Real Broker Review (2026): Fees, Cap, Stock Plan, and Who Should Move
Sep 01, 2026
Two things happened to Real in the last eight days and almost nothing you will read about the company accounts for either.
The RE/MAX merger closed on 24 August 2026. It is not pending. Real REMAX Group Inc. has been trading on Nasdaq since 25 August. And this morning, 1 September, Real's fees went up: the annual brokerage fee from $750 to $900, and the per transaction fee from $40 to $50. Real updated its own cost page on 31 August. No trade publication has reported it.
There were two more changes the same morning that cut the other way, both aimed at top producers, and one new condition on getting paid revenue share at all. Below is the complete schedule as it stands today, the stock plan explained mechanically rather than as a pitch, what the recruiting programmes actually cost the company, and who should move. I sell houses and run real estate coaching, so read the next box first.
Where I stand
I am Saad Jamil. Licensed since 2007, more than 800 homes and over $500 million closed in Northern Virginia, still selling today. I have never been a Real agent and nothing here is written from the inside.
I have no affiliate link, no commission, no sponsorship and no recruiting relationship with Real or any brokerage named here, and I hold no position in REAX or any company mentioned. Nothing on this page pays me whichever way you decide. I do run a coaching programme, which competes for the same budget a brokerage's training bundle occupies.
Every figure names its source and the day I read it. The fee schedule below was read on 1 September 2026, the day it changed, so check the date before you rely on it. Where our own earlier articles got a Real figure wrong, I say which one and correct it.
Quick answer
Real is an 85/15 split with a $12,000 cap for a solo agent and $6,000 for a team member, no monthly fee, a $249 sign up, a $900 annual fee taken as $300 from each of your first three closings, and a $50 fee on every transaction. After the cap it is $285 a sale. Those last two figures changed this morning.
The equity is real and the mechanics are stricter than the pitch. Enrolling withholds a fixed 5 percent of your net commission before the cap and 10 percent after it, and Real matches that in free bonus shares at 10 and 15 percent. The shares you bought vest in a year and are yours. The free bonus shares are forfeited if you leave within a year of getting them.
The company has never made a profit, in any year since 2020. In 2025 it paid $60.5 million in revenue share and $58.2 million in agent stock, which together came to about 78 percent of its gross profit. That is not a scandal, it is the strategy, but it is the number to understand before you value your equity.
In this guide
- The fees changed this morning, and nobody has reported it
- The complete fee schedule, read on 1 September 2026
- Run it against your own production
- The stock plan, mechanically
- Revenue share, and the fee on the fee
- What the two programmes cost the company
- The RE/MAX merger closed eight days ago
- Never profitable, and the churn they do disclose
- 244 reviews across 35,000 agents
- The claims on the record
- Who should move, and who should not
- Frequently asked questions
The fees changed this morning, and nobody has reported it
Real updated its master cost page on 31 August 2026. Four changes took effect on 1 September, and they do not all point the same way.
| What changed | Was | Now | Who it hits |
|---|---|---|---|
| Annual brokerage fee | $750 | $900 | Everyone |
| Per transaction fee | $40 | $50 | Everyone, every transaction |
| Elite post cap fee | $129 | $100 | Top producers, a cut |
| Elite production stock award | $16,000 | $12,000 | Top producers, also a cut |
Read from Real's own support pages on 1 September 2026. The Elite post cap change is stated to apply to transactions created on or after 1 September 2026.
Read that as a whole and it is more interesting than a price rise. Real raised the flat costs that every agent pays regardless of production, cut the post cap fee for its highest producers, and cut those same producers' equity award by $4,000. Money moved toward the top of the roster on fees and away from it on stock.
There is a fifth change that is not a fee at all. From 1 September, US agents must hold a Real Wallet business checking account to receive revenue share. If revenue share is part of why you would join, that is now a condition of collecting it.
A correction to our own pages
Two figures we have published about Real were wrong or are now stale. Our Fathom review gave the per transaction fee as $30, which came from an undated legacy contract addendum that also still shows the old $750 annual fee. Our Epique review said Real does not publish its post cap fee, which is incorrect: it appears on three of Real's own pages as $285. I am correcting both, and this article is the source of record.
One naming trap while we are here. The fee Real now calls CBR, for compliance and broker review, is the same charge it used to call BEOP. Real's help centre still resolves the old title. Any article that lists a BEOP fee and a CBR fee as two separate line items is charging you twice for one thing.
