  • Virtual OfficeAll you need is an Internet connection to access your account: Anytime, Anyplace, AnywhereVirtual Office
  • Don't's

    Don't's

  • Hold Agent's ListingsHold Agent's Listings
  • Charge Agent Set UpCharge Agent Set Up
  • Charge Franchise FeeCharge Franchise Fee
  • Charge Hidden FeesCharge Hidden Fees
  • Charge Office FeesCharge Office Fees
  • Charge Desk FeeCharge Desk Fee
  • Over-Promise & Under-DeliverOver-Promise & Under-Deliver
  • Charge E&O InsuranceCharge E&O Insurance
  • Mandatory MeetingsMandatory Meetings
  • Floor Duty / Require Agents Participate in Floor TimeFloor Duty / Require Agents Participate in Floor Time
  • Cold CallingCold Calling
  • Promote or Require Agents to Work with Any Particular Vendor or Service Provider, etc. Promote or Require Agents to Work with Any Particular Vendor or Service Provider, etc.
  • Best of Luxury Realty

  • OurFirm

    Boutique

  • General Terms

  • Brokerage Commissions & SplitsCompetitive Commission Splits - 80% to 90%* to Agent / 10% to the Brokerage. If Your GCI Under 50K/Annually 80% to Agent/20% to Brokerage. If GCI (50K-100K+) 90% to Agent/10% to the BrokerageKeep 80% to 90% of Your Commissions, 100% when 15K CAP is reached
  • Group Leads and SplitsBrokerage commissions remain the same.Group 50% / Agent 50%* / Brokerage 10%
  • Monthly Office FeesNo
  • Office CAPBrokerage CAP is set at $15,000/Year. Once you reach 150K agent commission and pay to an office 10%/10K . The remaining deals you get paid at 100% commission.Yes*
  • Groups and Teams are Welcome!Special lower CAP terms available for group members, such as; buyer agents, showing assistants. Call the office for more details. Yes*
  • Transaction Fee$349 Paid by Client for Purchase/Sell Contract; $0 for LeaseYes*
  • Value Proposition

  • Multiple Locations to Meet with ClientsAventura, Coral Gables, Brickell, more coming soon. Please contact the office for more details.Yes*
  • Locally Owned and OperatedYes
  • Average Agent Anual IncomeFor experienced, full-time agents who close at least 2 deals per month with our group (Agents are in the group leads program).$35,000-$100,000+*
  • State of the Art OfficeCentrally and conveniently located "A" type building in the heart of Aventura. Office amenities include; 24 hour access to the office, with a dedicated conference room to meet the clients, covered parking and fitness gym on siteYes*
  • Hi-Tech Equipment, 23-Inch All-in-One Touchscreen DesktopsFirst Come, First Served BasisYes*
  • Dedicated Desk SpaceIf dedicated desk space is required with "RESERVED SIGN+AGENT NAME" we can accommodate this. The cost is $200/mo.Yes*
  • The Latest Productivity Software Tools (MS Office 2013)Yes
  • Google Business Account (for managing, e-mails, calendar, docs, cloud storage, etc.) Yes
  • Mentoring and AssistanceLimited mentoring provided to select candidates. Yes
  • Local & International ExposureSince 2005 our network of websites has attracted over 1 million of visitors per year.Online & Offline*
  • Buyers & Sellers Leads ProgramAvailable through Tracey Schmitt, PA Group for qualified agentsYes*
  • Private Office for TeamsOur office is using an open work space model, everything is designed around to accommodate and for the convenience of the clients while providing agents with necessary tools and equipment on as needed bases in order to facilitate more transactions. Computer desks are on first come, first serve bases. However, the building does offer space for private offices.Yes*
  • Average Lead Amount$150,000-$350,000+
  • Do's

  • Free PrintingUnlimited B&W PrintingYes*
  • Announce Your Move to Past ClientsYes
  • Training & EducationLimited training provided to select candidates. Yes*
  • E-Sign & Paperless TransactionsDotLoop: Paperless Transaction Management with DigiSign for client convenienceYes*
  • Coaching You on All Our SystemsYes
  • Customer Relationship Management (CRM)Specially Designed for real estate; save time and increase your production by 67%Yes*
  • Get Paid Right Away at Closingwith Escrow Disbursement Authorization from Broker Yes*
  • Virtual OfficeGoogle Business AccountYes*
  • Don't's

  • Hold Agent's ListingsYour listings are your listings. We do not hold personal listings hostage or create a hassle to release; if you leave your active personal listings go with you, no questions asked.No*
  • Charge Agent Set UpNo
  • Charge Franchise FeeNo
  • Charge Hidden FeesNone!
  • Charge Office FeesNo
  • Charge Desk FeeFirst come, First serve basis use, unless the desk is reserved by another agent.No*
  • Over-Promise & Under-DeliverNo
  • Charge E&O InsuranceNo
  • Mandatory MeetingsNo
  • Floor Duty / Require Agents Participate in Floor TimeNo
  • Cold CallingNo
  • Promote or Require Agents to Work with Any Particular Vendor or Service Provider, etc. Over the years, we did accumulate a database of service providers/strategic partners with good reputation that were proven to provide quality service to our clients. We are gladly to share those contacts with our agents if such need will arise. No*
  • VS.

