When Alex Yeager first moved to St. George Utah from Monterey California, where he had been selling real estate since 1999, he was forced to make some tough decisions almost instantly. Should he hang his real estate license with one of the well-established national firms, or choose a local boutique brokerage?
With a plethora of Big Box firms in the local St. George area, many clients were curious why he chose to hang his real estate license with a smaller firm, like Fidelity Real Estate?
For him, the answer was simple. The money he saved by not participating in a costly commission split, generally required by the national brokerages, could instead be donated to a worthy charity; ultimately, helping many of today's 501(c)(3) charitable organizations including organizations like the Wounded Warrior Project, American Cancer Society, and Best Friends Animal Society as well as a host of other deserving nonprofits.
Alex explained, that clients, be they Buyers or Sellers, generally don't understand that Big Box real estate brokerages charge their agents a hefty commission split - usually dependent on the Realtors total commissions generated over the last 12 months - noting that, "In many cases an agent might be expected to pay their broker anywhere from 30% to 50% of their hard earned commission – in essence…for doing nothing."