California Coastal Real Estate Introduces New Business Model for Agents: Combining 100% Commissions With Recurring Referral Income Plus Investment Capital
Agents now have a way to earn residual income while gaining access to broader services and markets. In addition, California Coastal Real Estate is creating an investment fund which will invest in deals brought to it by its agents.
LOS ANGELES, CA, June 20, 2013
The real estate industry has changed dramatically in the last several years, especially in California. The economic downturn, advances in technology and the tightening of the mortgage markets have left agents wondering how they can continue to operate efficiently, generate additional revenues and better service their clients. California Coastal Real Estate ("CCRE"), a division of Peabody Real Estate, Inc., has developed a unique business model which provides its member agents with the ability to keep more of their commissions, generate ongoing income, and access to a pool of investment funds that can be used to acquire distressed or under-market properties."We see California Coastal as a better option for the real estate professional who is frustrated with their current level of transaction activity and profit," explained Stephan Klein, founder and CEO. "Traditional national brokerage chains take from 30-50% of an agent's commission, and don't really provide that back to the agent in terms of true value."
California Coastal Real Estate provides all the services of a larger brokerage and charge a flat fee of $895 for the transaction. The agent keeps 100% of the commission, and can earn additional income of $125 on each transaction from other agents they referred to become members. In addition, the Company is creating a real estate investment fund which will be used to acquire properties introduced to the fund by California Coastal member agents.
"There are other so-called '100% commission' brokerages in California, but no one is providing its agents with additional opportunities to generate income," explained Klein. "We want our agents to bring us the deals they have been trying to figure out how to fund. We will handle the acquisition, rehab and resale and the agent will get paid on both ends of the transaction."
Stephan Klein has been an award-winning real estate professional and community leader for the better part of 2 decades. Beginning his career as a Coldwell-Banker Rookie-of-the Year, he was named to the ReMax Hall of Fame in 2005 and continues to out-perform his peers. He leads a multi-dimensional organization that includes brokerage, development and construction services, and his community activism has earned Klein special recognition from the City of Los Angeles and California State Assembly.
In addition to investment capital, CCRE provides its agents with a full suite of brokerage services, including: Transaction coordination, legal support & documentation, leads and marketing support, short sale coordination, discounted escrow services, and much more. They charge a modest annual membership fee, and a flat $895 per transaction, which includes the E & O fee. In addition, California Coastal is a certified HUD brokerage, with access to thousands of HUD-owned properties for our agents to market or purchase.
For more information on how you can become part of the California Coastal Real Estate team, contact: Stephan Klein skrealty@msn.com 323-692-0100 or Anthony Kelley realty.24hrs@gmail.com 323-270-7151, or visit our website: http://calcoastalbrokerage.com
California Coastal Real Estate is a leading Southern California flat fee brokerage, where real estate agents can enjoy full brokerage services, 100% commissions and the ability to earn residual referral income. For more information, contact us at 877-325-7445.