As a RELO agent, you have two methods to earn compensation. As an overview, these are described below but this section is focused on Loan Compensation.
Loan compensation is payable on your personal mortgage customers when the transaction is completed. This compensation is a percentage rate based on the loan amount.
Recruiting (Tier) Compensation:
Recruiting compensation is earned based on the activity of the RELO agents in your downline. This compensation is dollars per loan based the agent’s tier in your downline. More on this in the next section.
|Loan Commission Rate:||50||BPS (or .5%)|
There are some loan types that are ineligible for RELO Funding. These are easy to identify and make up a small percentage of the mortgage market. Ineligible loan types;
Conventional and Jumbo loans make up the vast majority of the mortgage market (82%) and are eligible for RELO. The government loans are ineligible due to a HUD limitation on dual agency.