1)Where is Xcellence Realty located?
Our corporate office is located in Miami, FL the address is: 10481 N. Kendall Dr suite D202, now if you do not live near our office there is nothing to worry about as a matter of fact the majority of our agents do not live near us, you see when you join Xcellence Realty we will set you up with your very own virtual office where you will be able to manage all aspects of your business everything from writing up offers to even the ability to edit our corporate marketing material. In addition our agents get paid at the closing table, so no need to send us a check or wait a couple days for your commission, title Company or attorney conducting the closing will pay you your portion of the commission directly that very same day. (Which by the way it is 100%!!) With that said our agents find that they do not need to live near our offices since everything is online and you get paid at closing.
2)Does Xcellence Realty really pay monthly residual income
Yes, Xcellence Realty offers real estate agents what no other real estate brokerage offers, and that is the ability to earn Monthly Residual Income for Life! The best part about all of this is that you do NOT have to sell or close any transactions. Our “Guaranteed Monthly Income” program is offered with the Diamond & Platinum Membership and it is very lucrative and simple: As a Diamond member we pay you 50% of your recruit’s membership dues every single month & As a Platinum member we pay you 25% of your recruit’s membership dues every month as well. This is a once-in-a-lifetime opportunity … never before in the real estate industry history has a business model allowed an agent to make this kind of guaranteed monthly residual income.
3)Does Xcellence Realty carry an errors & omissions policy? also referred to as E&O
We definitely do, the cost for errors & omissions is $50 per sales transaction closed & $25 for rental transactions, you can get a copy of the policy anytime right from the virtual office that we will set up for you once you join us.
4)Does Xcellence Realty provide me with a website?
Yes, at Xcellence Realty we provide our agents with the ability to create many websites with a few clicks of the mouse via our proprietary virtual office platform Paperlessdesk.com. The websites/Blogs are powered by the world famous Content Management System (CMS) WordPress. When it comes to blogging and dominating search results, WordPress is the platform to use Only Xcellence Realty provides YOU with this type of cutting edge technology and the systems you need to run your business efficiently.
5)When I close a transaction how do I collect my commission check?
Our agents get paid at the closing table in other words the title Company or Attorney conducting the closing pays you your portion of the commission directly the same day of the closing, to get paid at closing all you have to do is go to the Escrow agent disbursement agreement link located in the request section within the transaction manager of Xcellence Online, once there simply fill out the simple web form and click submit the office will immediately get notified that you are requesting to get paid at closing. We will then verify that the file is in compliance and digitally sign the document and submit it back to you, you will then see the signed disbursement in your transaction documents for the property you are requesting the disbursement for. It’s that simple… No need to print, fax, or sign anything our goal at Xcellence Realty is to make everything you do as efficient as possible while also contributing to GOING GREEN through our paperless systems!
6) which Realtor Associations is Xcellence Realty members of?
1) Miami Association of Realtors (MAR)
2) Fl Keys Realtor Association
3) Greater Ft. Lauderdale Realtor Association(RAGFL)
4) South Broward Board of Realtors (SBBOR)
5) Orlando Regional Realtor Association (ORRA)
6) Greater Tampa Realtor Association (GTAR)
7) Lakeland Association of Realtors (LAR)
North East Florida Realtor Association (NEFAR)
9) Pensacola Association of Realtors (PAR)
10) Naples Association Board of Realtors (NABOR)
11) Association of Greater Ft Myers and The Beach (RAFM)
12) Ocala Marion County Association of Realtors
13) Punta Gorda Port Charlotte North Port Association of Realtors
7)What is the Virtual office that you offer me?
We provide all of our agents with a PaperlesDesk.com account which is our proprietary virtual office system where you will be able to manage all aspects of your business in one place, and when we say ALL we really mean it we have been very hard at work to make sure PaperlessDesk.com becomes the avenue to your Real Estate business success. PaperlessDesk.com will help streamline your business like never before, not only will PaperlessDesk.com help you be more efficient but it will also put at your finger tips the latest cutting edge marketing resources needed in today’s Real Estate environment to help attract those internet leads every agent wants but does not know how to capture. Well if you think you can take advantage of these POWERFUL tools and systems you have come to the right place because only Xcellence Realty provides this type of technology Absolutely FREE to it’s agents while offering the most lucrative 100% plans and Monthly residual income plans in the business!
8)Are there any meetings to attend or quotas to meet?
At Xcellence Realty you will not be required to attend meetings all communications between us and our agents are done via technology email, webinars, instant messaging etc. Partimers are always welcome there are never quotas to meet, remember you are pretty much running your own business under our company umbrella but without the cost of overhead!!
9)Does Xcellence Realty charge my customer a processing fee?
Before we answer this question we want to make a clarification, the only reason why in this question we used the word processing fee is because this is what the majority of agents call what is really a commission. At Xcellence Realty when representing a buyer in a transaction we do charge buyers in each and everyone our our plans a $250 buyers representative finder’s fee commission, and when representing a seller we also charge a $250 Flat Fee Commission in addition to the percentage commission that you the agent will charge the seller for listing their home. We do NOT charge this commission on rental transactions. Please remember Commissions are negotiable and can either be expressed as a percentage, a flat fee, or a combination of both. Now we want to make clear that this flat fee commision is very typical for the majority of Real Estate Brokerages to charge even the most recognized brand names charge them it’s just that some companies call them processing fees, others call them transaction fees, and so on. We call them what they are commissions. Also please be aware that all of our contracts have the exact wording required in the additional terms so you do not have to worry about coming up with this content every time you write up a contract.
10)What is your commission structure on rental transactions?
On rental transactions we have a Commission Split of 90/10. Now for Diamond and Platinum plan members the 10% is capped at $100 meaning that the MOST your commission will be reduced by as a Diamond or Platinum plan member is $100, so lets take for instance you earn a $2,500 rental commission 10% would equal $250 right, well as a Diamond or Platinum member you will only pay $100 that’s because the most you can pay as a Diamind or Platinum plan member is $100. Now if it’s a smaller deal and you earn an $500 rental commission your commission will be reduced by $50 so net to you will be $450. We beleive are rental program is the MOST lucrative of them all with our commission caps agents NET so much more!
11) Once I select a plan can I change to another later?
Yes, you can switch plans every six months.
12)Does Xcellence Realty have an escrow account?
Yes we do!! Only for rental transactions since on sales transactions the title Company or attorney conducting the closing will be more than happy to hold the escrow deposits. Now I think we are not exaggerating when we say that we are just about the ONLY 100% company out there that has an escrow account if you have interviewed other companies you know this is true. At Xcellence Realty we recognize the importance of having this service available for ALL of our rental agents who would find themselves without a form to properly deposit good faith monies on behalf of their prospective tenants if we did not make this service available.
13) Where do I buy signs & business cards?
Business cards can be purchased through us we have several different designs for you to choose from & we will even ship them directly to your home for FREE!! For signs you we use a third party vendor their prices are great and so are their signs. For example you can buy six of the large 18X24 inch aluminum signs with your name and phone number directly on the sign for about $150. When you sign up you will receive a list of our preferred vendors for you to contact, vendor list includes: sign installation companies, sign companies, advertising specialty companies, and so much more…
