EXIT Realty hits another residual milestone
Steve Morris, Founder & CEO of EXIT Realty Corp. International announced yesterday that the company has reached another milestone, having now paid out over $225 Million in single-level residuals.
Founded in Canada in 1996, EXIT Realty is reinventing the real estate industry. Where agents used to be only as good as their last transaction, now they have a new income stream to bridge the gap between closings. Their retirement is secure and their families cared for. All this through a revolutionary business model called the EXIT Formula.
The EXIT Formula brings single-level residuals to the real estate industry. When a salesperson is introduced to management and recruited into EXIT, each transaction that they close generates a bonus equivalent to 10% of the gross commissions earned by the recruit, payable to the individual who sponsored them into the company. The bonus is paid via EXIT’s head office, and not subtracted from the new recruit’s commissions, and it continues perpetually for as long as the new recruit stays with EXIT and generates sales. This converts to a 7% retirement bonus and a 5% beneficiary benefit. This residual income is changing the lives of real estate agents across the continent. Read just a few of the stories: