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A north Brisbane agent will earn 100 per cent commission on all property sales over the next nine months after reaching @realty’s full commission threshold in just 12 weeks.
REB reported on @realty’s new earnings scheme back in June which sees agents who have paid $20,000 in service fees through their standard commission become eligible to retain 100 per cent of the commission earned on any further deals, minus an administration fee.
Patrick D’Arrigo has been the first @realty agent to reach the milestone, thanks to his work around Albany Creek and Warner.
According to a statement from the agency, Mr D’Arrigo has sold 24 properties in the past three months, with properties generally priced around the $550,000 to $650,000 bracket — netting him @realty’s first recipient of the “Allstar Award”.
According to @realty director JJ Taylor, the Brisbane agent’s achievement shows 100 per cent commission “is within reach for all agents”.
“Patrick has done a fantastic job in reaching full commission within just 12 weeks,” he said.
“He didn’t have to sell multimillion properties to hit the target — the majority were average family homes.”
A “relatively buoyant market” and the commission structure enabled Mr D’Arrigo to get ahead, with the agent reflecting: “I previously worked for a big-brand agency and there wasn’t really any incentive or reward for agents who went the extra mile for their clients and the brand.”
While he was already taking home a 93 per cent commission, he commented that “the opportunity to take home full commission for the next nine months of the financial year is the icing on the cake”.
Especially considering “the market in North Brisbane is still going strong”.
Mr D’Arrigo said there’s plenty of activity in the local market, “especially from first-time buyers taking advantage of current low interest rates and incentives”.
ABOUT THE AUTHOR
Grace Ormsby
Grace is a journalist across Momentum property and investment brands. Grace joined Momentum Media in 2018, bringing with her a Bachelor of Laws and a Bachelor of Communication (Journalism) from the University of Newcastle. She’s passionate about delivering easy to digest information and content relevant to her key audiences and stakeholders.
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