LPT vs Fathom Realty: Structural Comparison (2026)

Key Takeaway: LPT Realty and Fathom Realty are two cloud-based brokerages serving experienced producers without physical office requirements. LPT operates two commission plans with annual caps and a seven-tier revenue share program with private company stock awards. Fathom Realty, a subsidiary of Fathom Holdings (NASDAQ: FTHM), operates two plans (Edge and Elevate) with a $9,000 annual cap on Edge, plus a five-level revenue share program. The two brokerages differ in cap structure, plan types, revenue share design, and agent equity programs.

TL;DR About LPT vs Fathom Realty

• LPT: cloud-based, two commission plans with annual caps
• Fathom: cloud-based, Edge and Elevate plans with $9K cap on Edge
• Fathom Holdings parent trades on NASDAQ as FTHM
• LPT operates a seven-tier revenue share program
• Fathom operates a five-level revenue share at 20% per level
• LPT awards private company stock with five-year vesting
• Fathom does not offer agent stock awards

LPT Realty and Fathom Realty are two cloud-based real estate brokerages serving agents who operate without a traditional physical office. LPT Realty is a privately held brokerage operating two commission plans (Brokerage Partner and Business Builder) with annual caps and a seven-tier revenue share program. Fathom Realty is a subsidiary of Fathom Holdings, a publicly traded company on NASDAQ under ticker FTHM, operating two commission plans (Edge and Elevate) and a five-level revenue share program.

The two are sometimes compared on commission split alone, but the relevant comparison includes commission cap mechanics, ongoing transaction and per-deal fees, revenue share program design (depth of levels, payout percentages, unlock requirements, and willability), and the role of agent equity awards. Older Fathom materials referenced different plan names and payout structures, so agents should confirm all current terms directly with Fathom.

This article is part of our broader brokerage comparisons library at SmartAgentAlliance.com, built to help agents compare brokerage models, fees, caps, revenue share, equity opportunities, and support structures before choosing where to hang their license.

This article compares LPT Realty and Fathom Realty across the following structural categories:

Commission Structure

The information below is provided for general comparison purposes only, based on sources available at the time of writing. Any plan summaries, figures, or calculation examples are illustrative only. Agents should verify all current terms directly with the brokerage they are evaluating before making a decision.

LPT Realty and Fathom Realty each operate multiple commission plans designed for different production profiles. LPT operates the Brokerage Partner plan (split-based with a $15,000 cap) and the Business Builder plan (flat per-transaction with a $5,000 cap). Fathom Realty operates the Edge plan (split-based with a $9,000 cap) and the Elevate plan (split-based with concierge-level support).

LPT Realty Commission Structure

LPT Realty offers two commission plans, each targeting a different agent profile:

Brokerage Partner Plan (80/20 split):

• Commission split: 80/20
• Commission cap: $15,000 per year
• Annual fee: $500/year
• Monthly fees: Base $0/month; optional LPT Plus add-on at $89/month
• Transaction fee: $195 per transaction (when GCI is $2,500 or more; continues after cap)
• E&O insurance: Included in the $500 annual fee
• Royalty fee: None

Business Builder Plan (flat $500/transaction):

• Commission split: Flat $500 per transaction to LPT
• Commission cap: $5,000 per year (10 transactions)
• Annual fee: $500/year
• Monthly fees: Base $0/month; optional LPT Plus add-on at $149/month
• Transaction fee: $195 per transaction (when GCI is $2,500 or more; continues after cap)
• E&O insurance: Included in the $500 annual fee
• Royalty fee: None

The Business Builder plan reaches its $5,000 cap at 10 transactions ($500 each). Post-cap, the $195 transaction fee applies to qualifying deals (GCI ? $2,500). The Brokerage Partner plan reaches its $15,000 cap based on the 80/20 split calculation (at $75,000 in GCI). The two plans suit different production profiles based on transaction count and average GCI per deal.

