Frequently asked questions

Real Brokerage (NASDAQ: REAX) is a publicly traded real estate brokerage built on technology instead of offices. Founded in 2014, Real has more than 35,000 agents in all 50 US states and 6 Canadian provinces. Agents keep 85% of each commission until they reach their annual cap: $12,000 USD in the US, $15,000 CAD in Canada. After that, they keep 100%, minus small per-deal fees. There are no monthly fees.

More than 35,000 as of June 2026, across the US and Canada. Real is one of the fastest-growing brokerages in North America and ranks in the top five US brokerages by sales volume.

Yes. Real operates in six Canadian provinces: Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and New Brunswick. Canadian agents get the same platform and revenue share program, with amounts set in Canadian dollars. The Real in Canada section on this page has the Canadian cap, the full Canadian fee schedule, and how revenue share and stock work for Canadian agents.

Yes. Real Brokerage is a publicly traded company on the NASDAQ (ticker: REAX), regulated by state real estate commissions in every state where it operates. It is a licensed brokerage in all 50 states and several Canadian provinces.

Real keeps 15% of each commission until an agent reaches their $12,000 yearly cap. That is Real's main income. About 99% of Real's revenue comes from commissions. Real also charges a $900 yearly brokerage fee, a $50 compliance review fee per transaction, and a post-cap transaction fee. And Real earns money from One Real Title, One Real Mortgage, and Real Wallet. In 2025, Real's revenue was $2.0 billion. One more thing worth knowing: the revenue share Real pays to agents comes out of Real's 15%, not out of the producing agent's check. The fee figures in this answer are US. See the Real in Canada section for the Canadian schedule.

Real's main platform is reZEN. It runs your whole transaction from contract to getting paid, on your phone. Leo, Real's AI assistant, answers questions and handles busywork. Real Wallet gives agents business checking and access to credit based on their production. Real was built as a technology company from day one and keeps investing in AI.

$15,000 CAD. That is different from the US cap of $12,000 USD, and it is the number most Canadian agents see quoted wrong. Real takes 15% of each commission until you reach it, then you keep 100%, minus a per-transaction fee. Team members on a ProTeam can be on a reduced cap of $7,500 CAD, or $5,000 CAD for teams of at least 12 agents with more than $100 million in closed volume in the prior 12 months. The cap runs on your own anniversary year, not the calendar year. Your Anniversary Date is the first day of the month after you finish onboarding and transfer your licence, and if your join date falls on the first of a month, that day becomes your Anniversary Date. Your contributions reset to zero on that date each year. Real does not publish any proration for a mid-year join, and your cap at a previous brokerage does not carry over. Real does say it can work with you to time your onboarding date, which matters if you are moving a team.

In Canadian dollars: $249 to sign up, once. A 15% company split until you reach your $15,000 cap. A $1,200 annual brokerage and risk management fee, taken from your first three transactions each anniversary year. A $40 compliance and broker review fee per transaction. After capping, $375 per sale or 15% less the team split, whichever is less, and $125 per lease. Eligible Elite agents pay $150 per sale. Personal transactions are $275, up to three per anniversary year. Revenue share participation is $175 per year plus 1.2% processing. There are no monthly fees, no desk fees, and no franchise fees. Real has published no matching Canadian increase to the $1,200 annual brokerage and risk management fee or the $40 compliance and broker review fee. Ask Real directly, and ask for the Canadian Independent Contractor Agreement while you are at it, since Real does not publish it.

The same five tiers as the US: 5%, 4%, 3%, 2% and 1% of the gross commission income of agents in your network. It is paid out of Real's 15% company split, never out of the producing agent's cheque, which Real confirms in its SEC filings. To stay eligible in Canada you need $650 CAD in splits or post-cap fees every rolling six months. There is a $175 annual participation fee and a 1.2% processing fee. Real publishes $4,000, $3,200, $2,400, $1,600 and $800 CAD as the per-agent annual maximums for Tiers 1 through 5. Worth knowing: those are the same figures Real prints on its US page, even though the Canadian cap is higher. Capping in Canada takes about $100,000 CAD in gross commission income, and 5% of that would be $5,000, not $4,000. The $4,000 is a real published ceiling rather than an error, so plan around it. Real also caps total revenue share payouts at 60% of the company split in any month and reduces every agent's payment proportionally if a month would exceed that.

