SCOTTSDALE, Ariz., March 10, 2022 /PRNewswire-PRWeb/ -- HomeSmart Holdings announced it will provide equity to HomeSmart agents participating in its Agent Referral Program.
Under this new equity program, HomeSmart agents will be granted restricted stock units (performance awards) for every licensed real estate agent they refer to the brand, so long as the new referral remains with HomeSmart for 90 days. Referring agents will also receive performance awards for certain predetermined transaction milestones their referrals complete.
Participating HomeSmart agents can earn up to $8,350 in performance awards for each agent referral. There are no minimum transactions, extra fees or caps on individual earning potential.
"As an agent-centric brokerage founded on the principle of putting agents first, we are thrilled to provide them stock in the company they work hard for," said Matt Widdows, HomeSmart Founder and CEO. "By offering equity, both the agents and HomeSmart have shared interest in the success and growth of the company."
The program is designed to reward the agents who help HomeSmart grow. Agents can now become shareholders of the company regardless of their commission structure.
"All of us at HomeSmart are proud to offer every agent the opportunity to become a shareholder in the company," added Ashley Bowers, HomeSmart President. "Now all of our agents have the chance to participate in HomeSmart's success and be rewarded."
About HomeSmart:
HomeSmart is a revolutionary real estate enterprise powered by our proprietary end-to-end technology platform. We provide integrated real estate solutions to agents, brokerages, franchisees and, ultimately, the consumer. Our cloud-based platform empowers our users to succeed by providing a full suite of technology offerings covering nearly every aspect of the real estate transaction. The drive towards a seamless home buying and selling experience is the catalyst for our growth. Technology and automation are at the core of our DNA—grounded in fiscal responsibility and operational excellence. We have been developing our software in-house over the last 20 years and have a 100% adoption rate across our agents. Our technology platform is focused on scalability and automation to drive transaction velocity, volume, and operating leverage for our brokers, franchisees, agents and consumers. Our business model has fueled our expansion, and we have over 25,000 agents across over 200 offices, and have expanded our footprint to 49 states, including 45 states in which we operate or are licensed to operate and 4 states in which we are contracted and expect to open in 2022. According to RealTrends, HomeSmart was ranked in the top 10 residential real estate brokerages by number of transaction sides and volume in the United States in 2021.
For more information on HomeSmart International and its franchise opportunities, visit https://www.homesmart.com.
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SOURCE HomeSmart
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