Fathom Realty Commission Structure

Fathom Realty operates two commission plans. Older Fathom materials referenced different plan names (such as Max, Share, and Concierge) and different per-deal flat-fee structures; the descriptions below reflect the plan structure currently in use. Agents should confirm specific terms with Fathom before joining.

Edge Plan (7% split):

• Commission split: 7% of GCI to brokerage until cap
• Commission cap: $9,000 per year
• Post-cap transaction fee: $165 per transaction
• Monthly fee: $75/month
• E&O insurance: $35 per transaction
• Client service fee: $250 per transaction
• Minimum transaction fee: $350
• Royalty fee: None

Elevate Plan (20% split, concierge support):

• Commission split: 80/20 with concierge-level support and additional services
• Monthly fee: $75/month
• E&O insurance: $35 per transaction
• Client service fee: $250 per transaction
• Minimum transaction fee: $350
• Royalty fee: None

The Edge plan reaches its $9,000 cap based on the 7% split calculation. Post-cap, the $165 transaction fee applies. The Elevate plan does not include a standardized cap on the 20% split; the trade-off is that Elevate includes concierge-level support and additional services not covered by Edge. Both plans share the $75 monthly fee, $35 per-transaction E&O, $250 per-transaction client service fee, and $350 minimum transaction fee. Older Fathom materials may show different plan names and payout structures, so agents should confirm all current terms directly with Fathom.

Revenue Share Programs

LPT Realty and Fathom Realty both operate revenue share programs. The two structures differ in depth (number of levels), payout percentage per level, unlock requirements, and vesting terms.

LPT Realty Revenue Share

LPT distributes 50% of the “company dollar” (the portion of commission retained by LPT) to agents who recruit other productive agents. The program extends 7 tiers deep:

• Payout: 50% of company dollars generated by your downline
• Tiers: 7 levels deep
• Vesting (willable): 60% at 3 years, 80% at 4 years, 100% at 5 years
• Retirement-eligible: Yes, willable to heirs once vested

LPT’s revenue share program is structured across seven levels at 50% of company dollars distributed to the sponsor tree. Vesting reaches 100% at year 5 (60% at year 3, 80% at year 4) and is willable to heirs once vested. Specific payout percentages per level should be confirmed with LPT.

Fathom Realty Revenue Share

Fathom Realty operates a five-level revenue share program with the following structure:

• Levels 1–5: 20% of eligible pre-cap split revenue at each level
• Unlock requirements: Levels 3, 4, and 5 require additional sponsorship or production thresholds before payouts begin
• Willability: Agents should confirm vesting and willability terms directly with Fathom before relying on the program for long-term planning

Fathom’s revenue share applies a uniform 20% rate across all five levels of eligible pre-cap split revenue, with unlock requirements applying to Levels 3 through 5. The structural design differs from LPT’s: LPT uses a deeper seven-level tree with 50% of company dollars distributed across the levels, while Fathom uses a five-level structure with a flat per-level percentage and unlock thresholds for the deeper levels. Older Fathom materials may have shown declining percentages by level; agents should verify current program terms directly with Fathom.

For more comparisons regarding revenue share, check out our revenue share brokerage comparison.

Stock and Equity Programs

Both brokerages have different equity-related offerings, but the programs are fundamentally different in structure and design.

LPT Realty Stock Awards

LPT awards stock shares to agents who hit production milestones through their “Top Agent Bonus” program:

• Silver tier: 100 – 140 shares
• Gold tier: 1,000 – 1,400 shares
• Black tier: Up to 3,150 shares

LPT Realty stock is private company stock. LPT is privately held, so shares awarded under the Top Agent Bonus program are not traded on a public exchange and do not have a public market price. Valuation depends on company performance and any future liquidity event such as an initial public offering. Vesting follows the LPT schedule (60% at year 3, 80% at year 4, 100% at year 5).

Fathom Realty Stock

Fathom Realty is a subsidiary of Fathom Holdings, which is publicly traded on NASDAQ under ticker FTHM. This affects the corporate structure and consumer-facing transparency but does not by itself create an agent equity award program.

• Public parent: Fathom Holdings (NASDAQ: FTHM) is the publicly traded parent of Fathom Realty
• Agent stock awards: Fathom Realty does not operate a structured agent stock award program comparable to LPT’s Top Agent Bonus or eXp Realty’s ICON program
• Open-market access: Agents can purchase Fathom Holdings (FTHM) shares on the open market like any other public company stock

Fathom Holdings (FTHM) is a small-cap publicly traded stock with corresponding price volatility. The public listing provides transparency into the parent company’s financials through SEC filings and quarterly earnings reports. However, unlike LPT’s Top Agent Bonus program, Fathom does not have a structured program of awarding shares to agents based on production milestones. Agents wishing to hold FTHM shares would purchase them on the open market.

Stock Program Comparison

The two programs differ structurally rather than being directly comparable. LPT operates an agent stock award program (Top Agent Bonus) that grants private company shares based on production milestones. Fathom Realty does not operate an equivalent agent stock award program, but its parent Fathom Holdings is publicly traded on NASDAQ (FTHM), and agents can purchase shares on the open market through standard brokerage accounts.

LPT’s private stock awards depend on company performance and any future liquidity event. Open-market FTHM shares fluctuate with market price. The two represent different equity-exposure mechanisms rather than equivalent programs.

Total Annual Cost at Different Production Levels

LPT Realty and Fathom Realty both apply standardized fee structures across all agents. The illustrative cost examples below use LPT Realty’s Business Builder plan and Fathom Realty’s Edge and Elevate plans.

LPT Realty Annual Cost Estimates (Business Builder Plan)

Fee Type	$100K GCI	$250K GCI	$500K GCI
Commission to LPT ($500/tx to cap)	$5,000	$5,000	$5,000
Annual fee	$500	$500	$500
Transaction fees ($195/tx)	$1,365	$2,925	$5,850
E&O insurance	$0 (included)	$0 (included)	$0 (included)
Total Cost	$6,865	$8,425	$11,350
Net to Agent	$93,135	$241,575	$488,650

Estimates assume Business Builder plan, 7 deals at $100K GCI, 15 deals at $250K GCI, 30 deals at $500K GCI. Cap reached at 10 transactions ($5K). $195 transaction fee applies on all qualifying deals (GCI ? $2,500), including post-cap. LPT Plus add-on ($149/mo) not included.

Fathom Realty Annual Cost Estimates (Edge Plan)

Illustrative example at $250,000 GCI on 25 transactions:

• Commission to brokerage (7% to $9,000 cap): $9,000
• Monthly fees ($75 × 12): $900
• E&O insurance ($35 × 25): $875
• Client service fee ($250 × 25): $6,250
• Total cost: approximately $17,025
• Net to agent: approximately $232,975 (~93.2%)

Edge plan illustrative example assumes 25 transactions at $10,000 average GCI per deal. Post-cap transaction fees ($165) and minimum transaction fees ($350) may apply on specific deals depending on GCI per transaction; not separately modeled in this example. Older Fathom materials referenced different plan structures with materially different cost outcomes.

Fathom Realty Annual Cost Estimates (Elevate Plan)

Illustrative example at $250,000 GCI on 25 transactions:

• Commission to brokerage (20% with no cap): $50,000
• Monthly fees ($75 × 12): $900
• E&O insurance ($35 × 25): $875
• Client service fee ($250 × 25): $6,250
• Total cost: approximately $58,025
• Net to agent: approximately $191,975 (~76.8%)

Elevate plan illustrative example assumes 25 transactions at $10,000 average GCI per deal. The Elevate plan includes concierge-level support and additional services not covered by Edge.