Yes, individually, and it cannot be undone. Each agent selects their sponsor at Step 2 of their own application, before signing the Independent Contractor Agreement, and the selection carries into their Sponsorship Addendum. Real will not change it for any reason, including a divorce or an agent leaving a team. The one narrow exception is that if an agent's sponsor leaves Real on or after August 14, 2025, that agent may name a new co-sponsor. There is no bulk or team transfer mechanism. If one agent mistypes it or leaves it blank, that agent and their entire future downline sit permanently outside your network. If you are moving a team, have someone check every application before it is submitted. You are allowed to sponsor your own team members. Real's Agent Attraction Code of Conduct permits a team leader of an approved team to offer value-add incentives to all members of the team, provided members give value back through a split or a fee.

Canadian agents are eligible for every programme. On the $15,000 CAD cap: 150 shares for capping and 75 shares for attracting an agent who closes a first sale with $2,000 or more in gross commission income. On the $7,500 team member cap those drop to 75 and 35 shares. The Elite Production Award is $15,000 CAD for an agent who qualifies for Elite, plus a separate $8,000 Cultural Award for approved contributions to the wider Real agent population after achieving Elite status. Awards vest over three years. The Stock Purchase Plan lets you buy REAX with 5% of net commission before capping and 10% after, with a bonus of 10% and 15% respectively, vesting in one year. One Canadian-specific note: your contributions convert to US dollars at month end before the award is calculated, so you carry the exchange rate.

Shares you bought yourself through the Stock Purchase Plan are yours to keep, after the one-year vest. Every unvested bonus or award share is forfeited, including capping, attracting, Elite production and Elite culture awards. Revenue share stops the day you leave: your profile and your sponsor role deactivate, and there is no continuation, portability or vesting. Real Retirement lets you stop producing and keep collecting, but it requires five consecutive producing years with no breaks and an active licence that stays affiliated with Real. After three full calendar years you can name a beneficiary who continues receiving payments after your death, though Real does not publish how long those payments run. Ask every brokerage the same four questions in writing: does revenue share continue after I leave, is there a vesting period, is it willable to my heirs, and what exactly triggers forfeiture.

Yes. Real has three team types in Canada. A Domestic Team is a maximum of two people sharing one $15,000 CAD cap. A ProTeam needs at least two agents and $5 million in closed volume over the trailing 12 months, a signed team addendum, and a minimum 10% split to the team leader. Member caps are $15,000, $7,500, or $5,000 CAD, the last requiring at least 12 agents and more than $100 million in prior-year closed volume. A Marketing Group shares a brand name only, with every member on their own $15,000 cap. You set your own team split above the 10% floor, and you can set an optional Team Cap after which you stop charging a member their split. You keep your brand and co-brand with Real.

Real operates in Ontario, British Columbia, Alberta, Saskatchewan, Manitoba and New Brunswick. In BC, Real runs seven regional branches with their own BCFSA brokerage IDs, covering Victoria, Vancouver, Surrey and the Fraser Valley, the Interior, Vancouver Island, the North and the Sunshine Coast. BC requires every brokerage to have a managing broker, and each licensee is licensed to a single brokerage, so a team moves together or it splits. If you are moving a team, it is fair to ask any brokerage how many managing brokers sit across their BC operation, because BC law provides that if the licence of the only managing broker becomes inoperative, so do the licences of everyone under it.

More than most agents expect. In British Columbia, the BCFSA licence is $1,450 for a two-year period, roughly $725 a year, and your mandatory errors and omissions insurance, $2 million of coverage at $250 a year, is collected inside that licence fee through the Real Estate Errors and Omissions Insurance Corporation. The Real Estate Compensation Fund contribution has been suspended since April 2023. National CREA dues are $310 a year and BCREA dues are $204. Local board dues are on top, and Greater Vancouver is $750. That is roughly $2,000 a year that does not change by moving brokerage. The only regulatory cost of the move itself is the $250 BCFSA licence transfer fee. Any brokerage telling you they cover your E&O in BC is largely describing something the province already mandates. The better question is what their risk management fee buys on top of it.

