How to change your commission compensation plan
Key Realty offers three commission plans:
Key 50/50: Commissions are split on a 50%/50% basis until the annual cap is met. After that, the agent will receive 100% of their commission until their cap plan resets on their next anniversary date.
Key Monthly: The agent pays monthly and in turn, receives 100% of their commissions.
Key Yearly: The agent pays their annual Key Cap in full and receives 100% of their commission until their cap plan resets on their next anniversary date.
If you would like to change your commission compensation plan please reach out to your office manager. Your office manager will send you a commission program election form to update and sign and then submit to Key Support for updating.
An agent is allowed to switch their plan once a year on their agent anniversary date. Please refer to the Agent Policy Manual section 10.2
Key Monthly Debit Returns
If the monthly debit for your Key Realty monthly fee has been returned on more than one occasion. You will be moved to the 50%/50% plan. An invoice will be created for the remaining balance of your annual fee and 50% of your commissions will be withheld until the balance is paid, then you will receive 100% of your commission for the rest of your anniversary year.
A new invoice will be created each year on your anniversary date and 50% of your commissions with be withheld until the new invoice is paid. If you have any questions, please reach out to your office manager.