Head-to-Head: $250K GCI Comparison

In the illustrative example at $250,000 GCI on 25 transactions, total brokerage cost is approximately $8,425 at LPT Business Builder versus approximately $17,025 at Fathom Edge and approximately $58,025 at Fathom Elevate. The cost gap between LPT Business Builder and Fathom Edge is driven primarily by Fathom’s $250 per-transaction client service fee and the difference in how the cap calculation is structured (transaction-count-based at LPT versus split-based at Fathom).

The structural cost drivers differ between the two brokerages and the relative cost ranking varies by production level and by which Fathom plan is selected. Agents evaluating these brokerages on cost should run their own scenarios using their expected GCI, transaction count, and which specific plan they would join under at each brokerage.

Training and Professional Development

LPT Realty Training

LPT provides a structured training program that includes:

• Daily live training: Virtual sessions covering a range of topics from lead generation to transaction management
• On-demand library: Pre-recorded courses and training materials available anytime
• Monday Motivation: Weekly motivational and educational sessions
• Virtual and in-person events: Regional and national events for networking and education

LPT delivers live training sessions on a daily cadence as part of its training program. Daily live sessions are an option for agents who prefer real-time learning over self-paced on-demand content. The curriculum is structured around production-focused topics rather than foundational licensing-stage material.

Fathom Realty Training

Fathom has invested in its training library and offers one of the larger on-demand course catalogs among cloud brokerages:

• 600+ on-demand courses: Extensive library covering sales, marketing, technology, compliance, and business development
• Webinars and virtual events: Regular virtual training sessions
• Local market training: Some regional training events and meetups
• Onboarding program: Structured orientation for new agents joining the brokerage

Fathom’s training infrastructure includes the Fathom Academy and a 600+ course on-demand library with live webinars and in-person training options, covering sales, marketing, technology, compliance, and business development. Course depth varies across the library and includes both introductory and advanced topics.

LPT and Fathom both deliver structured training programs with different formats: LPT emphasizes daily live training, while Fathom emphasizes a large on-demand library supplemented by webinars and live and in-person training. Neither operates a mandatory mentor program with reduced commissions for new agents.

Technology and Tools

LPT Realty Technology

LPT provides a technology suite that covers the essentials for a cloud brokerage:

• Agent portal: Central dashboard for transactions, commission tracking, and compliance
• KVCore CRM: Available through the LPT Plus add-on ($89/mo for Brokerage Partner, $149/mo for Business Builder)
• Transaction management: Digital document management and e-signatures
• Marketing tools: Branded templates and social media content
• Mobile app: Access to key tools on the go

The key detail is that LPT’s most powerful technology tool — the KVCore CRM — is only included in the optional LPT Plus subscription. Without it, agents work with the basic agent portal and need to supply their own CRM. This is worth factoring into cost calculation if CRM access is a priority.

Fathom Realty Technology

Fathom has built out its technology offering with the intelliAgent platform:

• intelliAgent: Fathom’s proprietary transaction management and CRM platform
• Agent websites: Customizable IDX-enabled websites
• Document management: Digital transaction workflows and e-signatures
• Marketing center: Branded marketing materials and social content
• Fathom app: Mobile access to tools and resources

Fathom includes its CRM and transaction management tools without an additional monthly subscription. The intelliAgent platform handles the standard cloud-brokerage technology needs, and agents with advanced CRM requirements often supplement with third-party tools.

Both brokerages provide the functional technology stack required for transaction management and brokerage compliance. Fathom’s intelliAgent platform includes CRM, transaction management, IDX-enabled agent websites, and marketing automation as part of the standard offering. LPT’s CRM (KVCore) is part of the optional LPT Plus add-on rather than the base subscription. Many experienced agents at cloud brokerages supplement the brokerage’s platform with their own preferred tools.

Culture and Work Environment

LPT Realty Culture

LPT’s culture centers on wealth building and agent ownership. The company positions itself as more than a brokerage — it’s a platform for agents to build equity through revenue share and stock awards alongside their commission income.