The complete fee schedule, read on 1 September 2026
Everything below comes from Real's own support pages, which is worth saying because Real's marketing domains block automated access and much of what circulates comes from recruiter sites instead. The dated schedule is on support.therealbrokerage.com. Also worth knowing: real.com is RealNetworks, an entirely different company, and any article citing it has the wrong business.
| Item | US, 1 September 2026 |
|---|---|
| Split | 85/15 to the cap |
| Cap, solo agent | $12,000 |
| Cap, team member | $6,000 |
| Cap, team leader | $12,000 |
| Sign up fee | $249, once |
| Monthly fee | None |
| Annual brokerage fee | $900, taken as $300 from each of your first three closings per anniversary year. Close nothing, pay nothing. |
| Per transaction, the CBR fee | $50, on every transaction, and on both sides where you represent both |
| Post cap, sale | $285, or 15 percent less the team split, whichever is less |
| Post cap, lease | $125 |
| Post cap, Elite agents | $100 |
| Your own personal transactions | $250 each, maximum three a year |
| Errors and omissions | Not included. Real states plainly that the CBR fee is not an E and O premium. The amount is not published, and six states require additional cover. |
| On revenue share payments | $175 a year plus 1.2 percent of every payment |
Real support pages, read 1 September 2026. Canadian figures differ; the per transaction fee in Canada is $40 and the post cap sale fee is $375 CAD.
Three things in that table are easy to miss.
The annual fee is production linked. Taking $300 from each of the first three closings rather than billing $900 in January is genuinely agent friendly. An agent who has a bad quarter does not owe it.
Errors and omissions is not in the price. Real says so explicitly. Most 100 percent brokerages bundle it into the transaction fee, and several of the ones I have priced do. This is a real cost that is not on the schedule, and Real does not publish what it is.
Revenue share carries its own fees. $175 a year plus 1.2 percent skimmed off every payment. Small, but it is a fee on money you were told you would receive, and it is the sort of thing nobody mentions in a recruiting call.
Against the field: Real's $12,000 cap sits close to eXp's, above Fathom's, and the whole comparison is set out in the LPT review. The genuinely distinguishing feature is not the cap, it is the $6,000 team member cap, which is the lowest of the group and makes Real unusually cheap for an agent working under a team leader.
Run it against your own production
This walks your closings one at a time, the way the cap actually works, and adds the stock withholding if you enrol. It uses the schedule as of this morning. Nothing is sent anywhere.
What a year at Real would cost you
Paid to Real
Effective split
Cash in hand
Into stock, plus bonus
Schedule read from Real's own support pages on 1 September 2026 and it changes without notice. Errors and omissions insurance is not included and Real does not publish the amount, so it is not in these figures.
Two things to try. Switch to the team option and watch the cap halve, which is the single most underrated number in Real's schedule. Then set closings to four and see how little the cap matters when you are not going to reach it, because at low volume you are simply on an 85/15 split with fees.
The stock plan, mechanically
Real is recruited on equity more than on split, so this is the section that matters most and the one every recruiting call describes loosely. Here it is as the terms actually read.
The purchase plan is not an election, it is a fixed withholding
You do not choose a percentage. If you enrol, Real withholds 5 percent of your net commission before you cap and 10 percent after, subject to a $250 minimum per transaction, and buys shares with it.
What is usually described as a discount is a match in free bonus shares: 10 percent before the cap and 15 percent after. Put $1,000 in post cap and you get $150 of bonus shares on top. That match used to be 20 percent and was cut in March 2025.
The condition that matters if you ever leave
The shares you bought vest in one year and are never forfeited. They are yours. The free bonus shares are forfeited if you leave within a year of each grant. Since grants are issued continuously as you close deals, at any given moment you are carrying up to a year of unvested bonus shares that walk out the door with your resignation. That is not hidden, but it is not what people repeat.
The awards are shares, not dollars
| Award | What triggers it | What you get |
|---|---|---|
| Capping | Reaching your cap | 150, 75 or 50 shares depending on tier. Shares, not a dollar value. |
| Attracting | An agent you brought in closes a first deal of $2,000 or more in commission | 75, 35 or 25 shares |
| Elite production | Elite status | $12,000, cut from $16,000 on 1 September 2026 |
| Elite teaching | Teaching at Real Academy | $8,000 |
Read from Real's support pages, 1 September 2026. All of these are restricted stock units and vest over three years.
The capping and attracting awards being denominated in shares rather than dollars is the detail to hold. 150 shares was worth about $8,100 when REAX traded near $54 in the last twelve months. At the $18.98 close on 31 August 2026 it is worth about $2,850. The award did not change. The price did.
