On my Linked-in feed, yesterday, I saw a post from a colleague who works for Exit Realty. In fact he's a managing broker of an Exit Realty office. He was posting how proud he was that another of his agents had reached the 100% mark.
So, for the uninitiated, that means that the agent had closed enough volume that her closings for the balance of the year would all be at 100% (the agency wouldn't take any cut at all... except of course for their E&O, and a modest desk fee).
He was very excited about the fact that this agent would now receive 100% of the commission for the balance of the year! He was posting it, presumably, as a recruiting feature. Ie: You, too, could be earning 100% if you jumped on board the Exit train.
Let's review for a moment, shall we? Yesterday, December 30th, the agent reached the 100% milestone. So for the balance of the year (that would be all of December 31st!!), any closings that occur would garner her 100% for that one..... entire..... day.
Hmm.... somehow I ain't exactly incentivized...