| Aspect | Bay Realty Michigan (Online Brokerage) | Century 21 (Traditional Brokerage) |
|---|---|---|
| Brokerage Model | 100% Online Brokerage – No physical office requirements | Traditional Brick-and-Mortar – Agents typically work from physical offices |
| Commission Structure | Flat Fee per Transaction: - Experienced Agents: $500 per transaction (first 20 sales), then $200 per transaction - New Agents: $600 per transaction (first 20 sales), then transition to experienced agent plan | Varies by Franchise: - Starting Agents: Often a 50/50 split - Experienced Agents: Potential for 70/30 or higher splits - Some franchises offer a 90/10 split until reaching $200,000 in gross commission income (GCI), then 100% commission |
| Franchise Fees | None – No franchise costs deducted from commissions | Typically 6% to 8% per transaction, depending on the franchise |
| Monthly Fees | None – No desk fees, technology fees, or office fees | Varies by franchise; can range from $0 to $350 per month |
| Client Transaction Fees | None – Clients are not charged transaction fees | Varies by office; some may charge a transaction management fee (e.g., $350) |
| Additional Support | - Free Errors & Omissions (E&O) insurance - CRM tools - Website access - Online transaction checklists - Flexible work-from-home setup | - Training programs - Marketing resources - Brand recognition - Mentorship opportunities |
| Work Environment | - Fully remote, online brokerage - No required office hours or desk fees - Agents can work from any location with internet access | - Traditional office setting - Office presence may be required, depending on the franchise - Access to in-person support and resources |
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