F.A.Q.s

( Frequently Asked Questions )

Here are  answers to typical questions asked by agents before joining Independence Realty. If you have other questions or concerns, feel free to call toll-free at (877)825-6064 or email: info@independencerealty.net

Q: What's the Commission Split? A:  Agents keep all their commissions, Independence Realty's nominal fee is only 5% or $595 per transaction, whichever is more. There are no other fees.

Q: What does  risk management (E&O) cost? A :  $125 per transaction ($250 minimum payment is required each calendar year),  OR $700 Annual Flat Fee,  providing unlimited transaction coverage for a 12-month period. The choice is yours.

Q: Are there any other fees? A: No. We do not charge office, desk, minimum dues or monthly fees.

Q: How fast do I get paid upon closing an escrow? A: You'll get paid on the same day escrow is closed.

Q: What are your advertising requirements?  A: All Independence Realty affiliates must use Independence Realty's trademark name and logo on all promotional / marketing materials.   This includes signs, flyers, brochures, websites, business cards, etc.

Q. Can I negotiate the fee (s) I charge my clients?  A. Yes. Your sales commissions or fees you charge for services you render are entirely negotiable between you and your clients.  

Q: Can I broker loans? What is your commission split for loans?  A: Yes, you can broker loans through Independence Mortgage Company. We are approved with several wholesale lenders offering a variety of loan programs. Our commission split for loans is 10-90% or a minimum of $595 per transaction, whichever is greater.

Q: Can I take a loan application and refer my applicants to one of our in-house loan agent?
A: Yes. See our  agents list for agents' contact info. When you take a loan application from a client and refer it to one of our loan agents, you'll  receive a commission rebate.

Q: Does it matter where my home base is in California?  A: There are no geographical limitations,  your servicing area can be anywhere in the State of California.

Q: What about Board of Realtors membership and MLS Access?  A: Independence Realty is a member of the C.A.R. , N.A.R and several regional MLS boards. Our affiliates access the MLS individually. Please inquire with your local Board of Realtors about  MLS access  and / or membership  costs, dues  and requirements. Affiliates are responsible for their individual MLS access fees.

Q: How Can I get Broker Support?  A: Broker assistance and support is available 24X7 via email at info@independencerealty.net , toll-free number (877)825-6064 or via Fax (619)270-2325. Independence Realty also publishes an informative E-Newsletter on a monthly basis.

Q: Which Lenders, Escrow or Title Cos. am I required to use?  A: You are free to select the services that are best suited for your clients' needs. As a policy, we do not sponsor or recommend any specific vendors or service providers, which prevents possible conflict-of-interest issues.

Q: What forms do Independence Realty Agents use ?  A: As REALTORS, we use  N.A.R. / C.A.R. - approved forms only. You may obtain forms at your local Board of Realtors’ office or simply download them from www.winforms.com. 

Q: Can I do property management through Independence Realty?  A: No. Property management is not allowed under Independence Realty's license.

Q: Do You Use Company-Specific Forms?  A:  To see our Company-Specific Forms, click on our "FORMS" link.  This area is reserved for Independence Realty affiliates only.

Q: Do you provide desk or office space ?  A: No. Our agents work from their home office.  
 
A: Is Independence Realty for me? A: Our virtual model is most suitable and rewarding for experienced agents.

Q: How can I join Independence Realty?  A: Click on the "Join Our Realtor Team" link located on our homepage or call us at (877)825-6064,  or  email us at: info@independencerealty.net  

Q: How do I make my broker affiliation change?  A: Go to www.dre.ca.gov click on "E-Licensing" link, follow the instructions. Enter Broker#01449180 when prompted. 

         Join Independence Realty now, and start saving and earning more!

                                 MISCELLANEOUS GLOSSARY OF TERMS

By clicking on any of the questions below, you may view the answer.

Buyers

Sellers