Where these terms live, and where they do not
This surprised me. Real is public, so you would assume the equity mechanics sit in the SEC filings. They do not. The annual information form disposes of the whole programme in one sentence about equity based incentive programmes subject to eligibility and vesting, with no amounts, no vesting detail and no forfeiture terms.
Everything specific lives on Real's own help centre, and several of those pages carry no date at all. So the terms of the thing you are being recruited on are published by the company, changeable by the company, and largely absent from the documents a regulator reads.
Revenue share, and the fee on the fee
Revenue share pays you a slice of what agents you attracted generate. Real runs it in tiers, unlocked by how many agents you have brought in, and it is the other half of why people move here.
Three things about it are worth more than the tier chart.
It costs you money to receive. $175 a year, plus 1.2 percent taken off every payment. A fee on income you were promised is unusual and it is not something a recruiting conversation tends to cover.
As of this morning you need a Real Wallet account to get it. From 1 September 2026, US agents must hold a Real Wallet business checking account to receive revenue share at all. If you were treating revenue share as passive income arriving in your existing bank account, that changed today.
Real does not publish what a typical agent earns from it. No average, no median, no distribution. What the filings do show is the total: $60.5 million paid across 2025. Against roughly 31,700 agents at year end that averages near $1,900, and averages in recruiting programmes are always dragged up by a few large earners. The median is certainly lower and Real has never said what it is.
How to value a revenue share pitch
Ask the person recruiting you what they personally earned from revenue share last year, and how many agents are in their organisation to produce it. It is a fair question, the answer is not confidential, and the ratio between those two numbers tells you more than any tier chart. If they will not answer, you have learned something anyway.
What the two programmes cost the company
Because Real is public, you can do something you cannot do with any private brokerage: read what the recruiting machine costs. It is the most useful number in this article.
| Full year 2025 | Amount |
|---|---|
| Revenue | $1.97 billion |
| Gross profit | $165.7 million |
| Revenue share paid to agents | $60.5 million |
| Stock based compensation to agents | $58.2 million |
| The two together | $128.6 million, about 78 percent of gross profit |
| Net result | A loss of $8.1 million |
Audited FY2025 figures from the Form 40-F filed 4 March 2026. Total stock compensation was $68.1 million, of which $58.2 million went to agents and $9.9 million to employees.
Seventy eight percent of gross profit spent attracting and retaining agents. That is not a criticism, it is the business model stated plainly, and it explains everything else on this page: why the split is generous, why the equity is real, and why the company has never turned a profit.
It also frames this morning's fee rises. A company spending that proportion on agent incentives, while carrying a new $550 million term loan from the RE/MAX deal, has an obvious reason to add $150 to the annual fee and $10 to every transaction.
And it is the honest answer to whether the stock is worth anything. Real is not paying you in equity out of generosity. It is paying in equity because equity is cheaper than cash for a company that does not generate cash, and the cost lands as dilution: about 219 million shares outstanding against roughly 44 million restricted stock units and 10 million options, an overhang near 25 percent.
The RE/MAX merger closed eight days ago
If you are researching Real this week, this is the largest fact about it and most articles still describe the deal as pending.
| Date | What happened |
|---|---|
| 27 April 2026 | Merger with RE/MAX Holdings announced |
| 13 July 2026 | Department of Justice granted early termination of antitrust waiting, no second request |
| 14 August 2026 | Shareholders approve. Real 99.0 percent of votes cast, RE/MAX 78.8 percent of voting power |
| 24 August 2026 | Deal closes. Real REMAX Group Inc. begins trading on Nasdaq as REAX on 25 August |
From the merger filings and closing announcements, read 1 September 2026. Former Real holders own about 60.4 percent, former RE/MAX holders about 39.6 percent. RE/MAX was valued at roughly $880 million.
What it says about agents, which is almost nothing
I went looking for what the merger does to caps, fees, splits, revenue share or equity. The filings do not address it. A full text search of the registration statement and the prospectus returns zero results for agent attrition, and the closing announcement lists only a generic risk of failing to retain agents, franchisees and personnel.
The clearest statement is from the announcement call transcript, filed 27 April 2026:
"REMAX agents will keep their brand, their franchise model and their existing economics. Real agents will keep their model too... We are not asking agents to change what works for them. We are adding to it."
Real, merger announcement call, 27 April 2026
Two brands, two models, no migration announced. Take it at face value for now, but note it is a commitment made in a call rather than a term in a document, and no filing repeats it.
A RE/MAX broker owner put the tension well in trade press in April: a brand built on desk fees, offices and local leadership merging with one that has none of those, and he expected uncomfortable agents. Another argued the opposite, that the two models can coexist. Both are opinions and neither has been tested.
The part that is not about agents but should worry you anyway
Real financed the deal with a $550 million five year term loan priced at a floating rate plus 5.50 percent, plus a $40 million revolver, on a company that a day earlier had no debt and $86.6 million in net cash. It also authorised a $450 million buyback. A never profitable company has just taken on substantial expensive debt, and the interest has to come from somewhere. The fee rises that landed this morning are the first place to look.
Never profitable, and the churn they do disclose
Being public means two things you cannot check at Epique, LPT or Realty ONE Group are checkable here.
Real has never made a profit
| Year | Net result |
|---|---|
| 2020 | Loss of $3.6 million |
| 2021 | Loss of $11.7 million |
| 2022 | Loss of $20.3 million |
| 2023 | Loss of $27.2 million |
| 2024 | Loss of $26.5 million |
| 2025 | Loss of $8.1 million |
| Q2 2026 | Loss of $8.0 million |
From Real's filings, read 1 September 2026. There is no going concern qualification and the audit is clean. Losses narrowed through 2025 and widened again in the second quarter of 2026.
Be fair about what this means. A fast growing company losing money while spending 78 percent of gross profit on agent incentives is doing something deliberate, not failing. Real reports positive adjusted earnings, which excludes the $68 million of stock compensation. Whether that is a reasonable adjustment depends on whether shares handed to agents are a real cost. If you are the agent receiving them, they are.
What it does mean is that the value of your equity rests on a growth story rather than on profits, and REAX closed at $18.98 on 31 August 2026, down about 59 percent over twelve months, with a market capitalisation near $664 million.
The churn number, which most brokerages simply do not publish
Real discloses agent churn every quarter in its management discussion. That is unusual and it deserves credit, because almost nobody else does it.
Quarterly agent churn ran 7.9, 7.5, 7.3 and 6.8 percent through 2024, then 8.7, 9.4, 4.9 and 5.2 percent through 2025, and 6.1 percent in the second quarter of 2026, against 9.4 percent in the same quarter a year earlier. Revenue churn stayed between 1.4 and 2.5 percent throughout.
The gap between those two lines is the story. Agent churn at six to nine percent a quarter while revenue churn stays near two percent means the leavers are overwhelmingly non producers. That is a healthy pattern and a fairer picture than headcount growth alone.
Headcount itself: 3,850 agents at the end of 2021, 13,650 at the end of 2023, 31,739 at the end of 2025, and 35,348 at 30 June 2026, with the chief executive saying more than 36,000 in August.
244 reviews across 35,000 agents
The sentiment picture is the weakest evidence on this page and I would rather say that than dress it up.
| Where | Rating | Reviews | Note |
|---|---|---|---|
| Glassdoor, main profile | 4.4 | 159 | 88 percent recommend. Work life balance is the lowest sub score at 4.1 |
| Glassdoor, filtered to Real Estate Agent | 4.8 | 46 | Agent roles rate well above the pooled figure |
| Glassdoor, filtered to Realtor | 4.8 | 58 | |
| Glassdoor, a second company profile | 4.8 | 10 | 100 percent recommend, and it lists a head office that contradicts the filings |
| Indeed, three separate profiles | 4.5 to 4.9 | 31, 33 and 10 | One shows perfect 5.0 sub scores for pay and culture |
| Better Business Bureau | A plus | 0 | Not accredited. Zero complaints and zero reviews in three years, so an inactive file rather than a verdict |
| Trustpilot | none | 0 | Profile claimed in 2019, no reviews |
Read 1 September 2026. Two reads of the main Glassdoor page in one session returned slightly different totals, so treat the counts as approximate. Reddit and the agent forums were unreachable.
Roughly 244 reviews across five employer profiles for a company with 35,348 agents is a ratio below 0.7 percent, and small profiles rating 4.8 and 4.9 against the largest at 4.4 is the pattern you get when a company solicits. The fair conclusion is not that agents love it or hate it, but that there is not enough independent evidence to say.
What the reviews do say
"Pay for the amount of work and hours is not sufficient. 1099 contractors are treated like employees minus the benefits."
Glassdoor, one star, former regional broker manager, Charlotte NC, 11 March 2025
"Great splits for experienced agents... not a place for new agents"
Indeed, licensed agent, Kernersville NC, 9 June 2026
"Completely virtual brokerage... Lacks presence in some locations and brand recognition"
Glassdoor, cons field, agent, Miami FL, 23 July 2026
Those are allegations by the people who wrote them and I have verified no individual account. The themes are what you would expect of a virtual brokerage: fine for experienced agents, thin for new ones, no local presence.
The positives are specific and consistent, and the comparison agents keep making is to eXp:
"The best cloud brokerage, no monthly desk fees like eXp Realty. Very favorable split structure. Support is more helpful than eXp in my experience."
Glassdoor, five stars, Realtor, 28 June 2026
One agent in New York on 31 August put both halves in a single review, listing "Great cap options, solid stock program" as the pros and "It's sales, so you gotta be hungry, no one is holding your hand" as the cons. That is the most accurate two line summary of this brokerage I found anywhere.
The claims on the record
Three matters, all resolved, and one of them carries a figure the trade press never printed.
The seller side commission class action, settled
Real settled the Umpa commission litigation for $9.25 million, announced 8 April 2024 with final approval late that October. The settlement released Real and its roughly 16,000 agents at the time. The figure appears as settlement of litigation in the audited 2024 accounts. No admission and no finding of liability.
The buyer side case, settled quietly
Real was lead defendant in a case filed in the Northern District of Illinois on 28 June 2025, alleging inflated buyer broker commissions under Sherman Act and Illinois law, consolidated with six other suits that October. Real notified the court it had settled on 5 January 2026. The amount was never reported anywhere, but it is in the filings: $750,000, accrued in the fourth quarter of 2025. A settlement, not a finding of liability, on allegations never tested.
An employment case, settled with Real paying nothing
A former chief financial officer filed suit in June 2025 alleging pregnancy and gender discrimination, retaliation and family leave violations. It settled in principle in November 2025 on terms where Real paid nothing and the former executive reimbursed personal charges on a corporate card. The action was dismissed. Allegations, untested, and resolved in the company's favour.
Beyond those I found no securities class action, no short seller report and no state real estate commission action. One item circulating online describes the settled Illinois case as concerning misleading agent recruiting materials, which does not match the complaint. I could find no docket for any such case and would not rely on it.
Who should move, and who should not
I have never hung my licence at Real, so this judges the offer rather than the experience of working inside it.
The genuine case for it
- The schedule is published and dated. A full fee list on Real's own support pages with last updated timestamps. After pricing a franchise brokerage where no national figure exists, that is worth naming.
- The team member cap is the lowest of the group. $6,000 against $12,000 solo. If you work under a team leader, this is the strongest number on the page.
- The annual fee is production linked. $300 from each of your first three closings, so a slow start does not generate a bill.
- The equity is real and the purchased shares are safe. What you bought vests in a year and is never forfeited, whatever happens afterwards.
- They publish churn. Quarterly, in the filings, which almost no brokerage does.
Move if
- You are experienced and self sufficient. Every reviewer who says it works says this, and every one who says it does not says the opposite.
- You are on a team. The $6,000 cap changes the arithmetic more than anything else here.
- You produce enough to cap. Post cap at $285 a sale the effective split climbs fast. Below it you are simply on 85/15 with fees.
- You want equity and understand it is a bet. Not a bonus, a bet on a company that has never been profitable and whose shares are down 59 percent in a year.
Do not move if
- You are new and need training. The most repeated criticism in the reviews, and structurally true of every model like this.
- You need a local office and local brand recognition. There are no offices. In some markets the name means nothing to a seller.
- You are joining primarily for revenue share. It costs $175 a year plus 1.2 percent to receive, now requires a specific bank account, and Real has never published what a typical agent earns from it.
- You are counting the stock as compensation. The capping and attracting awards are denominated in shares, and the same award is worth a third of what it was a year ago.
- You might leave within a year. Your bonus shares go with you only if they have vested, and grants issue continuously, so there is always a year of them at risk.
What I would actually do
Price it properly rather than emotionally. Run your real production through the calculator above, then run the same production through the caps at Keller Williams, Epique and Realty ONE Group. The differences between these models are smaller than the recruiting suggests, and the largest variable is usually your own volume rather than the schedule.
Then ask three questions before you sign. What is the errors and omissions cost in my state, since it is not in the schedule. What did you personally earn from revenue share last year, across how many agents. And what happens to my model after the RE/MAX integration, given the filings say nothing about agent economics and the only commitment is a sentence in a call.