More than we would like, and you should know it before you sign anything. The Canadian Independent Contractor Agreement and Addenda are not public. Neither is the Canadian policies and procedures manual, so the wording on things like written broker approval for commercial transactions is only available in the US version. Real publishes no proration rule for a mid-year join, no Canadian guidance on how the CRA treats these stock awards, and no stated duration for willable revenue share payments. Ask for each of these in writing. A brokerage that will hand them over is telling you something, and so is one that will not.

Three things, and none of them was the split. Compliance. Too many good operators get hurt by back-office and liability problems that have nothing to do with how well they sell. Real carries the compliance, the auditing, the E&O, the disbursements and the broker supervision as the company's problem rather than the agent's. Durability. Real is publicly traded and files quarterly, and it was built as a technology company rather than a franchise with a technology department. One platform runs the transaction end to end. If you are attaching the next twenty years of your business to a company, being able to read its numbers matters. Culture. This is the one that decided it for most of us. Plenty of brokerages have a culture that is a slogan on a wall. What we cared about was whether people get treated well, whether help goes both ways, and whether standards are real. Real attracted the kind of operators we wanted to be around. That sounds soft until you try to build a team without it.

More than almost anything else about the decision. There is a principle that holds across network businesses: the top third takes roughly two thirds of the economics. Position matters more than participation. Which turns the whole question into one thing: in whatever network you join, can you still get into the top third? That is arithmetic, not opinion. To land in the top third of a network, that network broadly has to triple from wherever it is when you arrive. A network already at 90,000 agents has to reach 270,000. A network at 200,000 has to reach 600,000. Real is at more than 35,000 today, so it has to reach about 100,000. We are not going to tell you what another company can or cannot do. We will tell you which of those numbers our members were willing to bet the next twenty years on, and it was the smallest one.

Judge it yourself, and you can, because Real is a public company and the numbers are in the filings rather than in a recruiter's deck. Real passed 35,000 agents in June 2026, having added more than 3,200 in the first half of that year and grown from roughly 20,000 at the start of 2024. Tripling from 35,000 is a continuation of what the company is already doing. Tripling from 90,000 or 200,000 is a different kind of claim. Run the same arithmetic on anyone else you are considering. What is their agent count today, what was it two years ago, and what would it have to be for someone joining this month to land in the top third? Then decide which of those futures you actually believe.

No, and this is the part that matters most. Being early only pays if the people you bring in actually grow. A network of agents who joined and then stalled is worth nothing to anyone, including them. Revenue share is not a finder's fee. It is a share of what the people around you produce, which means your income is tied to whether they get better. That is why Real Edge Network exists rather than people just sponsoring agents and moving on: shared tools, training, community, and someone who answers when a deal is on the line. The timing argument gets you into the right position. What you do with the position is a different job, and it is the one we are actually interested in. Reach out to whoever sent you this page and ask them to show you exactly what that support looks like before you decide anything.

Real uses an 85/15 split until you reach your cap, which is $12,000 USD in the US and $15,000 CAD in Canada. That is your cap. After that, you keep 100%. In the US, post-cap sales carry a $285 transaction fee or 15% of the commission, whichever is less, and leases are $125 or 15%, whichever is less. Eligible US Elite agents pay $100 per sale. In Canada, standard post-cap sales are $375 CAD or 15%, whichever is less, and eligible Canadian Elite agents pay $150 CAD per sale. There are two ways to reach Elite: (1) reach a full cap, then generate $6,000 USD or $9,000 CAD in post-cap fees, or (2) close $500,000+ in GCI with at least 10 sales of $1 million or more, receiving at least half the commission on each. Learn more at realedgenetwork.com/elite-agent-award.

Source: Real's official documentation

No. There are no monthly fees, desk fees, or royalty fees. The real costs are simple: 15% of each commission until you reach your $12,000 cap, a $900 yearly brokerage fee taken from your first three transactions each year, and a $50 compliance review fee on each transaction. Those figures are US dollars. In Canada the annual brokerage and risk management fee is $1,200 CAD and the compliance review fee is $40 CAD per transaction.

