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.
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