@realty is launching an Australian first-of-its-kind revenue sharing program which will pay it forward to agents who bring others to the network.
The @realty Ambassador Program offers agents who are instrumental in bringing on other agents to @realty a passive income from the sales the new agent makes, without impacting the new agent’s income.
Directors James and JJ Taylor said the program was an opportunity to provide agents who have helped with the expansion of the company nationwide to participate in a revenue sharing program.
“@realty will pay forward a percentage of the new recruit’s earnings to the Ambassador agent,” James said.
“We have designed this program to provide @realty agents with another stream of passive income in addition to the existing income streams of sales, property management, finance and conveyancing.
“This is also a great way for agents to build strong relationships with fellow @realty agents.”
This program will incentivise @realty agents to help ensure that anybody they bring into the @realty network will be achieving their full potential and encourage the agents to support each other, thereby creating team environments.
The revenue sharing will go three tiers down: If agent 1 gets an agent (2) to join, then agent 1 will receive 15 per cent of the revenue generated by agent 2. Agent 2 gets an agent (3) to join, then Agent 1 will receive 17 per cent of the revenue generated by agent 3. Agent 3 gets an agent (4) to join, then Agent 1 will receive 10 per cent of the revenue generated by agent 4.
Mr JJ Taylor says the earning potential is uncapped for @realty Ambassadors while they are a part of @realty.
“This ambassador program allows agents to materially benefit from helping other agents and it is also a great way for @realty to pay it forward to @realty agents,” he said.
“This is another example of how the @realty network of agents works together to achieve great outcomes.”