Satellite Managing Partner Description
You have many choices when becoming an SMP. You have 5 different streams of income to choose from. You will mentor agents, set up your teams, and grow productivity! Watch our video that explains the SMP role and its benefits.
Compensation
$75,000+
This can increase based on the amount of transactions etc.
Expectations
Meet with seasoned agents and new agents each week
Have one Power Hour, Training Session or Cultural Event per week
Have a Management and Leadership meeting each week
Listen to weekly podcasts
1-on-1 with a minimum of 80% of the agents in person to increase production each month
The Five Revenue Streams
1. Percentage of Office Profit
Net Growth
Lose agents
No change
Net +1
Net +2 or more
% of Profits
20%
30%
40%
50%
If the P & L is negative for three consecutive months, that raises a red flag.
2. Base Salary By Transactions
Transactions
0-10
11-20
21-30
31+
Base Salary
$1000
$1500
$2000
$2500
This is based on the total number of transactions closed by your team in a month
You must work in the office a minimum of 30 hours per week and available for assisting agents to receive base salary and benefits. If you do not want to work 30 hours per week in the office, you can opt out of this revenue stream.
3. Your Personal Transactions
Average is $6,000 per month
4. Profit Share
You will receive 5% of company dollar of any personally recruited agent that earns commission. This is paid quarterly.
5. Mentoring Income
Receive up to half of the agent's commission on the first four deals as a Mentoring Fee