  • VS.

  • General Terms

  • Brokerage Commissions & Splits*
  • Group Leads and Splits*
  • Monthly Office Fees
  • Office CAP*
  • Groups and Teams are Welcome!*
  • Transaction Fee*
  • Value Proposition

  • Multiple Locations to Meet with Clients*
  • Locally Owned and Operated*
  • Average Agent Anual Income*
  • State of the Art Office*
  • Hi-Tech Equipment, 23-Inch All-in-One Touchscreen Desktops*
  • Dedicated Desk Space*
  • The Latest Productivity Software Tools (MS Office 2013)
  • Google Business Account (for managing, e-mails, calendar, docs, cloud storage, etc.) *
  • Mentoring and Assistance*
  • Local & International Exposure*
  • Buyers & Sellers Leads Program*
  • Private Office for Teams*
  • Average Lead Amount*
  • Do's

  • Free Printing*
  • Announce Your Move to Past Clients*
  • Training & Education*
  • E-Sign & Paperless Transactions*
  • Coaching You on All Our Systems*
  • Customer Relationship Management (CRM)*
  • Get Paid Right Away at Closing*
  • Virtual Office*
  • Don't's

    *
  • Hold Agent's Listings
  • Charge Agent Set Up*
  • Charge Franchise Fee*
  • Charge Hidden Fees*
  • Charge Office Fees*
  • Charge Desk Fee*
  • Over-Promise & Under-Deliver*
  • Charge E&O Insurance*
  • Mandatory Meetings*
  • Floor Duty / Require Agents Participate in Floor Time*
  • Cold Calling*
  • Promote or Require Agents to Work with Any Particular Vendor or Service Provider, etc. *
  • Other Brokerages

  • Others

    Franchise, Independent, etc.

  • General Terms

  • Brokerage Commissions & SplitsDepending on Agent's Experience and Annual Sales VolumeCan Range From 50%-100%
  • Group Leads and SplitsGroup 75% / Agent 25%
  • Monthly Office FeesMost
  • Office CAPVery Few Offer
  • Groups and Teams are Welcome!Very Few Offer
  • Transaction FeeSome Brokerages are even as high as $795Almost All Require
  • Value Proposition

  • Multiple Locations to Meet with ClientsVery Few Offer
  • Locally Owned and OperatedMost
  • Average Agent Anual Income$15,000+
  • State of the Art OfficeVery Few Compare
  • Hi-Tech Equipment, 23-Inch All-in-One Touchscreen DesktopsVery Few Offer
  • Dedicated Desk SpaceVery Few Offer
  • The Latest Productivity Software Tools (MS Office 2013)Very Few Offer
  • Google Business Account (for managing, e-mails, calendar, docs, cloud storage, etc.) Very Few Offer
  • Mentoring and AssistanceSome
  • Local & International ExposureMany Brokerages CLAIM to have exposure, however many franchises rely on the main company for general searching. However, each office is indipendently owned and operated. Try and find them as if you were an agent searching for real estate. Where do they come up? Many offices rely on their AGENTS to advertise for them and then charge them additional advertising fees. Some
  • Buyers & Sellers Leads Program99% Don't offer; the ones that do are for cold leads, short term rentals, and buyers that are unqualified to purchaseSome
  • Private Office for TeamsSome
  • Average Lead AmountBelow $100,000 (If Provided At All)
  • Do's

  • Free PrintingVery Few Offer
  • Announce Your Move to Past ClientsVery Few Offer
  • Training & EducationSome
  • E-Sign & Paperless TransactionsSome
  • Coaching You on All Our SystemsMost
  • Customer Relationship Management (CRM)Some
  • Get Paid Right Away at ClosingSome
  • Virtual OfficeVery Few
  • Don't's

  • Hold Agent's ListingsBeware, some brokerages hold personal listings hostageSome
  • Charge Agent Set UpSome
  • Charge Franchise FeeUsually 6% Add-On to a Regular Commission
  • Charge Hidden FeesSome
  • Charge Office FeesSome
  • Charge Desk FeeMost
  • Over-Promise & Under-DeliverMost
  • Charge E&O InsuranceMost
  • Mandatory MeetingsSome
  • Floor Duty / Require Agents Participate in Floor TimeSome
  • Cold CallingMost
  • Promote or Require Agents to Work with Any Particular Vendor or Service Provider, etc. Some