• Entrepreneurial, agent-owned mindset
• Strong emphasis on recruiting and revenue share as wealth-building strategies
• Active social media presence and community among agents
• Growth-oriented environment that attracts agents focused on building income streams

The seven-level revenue share program is a structural component of the LPT compensation model, and recruiting and downline-building feature prominently in agent communications and culture programming. This emphasis affects the brokerage’s day-to-day environment and is part of agent fit consideration.

Fathom Realty Culture

Fathom’s culture historically leaned toward independent, self-sufficient agents who wanted a simple flat-fee model and didn’t need hand-holding. The recent model overhaul has shifted this somewhat, but the core identity remains agent independence.

• Independent agent mindset — less focus on community, more focus on individual business
• Less recruiting pressure than LPT (revenue share is newer and not as deeply embedded in the culture)
• Professional, no-nonsense approach that appeals to experienced producers
• Growing community engagement as the company adds revenue share and new programs

Fathom Realty’s culture has historically emphasized agent independence and a structure-light operating model. With the addition of the revenue share program, recruiting features more prominently than before, but the brokerage’s overall positioning remains oriented toward agents operating their own business with brokerage support rather than within an intensive culture program.

Brand Recognition and Market Presence

LPT Realty Brand

LPT Realty is a newer, smaller brokerage with limited consumer brand recognition. Most homebuyers and sellers haven’t heard of LPT. In real estate agent circles, LPT is increasingly known, particularly among agents interested in cloud brokerage models with revenue share and equity programs.

LPT Realty operates at a smaller scale than the major franchise brokerages by agent count and consumer brand recognition. Brand-driven incremental business is correspondingly limited compared to legacy national brands. Agent personal brand and track record carry more relative weight in the agent’s business under LPT than at brokerages with stronger national consumer brand recognition.

Fathom Realty Brand

Fathom has been around longer than LPT and has built a larger agent base with a presence in multiple states. Being a subsidiary of Fathom Holdings (publicly traded on NASDAQ under ticker FTHM) adds a layer of corporate transparency and visibility through public-company SEC filings and quarterly earnings reports.

Fathom Realty’s consumer brand recognition is also limited compared to legacy national brands. Glassdoor data at the time of writing shows Fathom at 4.6 stars for the Real Estate Agent role across approximately 362 reviews. Ratings and review counts change over time; current data should be verified directly before use.

Neither brokerage operates at the consumer brand-recognition scale of legacy national brands. At both LPT and Fathom, agent personal brand carries significant weight in business generation, and the brokerage primarily provides back-end infrastructure, technology, and compliance support rather than brand-driven lead flow.

Agent Support

LPT Realty Agent Support

LPT claims 24/7 agent support across phone, chat, and email — a structural differentiator among cloud brokerages. Many virtual brokerages offer business-hours-only support.

• 24/7 support: Yes (phone, chat, email)
• Transaction coordination: Available through the platform
• Compliance support: Dedicated compliance team
• Broker support: Designated managing broker access

LPT’s 24/7 support availability covers nights, weekends, and other times outside standard business hours. Agents whose transactions frequently require support outside business hours benefit from this availability.

Fathom Realty Agent Support

Fathom does not offer 24/7 support. Support is available during business hours, which is standard for most brokerages but represents a structural difference from LPT:

• 24/7 support: No
• Transaction coordination: Available through the platform
• Compliance support: Dedicated team
• Managing broker: Regional managing brokers for escalated issues
• Peer support: Agent community and mentorship opportunities

Fathom’s support operates during business hours with regional managing brokers handling escalated issues and a peer support and mentorship community. Agents whose transactions frequently require support outside business hours should weigh the difference in support-hour coverage between the two brokerages as part of brokerage selection.

What Agents Also Ask

Is Fathom Realty publicly traded?

Fathom Realty is a subsidiary of Fathom Holdings, which is publicly traded on NASDAQ under ticker FTHM. Fathom Realty itself is the brokerage subsidiary; the stock listing applies to the parent company. Agents can purchase Fathom Holdings shares on the open market, but Fathom does not operate a structured agent stock award program tied to production milestones.

