This comparison between Fathom Realty and Corcoran will explore the differences in commission structures, income opportunities, and agent support to help agents decide which brokerage best aligns with their career goals.
Commission Splits and Fees
Fathom Realty offers an attractive commission split of 100/0, meaning agents keep all of their commission, with no franchise or royalty fees. Fathom also has no production cap, and the only fees agents face are annual fees of $700 and transaction fees that range from $150 to $250 per transaction. This simple and low-cost fee structure makes Fathom appealing to agents who prioritize maximizing their commission.
In contrast, Corcoran’s commission splits range from 50/50 to 70/30, meaning agents must share a substantial portion of their earnings with the brokerage. Corcoran also charges a 6% franchise fee, which further impacts agent earnings. There is no production cap at Corcoran, so agents continue to split commissions with the brokerage regardless of their sales volume. Monthly fees vary by office, and transaction fees are included in the franchise fee structure, but errors and omissions (E&O) insurance costs are reportedly high.
Income Opportunities
Fathom Realty offers no additional income streams beyond commissions, as there is no revenue share model, retirement income path, or willable income option. Agents at Fathom will need to rely solely on their sales commissions for income.
Similarly, Corcoran does not provide a revenue share program, retirement income path, or willable income opportunities. Agents at Corcoran are also limited to commission-based income, without any additional income streams.
Training and Support
Fathom Realty does not provide formal training or 24/7 agent support, which can be a drawback for newer agents or those looking for consistent resources and mentorship. However, Fathom’s low fees may be appealing for more experienced agents who are self-sufficient.
Corcoran offers training, but it varies by office, which means the quality of support and training can differ depending on location. Like Fathom, Corcoran does not offer 24/7 agent support, which can be a limitation for agents working non-traditional hours or needing immediate assistance.
Technology and Resources
Fathom Realty offers a tech-driven platform for transaction management and client engagement, but it lacks some of the more advanced marketing tools found at other brokerages. Fathom’s technology is sufficient for agents looking for basic tools, but those seeking cutting-edge tech may find it limited.
Corcoran, on the other hand, provides robust marketing tools, particularly suited for luxury real estate. However, the focus on high-end markets may not appeal to all agents. Corcoran’s technology, while strong in marketing, may not provide the same flexibility and innovation as cloud-based brokerages like Fathom.
Agent Satisfaction
Fathom Realty has a solid Glassdoor rating of 4.6 stars from 425 reviews, with agents praising its simple fee structure and autonomy. However, some mention the lack of training and support as a downside.
Corcoran has a Glassdoor rating of 4.4 stars from 321 reviews. While agents appreciate the brand’s prestige and strong marketing support, concerns are often raised about the high fees and lower commission splits.
Final Thoughts on Fathom vs Corcoran
Fathom Realty is ideal for agents seeking a low-cost, commission-maximizing brokerage with minimal fees and autonomy. Its no-commission-split model is perfect for agents focused on keeping their earnings, though the lack of support and training may be a downside for some.
Corcoran, on the other hand, is a good fit for agents targeting luxury markets and who value strong marketing support. However, the higher fees, lower commission splits, and lack of a cap may be less appealing to agents looking to maximize their earnings.
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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