Become a Costera Luxury Property Specialist

Option #1: Under this option only, an Agent is not billed and makes No Payments during their 12-month term. There are NO out-of-pocket expenses with this option. The Broker fee is set at 20% (80:20 split) of the Gross Commission (GC), based on a "minimum" of 2.50% commission per transaction side of the Residential Sales Price (SP). Once an Agent generates gross commissions "above" $40,000 GC, the Broker fee will automatically go from 20% (80:20 split) and be set at 10% (90:10 split) of the GC per transaction side, based on a "minimum" of 2.50% commission of the Residential SP. Agent must "exceed" $40,000 GC every year, by the last day of their Anniversary Renewal Date, in order to roll-over (and maintain) 90% (90:10 split) for their next 12-month term. If Agent does not meet $40,000 GC by the last day (the end) of their 12-month term Anniversary Renewal Date, the commission split automatically reverts to 80% (80:20 split). Every year, and regardless of an Agent's sales performance, the GC calculation will always start at $0.00 GC at the beginning (the first day) of their 12-month term Anniversary Renewal Date. NOTE: Option #1 is solely a transactional / performance-based plan and is NOT associated with the (Blue) Residential Sales Commission Plan (RSCP) chart “example” listed on this page or associated with how the other BFPO’s (Option #2, #3 or #4) are structured and/or operate.

Option #2, #3 or #4: Under these three (3) options only, the Broker fee is set at one-eighth of a percent (1/8% = 0.125%) per transaction side of the Residential Sales Price (SP), or a minimum of $625, whichever is greater. These three (3) options are billed under the following payment plan structures: Option #2: Quarterly ($480/3-months); Option #3: Semi-Annual ($720/6-months); or Option #4: Annual ($1,200/12-months). NOTE: The commission stated in the (Blue) Residential Sales Commission Plan (RSCP) chart "example" listed on this page reflects a 2.50% commission structure, based-off of the Sales Price ONLY for Options #2, #3 or #4 and is NOT associated with how Option #1 is structured and/or operates.

**Commission percentages and sales compensations may vary and are not set at a fixed percentage or dollar amount. There is no limit to the maximum commission percentage per transaction side. There are no Transaction Management System (TMS) fees associated with “residential sales” transactions, however, there are TMS fees of $100 per transaction side for “leasing” transactions and $250 per transaction side for “commercial” transactions. Also, in order to be an Associate/Broker-Associate (Agent) with Costera Luxury Properties (Broker) and qualify to receive earned commissions, referrals and bonuses as a REALTOR®, simply choose one of the four (4) 12-month term Brokerage Fee Payment Options (BFPO) listed on this page.

If you, the Agent (Scout), refer other real estate agents (Recruits) to join Costera Luxury Properties, you, as the Scout, will receive a $100 Recruiting Bonus each-and-every time one of your Recruits closes a qualified sales transaction with us!

Upon your request as a Costera Luxury Properties Sales Associate, our basic training program includes but is not limited to the following: Advertising & Marketing; Appraisals; Communications; Counter Offers & Addenda; Escrow; Disclosures; Financing & Cash Offers; Home Inspections & Reports; Home Warranty Plans; Leasing & Rentals; Listing Agreements; Listing Appointments; MLS Rules, Regulations & Ethics; Negotiations; Natural Hazard Disclosures (NHD); Online Security; Personal Safety Practices; Personal Time & Financial Management; Purchase Agreements; Risk Management; and Using Comparable Market Analysis (CMA) Reports.

Although the use of a Transaction Coordinator (TC) is highly encouraged for all Agents in Residential Sales Transactions, it is not required or mandatory to use a Transaction Coordinator for Experienced Agents who have over $2 million in proven California Residential Sales Transactions. However, Agents who have no residential sales experience or have sold less than $2 million in proven Residential Sales Transactions; or do any commercial real estate transactions are required to use a Transaction Coordinator. Please note that Costera Luxury Properties (the Broker) is not affiliated with and does not employ or refer Transaction Coordinators to manage transaction files for any of their Agents.

Typically, a TC will charge a transaction coordination fee for their services of approximately $400 to $600 per transaction side. Additionally, all TC fees are the responsibility of the Agent, not the Broker, and are to be paid through escrow once the transaction is closed and complete. 

Agents who have no residential sales experience or have sold less than $2 million in proven Residential Sales Transactions (RST) must pay the Broker a one-time only New Licensee Supplemental (NLS) fee of $2,500 on their first sales transaction. The NLS fee is used to recover the Company's costs associated with, but not limited to, the Broker's time involved with training and mentoring licensed agents with little to no California residential sales experience as a REALTOR®. The NLS fee applies to all four (4) 12-month term BFPO’s.