When Steve Morris founded EXIT Realty Corp. International in 1996, he imagined a company where everyone in the corporation could get a piece of the action thereby creating a future for real estate agents that never existed in the industry before. Sixteen years, hundreds of offices and thousands of agents later, the company today announced that it has paid out to-date, more than a quarter billion dollars in single-level residuals to its associates across the continent.
“And this is just the beginning,” said Tami Bonnell, CEO. “As EXIT Realty continues to grow through a spirit of mentorship, this number will increase exponentially as more and more agents and their families reap the benefits of being associated with an organization that is truly revolutionizing the industry.”
EXIT Realty’s unique business model known as the EXIT Formula, provides a third income stream in addition to the traditional streams of taking listings and making deals. Through a process known as “sponsoring” EXIT associates earn a 10% single-level residual paid by EXIT Realty Corp. International based on the gross commission of those real estate agents they introduce to the company and are hired. When the associate retires or decides to take time off for maternity leave, an extended vacation, etc., the 10% sponsoring bonus converts to a 7% retirement residual. And if something should happen, the agent’s family is looked after too when the residual converts to a 5% beneficiary benefit.
“Residuals are the icing on the cake for our associates,” said Morris, “but the cake is substantial all by itself. Our training, technology, leadership, company culture and support are just a few of the reasons real estate entrepreneurs are attracted to our organization and why they stay, building meaningful, rewarding and lucrative careers. We value each and every one of them - it’s a love affair.”
Author:Dorothy Lee Phone: 615-973-6363 Dated: April 1st 2013 Views: 457 About Dorothy: Dorothy Lee’s 18+ years extensive knowledge and experience in Real Estate provides her a unique v...
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Dorothy Lee’s 18+ years extensive knowledge and experience in Real Estate provides her a unique view of the real estate market and market trends that she is able to share with her clients to help them make the best decisions for their needs and desires. Based in Nashville Dorothy is the expert to help you with all your home buying and selling needs in Mount Juliet, Madison, Goodlettsville,Old Hickory, Hermitage, Belle Meade, Green Hill’s, Franklin, Brentwood and the surrounding areas. Specializing in first time home buyers, luxury homes, and new construction her multi-faceted expertise is of great benefit to her clients. Dorothy truly understands the dynamics of the Tennessee real estate market and is an expert at educating her clients so they can make the best decisions for their needs.
Dorothy uses the latest internet technologies to market and find homes at an expert level. Dorothy understands that the purchase of a home is often the largest purchase a person will make in their lifetime. She believes REALTORS have an obligation to be well education to provide the level of service and protection her client’s deserve. Dorothy is constantly furthering her knowledge and has earned the designations of ABR and GRI. While Dorothy’s personal awards are too extensive to list individually, she has been amongst the top producers every year for many years running.
Dorothy is a member in good standing of the Local Association of REALTORS (EMTAR), State Association of REALTORS (TAR) and the National Association of REALTORS (NAR) in addition to the Middle Tennessee Multiple Listing Service (MLS). Dorothy feels that being a REALTOR is about more than joining professional associations, she believes REALTORS should be involved in the communities where they work as well. Dorothy has served her community in many capacities form 1991 to present. She and EXIT Realty also support Habitat for Humanity and to date they have donated over $2 Million to the charity and built more than 15 Habitat Homes. Dorothy understands the stressed and hassles involved in the buying, selling and relocation process and she strives to alleviate these concerns for her clients as much as possible.