Fathom Realty Announces Changes to Its Commission Structure — RISMedia
Fathom Realty LLC recently announced a revised commission structure for its agents.
Starting January 1, 2022, Fathom agents will pay an annual fee of $600, up from $500, and $500 for each of their first 12 completed transactions, up from $450. The current transaction fee of $99 for each transaction after the first 12 remains unchanged. For team plans, team members will pay the $500 transaction fee for the initial four transactions, instead of two transactions.
“Fathom is a pioneer in our industry, with a strong agent-centric service culture. Our agent fees have not increased overall in the past five years, and we believe the time is right to make this change,” Fathom CEO Joshua Harley said in a statement. “We have carried out extensive market research and are confident that our compensation plans remain highly competitive and attractive to our current and future agents. In fact, over the past two years, the commissions Fathom agents have earned on each sale have increased by an average of $2,220. »
“We will always put our agents first and continue to provide them with all the technology, tools, education and services they need to be highly productive and earn more money,” added Harley. “We believe the fee increase, while small, will allow us to further improve our value proposition as we continue to invest in new technologies and improved services, thereby attracting even more agents to our unique platform. .”
For more information, please visit www.fathomrealty.com.