A joint venture is a business arrangement in which a Real agent can buy shares in a Real Title entity (a “JV”), thus creating a RESPA-compliant way to make money on title.
Signing up for the JV is simple, and consists of only a few steps:
Once you have a closing, submit that closing to Real Title, using the ReZen app in as little as 4 minutes. Once it’s opened, you will be able to track your transaction progress, and view wire instructions and contact information for your escrow officer. Please view a quick demo of the process in the video below.
The JV consists of three tiers: Silver, Gold, and Platinum. Agents start at the Silver tier and can be promoted based on their performance, marketing efforts, etc. A higher tier means more equity and larger distributions!
To qualify to join, you must hit your cap level (full cap). Recently we have introduced an open JV in Texas that allowed all Real agents (non-cappers) in Texas to qualify and the results have exceeded our expectations so far. We plan to expand that practice to other states in the near future.
Stay tuned for more!
For more questions, please contact firstname.lastname@example.org