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CA Exit Realty passes $250-million in residuals

Property Here - Thursday, May 30, 2013

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When Steve Morris founded Exit Realty Corp. International in 1996, he imagined a company where everyone in the corporation could get a piece of the action. Sixteen years, hundreds of offices and thousands of agents later, the company announced that it has paid out more than $250-million in single-level residuals to its associates across the continent.

Exit Realty’s business model provides a third income stream in addition to the traditional streams of taking listings and making deals. Through “sponsoring”, associates earn a 10-per-cent single-level residual based on the gross commission of those real estate agents they introduce to the company who are hired.