CAPITAL REALTY FAQ's
ABOUT US OVERVIEW YOUR PROFIT JOIN
Q: How do I go about switching my license over to Capital Realty?
A: Just complete the following:
1. Email Capital Realty at Capitalrealty@cox.net, or call (760)294-4444, or click HERE and print the Affiliation Request Form, fill it out and fax it to (760)690-3852.
2. Capital Realty will then email you an "Affiliation Package" which includes an Independent Contractor Agreement for you to print out, complete, and sign, and send back to us along with your original DRE license (DRE regulations require your broker to have an Independent Contractor Agreement and your original DRE license on file in our office).
3. Then, log onto the DRE website at www.dre.ca.gov to change your license over to Capital Realty California Corporation (license #01523387) using their e-licensing format. We do it paperlessly this way because it is much faster and automatic than filling out and mailing in the paper change form. After you have applied for your change of broker, DRE will send an email to Capital Realty notifying us that you have applied to hang your license with us, and then Capital Realty will certify your affiliation in order to complete the switch with the DRE.
4. If you belong to an association or MLS, you will want to transfer your broker affiliation with them also. Click HERE to find your association or MLS and complete their transfer form, then fax it to us for signature, and we will then fax the completed form to your association to complete the transfer with them.
Whala! Easy as that!
Q:Why should I join Capital Realty?
A: Its pretty simple--for more money, and more freedom.
Q: What will it cost to join Capital Realty?
A: It costs you absolutely NOTHING to start--no start-up fees, no prepaid E&O Insurance, NOTHING.--After all, you're in business to make money, not spend money.
Q: What Does E&O Insurance Cost?
A: Only $140 per closed transaction.
Q: Seriously. Are there any other costs, hidden fees, etc?
A: Nope.
Q: Can I transact commercial properties with Capital Realty?
A: Yes.
Q: Is there a minimum quota at Capital Realty?
A: No. There is no cost associated with having your license at Capital Realty, so if you want to work part time or you go through a long period without any sales, no problem. That's what independence is all about.
Q: How much can I anticipate to net per closed transaction?
A: After your commission split (OR $595 minimum) and $140 E&O insurance contribution, the rest of the commission is yours--after all, you did the work, didn't you?
Q: How fast do I get paid when I close an escrow?
A: Immediately. You may get paid right out of escrow.
Q: Can I negotiate my commissions with clients?
A: Yes. You are free to set your own sales commissions, as low or as high as you want. There are no minimum commission requirements, which allows you to compete better with discount brokerages. And since you're making such a high commission split, you're alot better equipped to compete. In fact, agents working for high costs brokerages just can't compete with us.
Q: Do I have to notify my soon-to-be former broker that I'm leaving?
A: You do NOT have to notify your former broker you are leaving. This eliminates the chances that your former broker will suddenly freeze your commissions, and we recommend not saying anything until you've been paid out.
Q: Does my former broker need to sign the "Salespersons Change Application" to release me to affiliate with Capital Realty?
A: You do NOT have to get your current broker to sign any paperwork to "release" you. When you go online to www.DRE.CA.GOV and change your affiliation to Capital Realty (lic#01256124), we then affirm your affiliation with us online, and your license is immediately changed to Capital Realty with the DRE, displacing your old broker automatically.
Q: Does the DRE notify my soon-to-be former broker that I've left?
A: No. The only way your soon-to-be former broker would know you're changing is if your broker checked the DRE website every day for the next 4-8 weeks to check your status. Very unlikely.
Q: When can I begin doing transactions under Capital Realty? And what if I have transactions in my pipeline with my former broker? What's the best way to transition so I don't have a 2 month gap in income?
A: As soon as you make the change online with the DRE, and we affirm it, you can originate NEW transactions with Capital Realty (while simultaneously closing out your pipeline at your former broker. This is within DRE regulations and designed this way so you don't go 2-3 months without a paycheck.)
Q:Do I need a Broker's license to join Capital Realty?
A: No. A valid California Real Estate Salesperson's (agent's) license is sufficient. You can also join our team as a Broker Associate
Q: How can I obtain a real estate License, if I'm not already licensed?
A: Go to Duane Gomer Schools or Allied Schools.
Can I open a Capital Realty Branch Office in my area?
A: Of course. Please inquire for details.
Where can I get signs or business cards?
A: Affiliates use Capital Realty's trademark name and logo on all promotional marketing materials. This includes business cards, yard signs, car door magnets, etc. Cost for business cards is only $35 per 1,000. Yard signs cost around $65 or less, with volume discounts.
Can I use a local source for business cards, business signs, etc?
A: Yes. As long as your marketing materials have Capital Realty's trademark logo, you are free to get them where you choose. The vendors we have chosen have a template of our logo already set up, and we have negotiated discounts, so you will probably find that you can get them cheaper here. However, if you want to get them made elsewhere, simply bring them the Capital Realty Logo on disk, or email it to them.
Am I free to use any lender, title company, escrow company, or other settlement service provider in my transactions?
Yes. You're free to select or recommend services that are most suitable to your clients' needs.
Q: Does it matter where my home base is?
A: Yes, at this time we are only accepting agents that are operating in San Diego, Orange, and Riverside counties.
Q: What about Board of Realtor membership and MLS Access?
A: Capital Realty is a member of the C.A.R. , N.A.R and regional associations and MLS's. If we are not a member of your board and it is cost beneficial, we may become a member. Our affiliates access their local MLS individually. Please inquire with your local Board of Realtors about MLS access and/or membership costs, dues and requirements.
Q: How do I get broker support?
A: Broker assistance is provided via e-mail at Capitalrealty@cox.net ,or by calling (760)294-4444
Q: Can I get Legal Support When Needed?
A: As members of C.A.R. we're entitled to receive legal advice as part of our membership benefits. Please visit www.car.org for more information on that topic.
Your local Board of Realtors also provides mediation/arbitration services as part of their membership benefits, as well as continuing education classes on current legal topics or issues.
Q: What forms do you use?
A: Standard C.A.R. approved forms. You may obtain them at your local Board of Realtors' office or download them directly from www.winforms.com. In order to minimize administrative costs, Capital Realty does not sell forms or supplies. Note: C.A.R. forms are provided at no additional cost as part of your C.A.R. membership benefits.
Q: Do you provide office space or a conference room?
A: No. Our affiliates operate from home offices or business offices of their choosing in different locations. At Capital Realty, we feel that paying for a flashy office is not needed to be successful in real estate, and this also allows for much higher commissions to go to you. If you feel you need a business office or conference room, consider opening up a Capital Realty branch office yourself.
Q: Is Capital Realty's Program suitable for me?
A: If you want to be more profitable and have more freedom, you will probably find that Capital Realty is for you.
