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Broker & Brokerage Responsibilities

Service

DOL and MLS Setup

E&O & Liability Insurance

Workers Comp Insurance

B&O Taxes

1 Time License Application & Test Fee (New Brokers Only)

Clock Hour Classes

License Renewal

MLS Dues

SUPRA E-Key Subscription

Email Address

Website Profile Setup

Google Drive & Transaction Desk Access

Training

Ongoing Contract & Deal Support

Marketing

Lead Generation

Lockboxes

Yard Signs

Sold Riders

Name Riders & Directional Arrows

Cost

N/A

Varies (Appx $800 - $1200 per year)

$79.87 (Quarterly)

1.5% of Gross Revenue Yearly

$284.50

$0 -$299 (Varies, Every 2 Years)

$146.25 (Every 2 Years)

$240 Semi-Annually

$177.21 Annually (2016 Rate)

$50 Per Year

Appx $350 per year for website maintenance

Appx $50 Per Year

Varies

Varies

Varies

Varies

$105 Per box

$76.88 per sign

Appx $6 per sign

Varies (About $27 per Name Rider, and about $16 per Directional Arrow)

Cost Responsibility

N/A

Locality & Broker

Locality

Locality & Broker

Broker

Broker

Broker

Broker

Broker

Locality

Locality

Locality

Locality

Locality

Locality & Broker

Locality & Broker

Locality & Broker

Locality

Locality & Broker

Broker

Locality Responsibility

Completes & Files Broker Setup or Transfer Forms

Provides Brokerage Coverage (Covers Broker while at company)

Provides L&I Workers Compensation Insurance as required by WA Law

Pays B&O Taxes on a Yearly Basis






Provides localitybrokers.com Email Address, Calendar & Google Apps Account (all provided via Google)

Uploads Broker Profile to localitybrokers.com

Provides access to Google Drive & Transaction Desk for Brokers to store contracts and documents.

Provides training for new Brokers and Brokers who need additional help. Training provided by experienced Brokers and includes classroom and field training.

Provides ongoing support and advice on contracts and negotiations

Provides website marketing with rotating "buy box" for Brokers. Provides expert advice on building your own marketing campaigns, including advertising on Zillow, building your own website, and other tried and true lead generation syustems.

New Brokers under the Beginning Broker plan are provided leads via REALTOR.com, paid for by Locality.

Locality provides lockboxes that can be borrowed.

Provides yard sign for listings.

Provides generic sold signs..


Broker Responsibility

Completes & Signs Required Forms

Enrolls in Broker Coverage (Covers Broker regardless of what brokerage license is at. Strongly encouraged.)


Has 1.5% of gross commission revenue withheld from paycheck

Pays fees to WA Department of LIcensing to take the real estate exam and get original license. Applies to new brokers only.

Enrolls in Clock Hour Classes to obtain or renew license. Clock Hour Classes are often provided free of charge by Title Companies or can be taken online for a fee.

Renews license every 2 years or as required by the WA Department of LIcensing.

Pays MLS Dues directly to NWMLS.

Enrolls in Supra E-Key Subscription (A Supra E-Key subscription is required to obtain the key needed to show houses.)


Writes Public Profile and Provides Profile Picture

Uploads all contracts and state required documents to comply with DOL regulations.



Invests time and money into building business through proven marketing campaigns. Build your own website, use lead generation tools, and more.

Lead generation may be purchased through Zillow, REALTOR.com, Trulia or other vendors.

Broker may purchase their own lockboxes through NWMLS.


Broker may order personalized sold signs

Brokers may purchase personalized name riders and arrows at their discreation.