This comparison between LPT vs Berkshire Hathaway HomeServices will break down the differences in commission splits, fees, income opportunities, and support systems, helping agents decide which brokerage aligns with their career goals.
Commission Splits and Fees
LPT Realty offers commission splits ranging from 80/20 to 100/0, providing agents with flexibility based on their performance and preferences. Thereβs no franchise or royalty fee at LPT Realty, allowing agents to retain a greater portion of their earnings. The production cap is set at $15K, and after reaching this cap, agents keep 100% of their commissions. Monthly fees at LPT Realty are low, starting at $0, plus either an $89 or $149 monthly option depending on the plan an agent selects. Transaction fees before the cap are $195, which keeps costs predictable and manageable.
Berkshire Hathaway, by contrast, offers commission splits between 60/40 and 90/10. However, it charges a 6% franchise fee, which impacts the overall earnings for agents. Additionally, Berkshire Hathaway doesnβt offer a production cap, meaning agents will continue to split their commissions with the brokerage indefinitely. Monthly fees at Berkshire Hathaway vary by office, and transaction fees range from $295 to $625, adding up over time, especially for high-producing agents.
Income Opportunities
LPT Realty stands out with its revenue share model, which allows agents to earn additional passive income by recruiting new agents. This gives agents a great opportunity to boost their earnings while growing their teams. LPT also offers retirement and willable income paths, ensuring long-term financial benefits for agents as they build their careers.
Berkshire Hathaway does not offer a revenue share program, retirement income path, or willable income options. Agents are limited to earning from commissions, which may be a disadvantage for those seeking to grow wealth through multiple streams of income.
Training and Support
LPT Realty does not provide formal training programs, but agents have access to 24/7 agent support, ensuring they have the help they need whenever they need it. This makes LPT Realty a good choice for self-motivated agents who are comfortable learning on their own but still want access to support.
Berkshire Hathawayβs training programs vary by office, meaning the quality and availability of training are not uniform across all locations. Additionally, Berkshire Hathaway does not offer 24/7 support, so agents may have to rely on local resources for assistance outside of regular business hours.
Technology and Resources
LPT Realty offers agents access to modern technology and tools, including CRM systems and marketing platforms, to help them manage their businesses efficiently. LPTβs technology-driven approach gives agents the flexibility they need to succeed in todayβs fast-paced real estate market.
Berkshire Hathaway is a more traditional brokerage, but it does provide agents with marketing tools and resources, especially when it comes to leveraging its well-known brand. However, its technology offerings may not be as cutting-edge as LPTβs cloud-based platforms.
Agent Satisfaction
LPT Realty has a Glassdoor rating of 4.3 stars based on 37 reviews, with agents appreciating the low costs, flexibility, and additional income streams offered through the revenue share program.
Berkshire Hathaway has a slightly higher Glassdoor rating of 4.2 stars from 981 reviews. Agents often praise the strong brand reputation and client base, but some express concerns over the ongoing fees and lack of income opportunities beyond commissions.
Final Thoughts on LPT vs Berkshire Hathaway
LPT Realty offers agents more flexibility, lower costs, and the ability to earn passive income through a revenue share model, making it an attractive option for agents focused on building long-term financial stability. The 24/7 agent support and modern technology platforms further enhance its appeal.
Berkshire Hathaway is a well-established brand with strong recognition, which may appeal to agents looking for the backing of a traditional, trusted name in real estate. However, the lack of a production cap, additional income streams, and higher fees might not suit agents who prioritize earning potential and cost efficiency.
For more in-depth comparisons, check out ourΒ eXp vs traditional brokerage comparisonΒ andΒ online brokerage comparisonΒ pages. Explore the advantages each brokerage offers, and donβt forget to see why many agents are turning toΒ eXp RealtyΒ for even more opportunities.
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