This comparison between LPT vs Corcoran will help agents understand the differences in commission structures, income opportunities, training, and support to decide which brokerage aligns better with their career goals.
Commission Splits and Fees
LPT Realty offers flexible commission splits, ranging from 80/20 to 100/0, with no franchise or royalty fees. LPT Realty also has a production cap of $15K, after which agents keep 100% of their commissions. The brokerage provides agents with stock-based bonuses, which can increase earnings further. Monthly fees at LPT vary, starting from $0 plus transaction fees of $195 before the cap is reached.
Corcoran, on the other hand, offers commission splits between 50/50 and 70/30, which are less favorable than LPT Realtyโs top-tier splits. Corcoran charges a 6% franchise fee, and unlike LPT Realty, there is no production cap, meaning agents will continue to share their commissions with the brokerage no matter how much they earn. Monthly fees vary by office, and transaction fees are included within the franchise fees, offering predictability, but the lower commission splits and ongoing fees may limit earnings potential for agents.
Income Opportunities
LPT Realty stands out by offering a revenue share model, allowing agents to earn additional income by recruiting new agents to the brokerage. Additionally, LPT Realty provides a retirement income path and willable income, giving agents more ways to secure long-term financial stability.
Corcoran does not offer a revenue share program, retirement income path, or willable income. Agents at Corcoran rely solely on commissions for their earnings, which may limit long-term income potential compared to LPT Realtyโs multiple income streams.
Training and Support
LPT Realty offers minimal training and no 24/7 support, which may be a limitation for agents who require consistent guidance. While the brokerage focuses on providing agents with freedom and flexibility, it may not be ideal for those who value robust training programs.
Corcoran offers training that varies by office, so the quality of training depends largely on the location. While there is no 24/7 support, Corcoranโs agents benefit from being part of a luxury brand with a strong reputation in high-end markets.
Technology and Resources
LPT Realty provides modern technology and marketing tools, offering agents access to systems that help streamline transactions and boost productivity. However, the technology is relatively basic compared to other brokerages, which may be a drawback for tech-savvy agents.
Corcoran is known for its luxury market focus and offers advanced marketing tools geared toward high-end properties. While it lacks cloud-based flexibility, Corcoranโs tech and marketing are highly effective in helping agents succeed in the luxury market.
Agent Satisfaction
LPT Realty has a 4.3-star rating on Glassdoor from 37 reviews, with agents praising the commission splits and additional income opportunities. However, some agents mention the need for more training and support.
Corcoran holds a 4.4-star rating from 321 reviews on Glassdoor, with agents appreciating the brand reputation and marketing resources, though the lower commission splits and high fees are frequently mentioned as downsides.
Final Thoughts on LPT vs Corcoran
LPT Realty offers more flexible commission splits, lower fees, and better income opportunities through its revenue share program. Agents who want to maximize their earnings and enjoy more long-term financial security would likely prefer LPT Realty.
Corcoran is a strong choice for agents focused on the luxury market, but its lower splits, ongoing fees, and lack of income opportunities beyond commissions may limit its appeal for agents looking for higher financial growth.
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