What is the difference between LPT’s Brokerage Partner and Business Builder plans?

The Brokerage Partner plan applies an 80/20 split with a $15,000 annual cap. The Business Builder plan applies a flat $500 per-transaction fee with a $5,000 cap (10 transactions). Both plans share a $500 annual fee and a $195 per-transaction fee on qualifying deals (GCI ? $2,500). The Business Builder plan scales with transaction count; the Brokerage Partner plan scales with GCI.

How does Fathom’s revenue share program work?

Fathom Realty operates a five-level revenue share program at 20% of eligible pre-cap split revenue at each level. Levels 3, 4, and 5 require additional sponsorship or production thresholds before payouts begin (unlock requirements). Agents should confirm vesting and willability terms directly with Fathom before relying on the program for long-term planning.

Does Fathom offer agent stock awards?

Fathom Realty does not operate a structured agent stock award program comparable to LPT’s Top Agent Bonus or eXp Realty’s ICON program. Agents wishing to hold Fathom Holdings stock would purchase FTHM shares on the open market through a standard brokerage account.

Why This Matters

Many agents comparing LPT Realty and Fathom are also evaluating how both models compare with eXp Realty’s cloud-based structure, standardized cap, revenue share, equity opportunities, and sponsor ecosystem. For that comparison, see eXp Realty vs LPT Realty and eXp Realty vs Fathom.

To compare additional brokerage models, return to the brokerage comparisons library.

Frequently Asked Questions

Are LPT Realty and Fathom publicly traded?

LPT Realty is privately held. The company awards stock shares to agents who hit production milestones, but those shares are not publicly traded and cannot be sold on the open market. The shares represent potential future value, contingent on LPT going public or another liquidity event. Fathom Realty is a subsidiary of Fathom Holdings, which is publicly traded on NASDAQ under ticker FTHM. 

How do LPT and Fathom Realty compare for high-volume agents?

In the illustrative examples shown, LPT’s Business Builder plan ($5,000 cap reached at 10 transactions, $195 per qualifying transaction post-cap) and Fathom’s Edge plan ($9,000 cap based on 7% split, $165 per transaction post-cap, $250 client service fee per transaction) produce different total costs at higher transaction counts. The relative cost ranking depends on the specific transaction count and average GCI per deal. 

How does revenue share compare between LPT and Fathom?

LPT operates a seven-level revenue share program with 50% of company dollars distributed across the sponsor tree, vesting at 60% at year 3, 80% at year 4, and 100% at year 5, with willability to heirs. Fathom operates a five-level revenue share program at 20% of eligible pre-cap split revenue at each level, with unlock requirements applying to Levels 3, 4, and 5. Agents should confirm specific program terms with each brokerage directly.

Do either brokerage provide physical office space?

Neither LPT Realty nor Fathom Realty operates a traditional physical office requirement for agents. Both are cloud-based brokerages where agents work remotely. The cloud-based structure is part of why both brokerages operate at a lower fee structure than physical-office brokerages. Agents who need a dedicated brokerage-provided office should weigh this consideration in brokerage selection.

How do agent reviews compare for LPT and Fathom?

Glassdoor data at the time of writing shows Fathom at 4.6 stars for the Real Estate Agent role across approximately 362 reviews. LPT shows 3.5 stars overall across approximately 70 reviews, with the Real Estate Agent role specifically rated at 4.6 stars. The smaller LPT review count reflects the company’s shorter operating history. Ratings and review counts change over time; current data should be verified directly before use.

Can you switch plans at LPT or Fathom Realty?

Both brokerages allow agents to switch between plans, though the specific terms and timing of plan changes vary. At LPT, you can move between the Brokerage Partner and Business Builder plans. At Fathom, you can move between the Edge and Elevate plans. Check with each brokerage about any restrictions on mid-year plan changes, as some brokerages require you to wait until your anniversary date to switch.