Real Brokerage pros and cons

• A clear split and cap. You keep 85% until you pay $12,000 in company split, which happens at $80,000 in gross commission. Team members can have a $6,000 or $4,000 cap.
• No monthly fee. Real's US fee schedule lists no monthly fee.
• A flat fee after cap. Once you cap you pay $285 per sale, or $100 if you reach Elite.
• Stock options. You can put part of each commission into Real stock with bonus shares, and you can earn stock awards for capping and Elite status.
• Revenue share is paid by Real. It comes out of Real's 15%, not out of the sponsored agent's commission.
• Work from anywhere. Real is a digital brokerage, so your business isn't tied to an office.
• Team options. ProTeams can set their own team split and team cap inside Real's rules.
• A public company. Real's parent reports results to the SEC, so its size and finances are on the record.

• Fees don't stop at cap. You still pay $285 per sale after cap, plus the $50 CBR fee on each deal and the $900 yearly brokerage fee.
• Fees can change. Real can update its fees and policies at any time, and it last updated its main US fee articles on August 31, 2026. Check them again before you join.
• No office in most places. If you want a desk, a conference room or a broker down the hall, that isn't the model.
• Your sponsor is permanent. Once you sign your agreement, you can't change your sponsor.
• Revenue share has rules. It isn't guaranteed, it stops when the sponsored agent caps, the total pool is limited to 60% of monthly revenue, you need to stay a producing agent, there are fees on payouts, and you need a Real Wallet account to receive it.
• Stock awards vest. Capping and attraction awards vest over 3 years. Leave before then and you don't own them outright.
• Team splits can keep going. On a team, your split to the leader can continue after you cap unless the leader sets a team cap.
• You pay your own MLS and board dues. Real doesn't cover the cost to join a board, association or MLS.
• A big corporate change. Real and RE/MAX combined under one parent in August 2026. The company's own filings list integration and agent retention as risks.

Agents who work mostly from home and the field, want to see their costs in writing, and like the idea of owning some company stock tend to fit Real's model. Agents who want a local office, a lot of in-person hand holding, or an all-inclusive monthly plan may be happier somewhere else. Run your own numbers first.

Real calculator · Fees and split · Revenue share basics