LoKation West Palm Beach
Join LoKation Real Estate in West Palm Beach
LOKATION WEST PALM BEACH OFFICES
LOKATION REAL ESTATE
Banyan Bridge Group is proud to be part of the LoKation® Real Estate family.
LoKation Real Estate was founded in 2015 and is headquartered in Pompano Beach, FL.
In that short time, LoKation has risen to be ranked #23 of all independent brokerages(Real Trends Top 500 Brokerages 2022) and has recently begun expanding into other states, including Colorado, Georgia, South Carolina, Texas and Alabama.
LoKation differentiates itself as an alternative to full-service real estate companies like Keller Williams, Coldwell Banker and Compass because it does not charge franchise fees to agents or brokers wishing to leverage the brand name.
LoKation does not charge desk fees, does not require royalty payments, does not restrict its agents and brokers to specific geographic areas and does not require multi-year franchise agreements.
On the other end of the spectrum, LoKation has differentiated itself from other disruptive “ virtual ” real estate companies like EXP Realty by actually delivering on its promise to provide a high-touch, centralized, personalized agent-friendly service model.
These are the main reasons Banyan Bridge Group has joined forces with LoKation Real Estate.
Regardless of economic shifts or changes to how home buyers and sellers make their decisions, our partner LoKation Real Estate acts as an extension of our business in Northwest Florida
Eliminating franchise fees and embedding real estate adjacent services like title insurance, renter insurance, property insurance and mortgage lending, LoKation allows its agents, team leaders and end customers the ability to find all of its real estate transaction solutions under one roof.
JOIN LOKATION REAL ESTATE IN WEST PALM BEACH
There’s lots of reasons to join LoKation Real Estate if you’re a real estate agent in Palm Beach County.
Headquartered in Pompano Beach, LoKation Real Estate is an independent real estate company with no cap, 100% commission for agents, a luxury real estate division, leading edge real estate marketing and lead generation, plus real-live support and on-demand training for yourself and your agents.
100% commission model for real estate agents
Nothing gets real estate agents worked up like discussions about their commission splits.
Except at LoKation Real Estate.
That’s because LoKation Real Estate agents receive 100% of their commission.
Not 80/20 up to $16,000. Not 90/10.
100%. Always.
No splits. No caps.
In many real estate brokerages, like a traditional brick and mortar real estate company like Keller Williams, the broker pay their agents a percentage of the total commission from their deal, with the remainder of the commission going to the franchise owner, corporate headquarters and who knows who else.
Not at LoKation.
How does the 100% commission model at LoKation work?
LoKation Real Estate pays its agents 100% commission from each deal they close.
If a LoKation agent sells a home at $400,000 at 3% commission, the commission earned by that agent is $12,000.
LoKation does not take a percentage of that commission.
In a traditional brokerage with a 70/30 or 80/20 split, that’s not the case. The broker might keep anywhere from $2,000 to $4,000 of that commission for itself.
LoKation takes its cut via a flat amount as a transaction fee – $99 per sale or $495 per sale depending on the plan each agent selects, which is dependent on an agent’s production level and historical success. It’s the agent’s choice which plan to select.
For experienced agents with a track record of success, LoKation agents typically choose the BLUE PLAN, which is $99 per month and $99 per transaction, plus $35 per quarter compliance fee.
For new agents, part-time agents or real estate agents that expect or have fluctuating or inconsistent production levels, they will tend to choose the SILVER PLAN, which is $99 per year, $495 per transaction and a $35 per quarter compliance fee.
Agents can switch to the BLUE PLAN when it’s in THEIR best interest to do so – make more than 1 sale per month and the commission you keep will be dramatically more than with other real estate firms.
It works the other way as well – if you need to reduce your monthly expenses as a real estate agent, you can change to the SILVER PLAN, reduce your monthly expenses and only pay a flat fee when you’ve made a sale.
This 100% commission model is extremely beneficial for agents in a volatile or uncertain real estate market, especially the SILVER PLAN.
LoKation Real Estate does not charge any administrative fees.
LoKation Real Estate does not charge a technology fee.
LoKation has offices in Florida, Colorado, Texas, Alabama, Georgia and South Carolina
LoKation Real Estate corporate headquarters are in Pompano Beach, Florida.
LoKation is licensed as a real estate brokerage and agents can do business as a LoKation agent in Florida, Colorado, Texas, Alabama, Georgia and South Carolina, with other states coming online in the near future.
Most 100% commission real estate companies do not have offices where agents can take their clients, work quietly or have a separate place to conduct business as an agent.
In Florida, LoKation has more than 15 brick and mortar offices for use by its agents.
In Colorado, Texas, Alabama, Georgia and South Carolina also has offices where agents can work outside their home, meet with clients, network or host meetings if they choose to.
This is another way LoKation Real Estate differentiates itself as an agent-centric real estate brokerage.
LoKation provides live, recorded, virtual and on-demand training for its agents
For new and experienced agents, LoKation Real Estate provides training across all the different areas that a real estate agent needs to be successful.
For new agents and agents new to LoKation, the Agent Kickstart Course is the perfect starting point to orient yourself with LoKation systems and start making headway with buyers and sellers.
Live training is available weekly from brokers on a wide variety of training topics, plus LoKation’s technology, lead generation and marketing partners host live webinars for agents.
Most of these webinars and training events are recorded and are located in the Training Library, which has pre-recorded, evergreen training content exclusively for LoKation agents.
Agent support is at the heart of LoKation Real Estate
The agent support staff at LoKation headquarters, as well as each state’s Broker, is available to answer agent questions.
The biggest complaints with virtual real estate brokerages is agents can’t get someone at headquarters on the phone to help them, or are forced into a support portal that’s more like an endless maze to navigate.
LoKation’s support staff makes it a point to be accessible, plus LoKation’s leadership team continually looks at structuring its communication channels with agents in a way that’s efficient and intuitive.
LoKation Real Estate’s Luxury Real Estate program
In March of 2023, LoKation Real Estate announced the launch of its Luxury Real Estate division, which is a value-add service designed to elevate real estate agents as experts to the high net worth(HNWI) real estate market.
Experienced agents and teams looking to make a splash in the Palm Beach county luxury real estate market can enroll in the Luxury Real Estate program at LoKation, which gives them access to distinct, customized marketing programs and a synchronized luxury brand persona to utilize for luxury real estate listing at $1 million or more.
How do I join LoKation West Palm Beach?
For licensed agents, LoKation can help with immediate transfer of your license from your current brokerage.
LoKation has made the transfer process simple for individual agents, teams and independent and franchise brokers looking to move their brokerage to LoKation.
If you have questions before joining, we’re happy to help and can assist with getting you in touch with the right people at headquarters.
Just fill out the form below and we’ll connect as you request.