And keep it in proportion. The gap between the best and worst brokerage here is a few thousand dollars a year at typical production. The gap between twelve closings and twenty is far larger, and no schedule gives you that. It is the part I work on with agents through real estate coaching.
Frequently asked questions
What is Real Broker's commission split and cap?
An 85/15 split up to a cap of $12,000 for a solo agent or team leader, and $6,000 for a team member. After the cap Real takes $285 a sale, or 15 percent less the team split if that is lower, and $125 on a lease. Elite agents pay $100 post cap, reduced from $129 on 1 September 2026.
What are Real Broker's fees in 2026?
As of 1 September 2026: a $249 one time sign up, no monthly fee, a $900 annual brokerage fee collected as $300 from each of your first three closings per anniversary year, and a $50 fee on every transaction. The annual fee rose from $750 and the transaction fee from $40 that same day. Errors and omissions insurance is not included and Real does not publish the amount.
Is the Real Broker transaction fee $30, $40 or $50?
In the United States it is $50 as of 1 September 2026. The $30 figure comes from an undated legacy contract addendum that also still shows the superseded $750 annual fee, and $40 was the US figure until 31 August 2026 and remains the Canadian figure. Note also that the fee Real now calls CBR is the same charge it previously called BEOP, so any list showing both is double counting.
How does Real Broker's stock plan work?
If you enrol, Real withholds a fixed 5 percent of your net commission before you cap and 10 percent after, subject to a $250 minimum per transaction, and buys restricted stock units. It matches that with free bonus shares at 10 percent pre cap and 15 percent post cap, reduced from 20 percent in March 2025. The shares you purchased vest in one year and are never forfeited. The free bonus shares are forfeited if you leave within a year of each grant. Separate awards for capping and for attracting agents are denominated in shares rather than dollars and vest over three years.
Is Real Brokerage profitable?
No, and it never has been. Real has reported a net loss in every year from 2020 through 2025 and in both quarters of 2026 reported so far. In 2025 it made a $8.1 million loss on $1.97 billion of revenue, having paid $60.5 million in revenue share and $58.2 million in agent stock compensation, which together came to about 78 percent of gross profit. There is no going concern qualification and the audit is clean.
Did Real Brokerage merge with RE/MAX?
Yes. The merger closed on 24 August 2026 and Real REMAX Group Inc. began trading on Nasdaq as REAX on 25 August. Former Real shareholders hold about 60.4 percent and former RE/MAX shareholders about 39.6 percent. The filings say nothing about changes to agent caps, fees, splits, revenue share or equity, and management stated on the announcement call that both brands would keep their existing models.
How many agents does Real Broker have?
35,348 at 30 June 2026 according to its quarterly filing, with the chief executive citing more than 36,000 in August. The count was 31,739 at the end of 2025 and 3,850 at the end of 2021. Real also discloses quarterly agent churn, which ran 6.1 percent in the second quarter of 2026 against 9.4 percent a year earlier.
About the author
Saad Jamil has been licensed since 2007 and sells with Samson Properties in Chantilly, Virginia. He has closed more than 800 homes and over $500 million in volume, ranks in the top 1 percent of Northern Virginia agents, and holds licences in Virginia, DC, Maryland and West Virginia. His transaction record is on his Zillow agent profile. He has never been a Real agent, holds no position in REAX or any company named here, has no affiliate, commission or recruiting relationship with any brokerage mentioned, and runs Jamil Academy, a coaching programme for working agents.
Educational content only. Not brokerage, legal, tax, financial or investment advice, and not a recommendation to buy or sell any security. Discussion of REAX shares, the agent stock purchase plan, restricted stock units and company financial results is descriptive and is not investment advice; the author holds no position. Jamil Academy is not affiliated with, endorsed by, or sponsored by The Real Brokerage Inc., Real Broker LLC, Real REMAX Group Inc., RE/MAX Holdings, Inc., or any company named in this article. Company and product names are trademarks of their respective owners and are used here only to identify what is being discussed. This page carries no affiliate links, no commissions and no sponsored placements, and the author earns nothing whichever way you decide. Fees, contract terms, filings, ratings and review counts were read from the sources named on 1 September 2026 and change without notice; the fee schedule described changed on that date and may change again. Statements drawn from lawsuits, complaints and employee or customer reviews are allegations by the people who made them, not findings of fact; settlements are settlements and not findings of liability; and unresolved matters are described as unresolved. Views expressed are the author's own opinion. Confirm all current fees, contract terms and equity plan documents directly with the brokerage before signing anything. If you believe anything here is inaccurate, tell us and we will correct it.
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