Increase your per transaction profit TODAY!

This idea is so simple and easy to justify and can greatly increase your net profit per transaction.

Number 8 – Get paid for doing what you are already doing – administrative tasks

As the real estate broker you are required to maintain secure records of the real estate transaction for a number of years. This administrative task can be a rewarding one by ensuring that your organization receives a reasonable fee for assembling, filing and protecting the real estate transaction documents.

Document archival fees are common practice in many markets and technology such as Profit Power can ensure that the fees are properly collected from the buyer and seller and added to your revenue stream.

With NAR stating that the average company profit in a single real estate transaction is somewhere in the $100.00 range, document archival revenue can add a significant amount of ‘profit’ to the sale transaction.

Assume a $50.00 document archival fee on each side of the sale transaction. Using the NAR profit average of $100.00, an additional $50.00 increase per side is a huge increase in the company’s bottom line.

Assumptions (multiply by your actual numbers):

1 branch office
25 agents
25 transactions per month (300 sides per year)
$50.00 document archival fee per side
Result - $15,000.00 additional revenue added directly to your bottom line
Using NAR $100.00 average profit per side the $15,000.00 would be like adding 150 more sides to your transaction total for this branch office

Once again this is for a single branch office. If your firm has multiple branch offices, the results just get better. Get paid for doing what you are already doing and increase your profitability without increasing your transactions. This is just smart business!