In this comparison between LPT vs REMAX, we’ll dive into the key aspects that agents should consider, including commission structures, fees, income opportunities, and agent support.
Commission Splits and Fees
LPT Realty offers commission splits ranging from 80/20 to 100/0. This flexibility allows agents to maximize their earnings. There are no franchise or royalty fees, making it more cost-effective for agents who want to keep a higher percentage of their commissions. The production cap at LPT Realty is $15K, meaning agents keep 100% of their commissions after hitting this cap. Monthly fees vary, with options as low as $500/year plus $0 or $89/month, or $149/month, depending on the agent’s choice. Transaction fees are $195 before reaching the cap.
In contrast, RE/MAX has commission splits that start at 60/40 and go up to 95/5. However, RE/MAX charges a 5% franchise/royalty fee, which reduces agents’ take-home earnings. The production cap is significantly higher at $23K, and monthly fees range from $300 to $2,500, making RE/MAX a more costly option for agents. Transaction fees are included in the royalty fees, which may provide some predictability, but the higher fees overall can reduce the agent’s bottom line.
Income Opportunities
LPT Realty stands out by offering a revenue share program, allowing agents to earn additional income through team building and recruitment. This offers an extra stream of passive income beyond commissions. LPT also provides retirement income and willable income paths, offering agents a long-term financial security option.
RE/MAX, on the other hand, does not offer a revenue share program, nor does it provide retirement or willable income paths. Agents at RE/MAX rely solely on their commission-based income, which may limit long-term financial planning options.
Training and Support
LPT Realty does not have a specified formal training program but offers 24/7 agent support, ensuring that agents have access to help when needed. This level of support is crucial for agents who prefer having consistent access to resources and guidance.
RE/MAX provides access to its Online University for training, which is a structured learning platform. However, it lacks 24/7 support, which may be a downside for agents who need more immediate assistance, particularly in fast-paced markets.
Technology and Resources
LPT Realty provides agents with access to a variety of technology tools and platforms designed to enhance their marketing and client management efforts. The cloud-based model allows for flexibility and efficiency, especially for agents on the go.
RE/MAX also invests in technology, offering agents tools for lead management, marketing, and transaction handling. However, the higher cost structure may make these tools less attractive compared to LPT Realty’s more affordable options.
Agent Satisfaction
LPT Realty has a 4.3-star rating on Glassdoor, with 37 reviews. Agents appreciate the flexibility in commission splits, lower fees, and income opportunities through the revenue share model.
RE/MAX holds a 4.2-star rating from 3.3K reviews. While the brand recognition and vast network are major benefits, agents often mention the high fees as a downside.
Final Thoughts on LPT vs REMAX
LPT Realty offers more flexibility with commission splits, lower fees, and additional income streams through its revenue share program, retirement income path, and willable income options. This makes it a great choice for agents who want to maximize their income potential while keeping their costs low.
RE/MAX, on the other hand, is a well-established brand with strong name recognition and a large network, but its higher fees and lack of additional income opportunities may make it less attractive for agents focused on long-term financial growth.
For more in-depth comparisons, check out our eXp vs traditional brokerage comparison and online brokerage comparison pages. Explore the advantages each brokerage offers, and don’t forget to see why many agents are turning to eXp Realty for even more opportunities.
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