As REVEL breaches its 10th year anniversary in business, the onus on the improvement of systems, infrastructure and processes has become a paramount priority to continue building and accommodating the expansion of offices throughout Ontario and Canada.
From its corporate think tank, REVEL has concluded that a 100 per cent commission cap structure combined with a revenue sharing system, coined REVshare, is the next step to providing our current agents additional revenue, increased business productivity and tangible benefits from the expansion of agent referral networks. Having already added Kathleen Black coaching to supplement the REVEL ED curriculum and mentorship programs, REVEL is committed to improving the quality of business for a REVEL agent at every stage of their real estate career path.
The inspiration for REVshare
After analyzing sales data over multiple sales years set against recent market challenges and statistical fluctuations, REVEL has devised a unique agent referral system that promotes the growth of agent success and financial security by enabling alternative income streams through commission caps and agent referral bonuses.
To prepare for this new company initiative, REVEL has already issued a very competitive 100 per cent cap commission program that rewards consistent sales productivity from year to year. A commission cap, according to REVEL’s research, will motivate agents to focus on sales while inspiring them to invest their savings into their own investment and/or real estate portfolios.
A commission cap income retention system provides a purposeful, alternative, revenue-sharing foundation to build income. In this capacity, REVEL welcomes REVShare.
REVShare is an incentive-based revenue-sharing system that initiates a stream of income derived from the referral of “reputable” agents to the REVEL family. REVEL sees this program as an opportunity to strengthen an already robust mentorship program while widening the scope of the REVEL network of influence. Adding key players to the REVEL family provides additional possibilities outside of selling, introducing mentorship and leadership opportunities under the supportive umbrella of REVEL’s 27 office locations throughout Ontario.
REVShare, plucked directly from REVEL’s brand namesake, is an extension of the team principles celebrated in Revel’s mission statement. It’s designed to encourage and strengthen the connections made with reputable, cooperating agents, who may be considering joining the REVELution, or becoming a member of a progressive brokerage that’s always shifting and creating for the purpose of providing better opportunities to its agents.
Finally, REVShare is designed to motivate agents to refer fellow colleagues to REVEL for the purpose of building a network of like-minded REALTORS who are motivated to bolster business relationships while monetizing their intrinsic value, strengthening referral networks in the process. Such referral values will function with commission caps to both save and trigger income streams that can serve to fund additional real estate investments or increased retirement savings for REVEL agents.
This investment by REVEL into its agents fulfills yet another educational promise embedded in the company’s mission statement, which is to put education into practice. REVshare is a concept put into action that will strive to create sales sustainability for REVEL agents as they diversify, adapt and grow beyond current and future market challenges.