Source: Real's official documentation

$249, paid once when you join.

Real is a cloud-based brokerage, so most agents and teams operate without a traditional office requirement. Whether you open and maintain your own office is generally your business decision, subject to Real's policies, state rules, and any branding or compliance requirements that apply in your market.

Real provides E&O (Errors & Omissions) insurance for all agents as part of the brokerage. Thirteen states also require agents to carry their own individual E&O policy: AK, CO, ID, IA, KY, LA, MS, NE, NM, ND, SD, TN, WY. In those states, Real's coverage sits on top as extra protection.

Source: Real's official documentation

Yes. Real offers stock awards to qualifying agents through several programs, including awards for capping, attracting agents, and other milestones. These awards are in Real Brokerage stock (REAX) and vest over time.

Real Brokerage offers equity awards through its agent stock ownership programs. Agents can earn REAX stock for milestones such as capping for the first time, attracting agents who cap, and participating in the Elite Agent program. Awards are issued as restricted stock units (RSUs) that vest over time. This is a meaningful differentiator from most traditional brokerages, which offer no equity participation to agents.

Yes. Real has three team types. A Domestic Team is two agents, like spouses, who share one $12,000 cap. A ProTeam is a formal team: the leader needs $5 million in closed volume over the past 12 months, a team agreement is signed, and the leader sets each member's split (at least 10% goes to the leader). ProTeam members get reduced caps of $6,000, or $4,000 on large teams with 12+ agents and $100 million in yearly production. A Marketing Group shares a brand name only; every member keeps their own full $12,000 cap. Team leaders can also build revenue share networks that include their members.

Source: Real's official documentation

Beyond the 85/15 split and annual cap, agents at Real have two more income paths. First, stock: qualifying Elite agents receive a $12,000 USD Production Award in the US or a $15,000 CAD Production Award in Canada, plus may be eligible for a separate $8,000 Cultural Award after approved contributions to the wider Real agent population. There are two ways to qualify for the Production Award: reach a full cap and generate $6,000 USD or $9,000 CAD in post-cap fees, or close $500,000+ in GCI with 10 or more sales of $1 million or more, receiving at least half the commission on each. Grants vest over three years. Agents also earn stock for capping and can buy REAX stock at a bonus through the stock purchase plan. Second, revenue share: Real pays a percentage of the gross commission income of agents you attract, across five tiers. Many team leaders and former broker owners find their brand and relationships make them naturals at building long-term revenue share income. Explore both at realedgenetwork.com/elite-agent-award and realedgenetwork.com/revenue-share.

Real has more than 35,000 agents in all 50 states and 6 Canadian provinces. If your client needs help in another market, refer them to a Real agent there. You sign a short referral agreement. The receiving agent adds you to the transaction in reZEN, and the system creates your referral record automatically. When the deal closes, the fee flows through the brokerage and Real pays you. Referrals to agents outside Real work too: you create the referral in reZEN and Real handles the paperwork and payment.

Yes. Referral checks are treated like normal commission. Real keeps 15% until you cap, and that counts toward your $12,000 cap. After you cap, you pay the post-cap fee or 15%, whichever is less.

Yes. Real is licensed in all 50 states, so you can hold licenses in several of them and keep everything under one agreement with one brokerage. And you have one cap nationwide: your $12,000 cap covers all your states, not a separate cap in each one. Each state has its own licensing steps and costs on the state side. Ask us and we will map it out for your exact states.

You have two clean paths. Path 1: get licensed in that state too, and keep working under your Real agreement. Path 2: refer the client to a local agent, ideally a Real agent, and earn a referral fee. Some states also let out-of-state brokers partner with a local broker on commercial deals, but every state sets its own rules and some do not allow it at all. Florida, for example, has no partner path, so for a Florida property you either hold a Florida license or refer. Check the state's rules before you act. This is general information, not legal advice.

Yes. Real has a referral-only option called Real Select, available in most states including Texas and Florida. You keep your license active, skip MLS and board memberships, and earn referral fees through Real under the same 85/15 split.

Not yet. Real has said it is building one and hopes to launch when the pieces are in place. Today there is no separate commercial brand at Real, no commercial data tools, and no commercial division leadership. What Real does have today: strong economics on commercial checks, one platform licensed in all 50 states, and a 35,000+ agent network for referrals. If you are a commercial broker weighing Real, we will give you the honest picture, including what is missing, before you decide anything.

Source: Real's official documentation

Yes. Commercial deals run on the same platform with the same split and cap as every other deal. One extra step: Real's policy manual requires written approval from your state broker before taking on a commercial transaction. If commercial is your full-time business, talk with Real and with us about how that works in practice before you move.

The same way as everyone: 85/15 until you have paid Real $12,000 in your year, then 100%. Real's 15% split never takes more than $12,000 in a year. On commercial checks, that math is the story. One good commercial closing can cap you. After that, each sale costs a transaction fee of $285 or 15%, whichever is less, plus a $40 compliance review fee ($50 starting September 1, 2026). Leases post-cap are $125 or 15%, whichever is less. Commercial agents earn the same stock awards and revenue share as everyone else. Compare that to a traditional commercial house split on a large check.

In April 2026, Real announced a deal to buy RE/MAX for about $880 million. Shareholders vote on August 14, 2026, and the deal is expected to close in the second half of 2026. RE/MAX would keep running as a franchise brand, which includes the RE/MAX Commercial network. Real has not announced any plan to connect RE/MAX Commercial to Real's platform. We will update this answer as facts change.

Source: Real's official documentation

The application itself takes about 15 to 20 minutes. Approval typically takes 1 to 3 business days. License transfer timing varies by state, but most agents complete the full transition within 1 to 2 weeks of starting the application.

That depends on your listing agreements and your current broker's policies. Listings are signed with the brokerage, not the agent. Many brokers will release listings so they move with you. Some keep them until they close. Review this before you resign, and time your move around it. Your sponsor should help you think this through.

Pending transactions can typically be completed under your current brokerage before you transfer. Your sponsor will help you time the move to minimize any complications.

Only if you tell them, which you should. A professional communication to your database about your move reinforces your credibility and keeps your clients informed. Most clients don't care which brokerage you're at; they care about you.

Requirements vary by state and your current brokerage's policies. In most cases, you can transfer your license without a notice period, but it's worth reviewing your current agreement. Your sponsor can help you navigate this.

Real Edge Network (REN) is a network of agents within Real Brokerage focused on supporting each other's growth. REN members have access to shared tools, resources, and community, built to help agents get the most out of the Real platform from day one.

Joining Real directly gives you the platform. Joining through REN gives you the platform plus a structured support system: proven tools and resources, a transition plan, and a community of agents invested in your success. The sponsor you choose determines what kind of support you get after you join.

Your sponsor is the agent who refers you to Real. They have a direct interest in your success because your production contributes to their revenue share. A good sponsor provides onboarding support, answers questions, and helps you get set up for success. Sponsor choice is permanent, you can't change it after you join.

Yes. If you have a friend, colleague, or team member already at Real, you can name them as your sponsor.

Revenue share is income paid to you based on the gross commission income (GCI) of agents you attract to Real. Real pays 5% on Tier 1 (agents you directly attract), 4% on Tier 2, 3% on Tier 3, 2% on Tier 4, and 1% on Tier 5, up to a per-agent annual maximum at each tier.

Real caps the revenue share earned per agent per year at each tier. The per-agent annual maximum is approximately $4,000 at Tier 1, $3,200 at Tier 2, $2,400 at Tier 3, $1,600 at Tier 4, and $800 at Tier 5. These caps apply per individual agent in your network. There is no cap on how many agents you can have in your network or on your total annual revenue share income.

Source: Real's official documentation

KW's profit share is paid from the office's profit, which depends on the market center's expenses and profitability. Real's revenue share is paid from the gross commission income of agents you attract, nationally, not subject to local office overhead. This makes it more predictable and transparent.

No. Revenue share depends on the production of agents in your network. If they don't produce, you don't earn. It requires building a network of producing agents over time. It is not passive income that appears automatically.

Yes. Once you have been with Real for three full calendar years, you can name a beneficiary for your revenue share. The income stream you built can pass to your family. State rules and program terms apply, so ask for the current details before counting on specifics.

Source: Real's official documentation