As a technology based brokerage we are stepping up to compete with Redfin’s advertised 1% listing fee model with a unique and sustainable pricing model of our own.
“The vanishing real estate office” – Pepi Khara, CEO
- Our listing fee is $2,995 and includes posting our listings in the MLS and all syndicated third party websites like Trulia, Zillow, Realtor (.com).
- Additionally, you may opt to collect a seller transaction fee of $395 to offset your expenses related to the post sign, brochures, photography etc.
- Our seller clients pay 2.5% of sales price to the agent bringing them a buyer.
Given today’s rapidly evolving technology, websites and apps, there is a better than average chance that the listing agent will also be the selling agent thus earning $1495 plus 2.5% of sales price, in the process saving the seller client thousands of dollars. On a typical $500,000 house this amounts to $1495 + $395 + $12,500 = $14,390. If someone else produces a buyer, you will earn a minimum of $1495 + $395. If the potential buyer calls you directly (open house, sign call, online lead), you will earn the full $14,390. Seller also pays for all additionally selected marketing and for your professional services and time.
You need not make the awkward call to your current broker to tell him/her that you have decided to move on to another brokerage. Today, everything is automated online. Once you’ve completed the steps below, your broker will receive an email from DLLR that you have transferred your license over to us. It’s that simple.
1. Select a fee plan and email us at firstname.lastname@example.org
- Our most popular fee plan is where the agent pays a $50 monthly affiliation fee and keeps 100% commission.
- $50 agent paid transaction fee on all sales, rentals, referrals.
- $395 client paid transaction fee (on sales only).
- Alternatively, you may choose our 70/30 split plan, with all else the same.
- E&O insurance is $495 a year paid on the 1st of each April.
After you’ve contacted us, we conduct a brief telephone interview with you. Following that, you’re merely a few steps away from making the official switch over to our firm.
2. Sign agreement
Once we establish that we will be a good fit for one another, we will email you our company agreement to complete and sign digitally on your smart phone or tablet via Docusign.
3. Transfer licenses
You will follow the links below to automatically transfer your license over to us.
Maryland license transfer:
Click here to access the Maryland transfer page link
Company Name: ISELLHOUSES.COM
Broker Registration Number: 304102
Branch Office: Leave this blank. Since business is now done mostly online, we do not have any branch offices.
Broker Full Name: Pritinder Singh Khara
Broker Code: ISEL1 (first alphabet in code is a capital “I” as in India, followed by “SEL” and the number “1”.
Admin. Office Address: 6701 Democracy Blvd # 300, Bethesda MD 20817
NOTE: If you have questions about license transfer or need help, please call DLLR directly. DLLR Tel: 1-888-218-5925 or 410-230-6230
Virginia license transfer:
Click here to download the Virginia agent transfer form. After filling it out and signing it, please send us the original form via mail for the broker signature.
Company Name: ISELLHOUSES.COM
Our Virginia Broker License Number: 0225-045645
Our Virginia Corporate License Number: 0226-008385
NOTE: If you have questions about license transfer or need help, please call Virginia DPOR directly at 1-804-367-8500
District of Columbia license transfer:
Click here to download the District of Columbia agent transfer form. After filling it out in blue ink and signing it, please send us the original form via mail for the broker signature.
Company Name: ISELLHOUSES.COM
Our DC Broker License Number: PB-98368302
Our DC Corporate License Number: LL-98368303
NOTE: If you have questions about license transfer or need help, please call PEARSON VUE directly at 1-888-204-6192
4. Inform Bright MLS
Bright MLS is the regional MLS (multiple listing service). Membership in it is mandatory for active licensees. Our Broker Code: ISEL1 (first alphabet in code is “I” as in Indiana, followed by “SEL” and the number “1”. New licensees will need to join them. Existing licensees will need to transfer over to our firm. To do either, please call them at 1-844-552-7444 or click on this link to update your records with Bright MLS. Once you complete this step, they will send us an email to approve your transfer to ISELLHOUSES.COM, REALTORS. Their training videos can be viewed at this You Tube channel.
5. Inform association
We maintain association membership with GCAAR (Greater Capitol Area Association of REALTORS; the largest association in and around Metro Washington DC). Membership in GCAAR is mandatory for active licensees. If you are a new agent, you’ll need to join GCAAR. To do so, please call them at 301-590-2000. If you are already a member of GCAAR, fill out the GCAAR transfer form and return it to us via email or fax.
6. Order business cards, signs, name-tags through us
For design and consistency, all business cards must be ordered through the company upon joining. Your business cards will look identical to the images of business cards seen here. Personal photographs on business cards and other marketing materials are optional but if you wish to include your photograph, you must adhere to photo requirements below.
- Must be taken by a professional photographer like this
- Must be a head shot or portrait shot from the chest up
- The best photographs are the ones that showcase your personality
- Must be in professional attire and conservative business colors
- Must be against a solid white or gray colored background
If you will be using company installed for-sale sign panels on wooden posts, you need not invest in yard signs. All other signs (ie. name riders, self installed yard signs, directional arrow open house or for sale signs) must be ordered through our approved sign company. We offer our agents two choices for yard signs (A) Professionally installed wooden post with brochure box, large company name panel that reads For Sale or For Rent, agent name and cell phone rider (B) Agent installed metal frame sign, For Sale or For Rent rider, agent name and cell phone rider.
Want a magnetic name tag to work for you? These magnetic backed name tags are time tested and they encourage people to talk real estate with you. From a line at the bank to the grocery store, they tell the world what you do for a living. Have your business cards ready to give out when you’re wearing these tags.
7. Setup a Dropbox account
Watch a YouTube video on Dropbox; an online system that allows you to upload scanned documents, photos, videos etc. into folders and then share those folders with your real estate clients, mortgage lenders, closing companies and us. Your files are always available online and saved permanently. This way should your computer malfunction you always have a place to retrieve your data. Simply click here to get started.
8. Setup a Docusign account
Watch a YouTube video on Docusign; an online system that allows you to send listing and sales contracts to your clients for e-signatures, initials, dating etc. No more having to print out papers. Show your clients that you are a tech savvy agent. Simply click here to get started.
9. Review our business management links
We will enable you to review all our administrative methods, forms, checklists, office training and policy manual and show you how efficient and simple our day to day business management system actually is. You’ll be in business for yourself, but not by yourself. We’re here to guide you every step of the way.
Customized + effective marketing!
10. Order optional print marketing through us
Our brokerage has a commercial account with a national graphic design and printing firm to help you customize and order any of the following printed items, drop shipped directly to your door in approximately a week. If you do not want to order any marketing materials at this point, that’s quite alright. If you do, contact the office for pricing information. Items you may want to consider ordering for self-promotion include; Customized door-hangers, Company brochures onto which you can clip or staple your business card, Just Listed/Sold Postcards, Property fact-sheets on glossy card stock, Custom logo letterheads, Custom logo envelopes, Rolls of business card stickers, Car magnets and anything else you can imagine.
Our catchy and hard to forget company jingle: