Real Brokerage · New Braunfels, Texas
Curious about Real? See the numbers.
I'm Allen Corona. Five years in real estate, at Real since December 2023, a New Braunfels office, and a network of 43 agents who found me on their own. If you're weighing brokerages, I put the split, the cap, the fees and the stock side by side against four others. No pitch deck. Just the table.
The comparison
Five cloud brokerages. One table.
These are the numbers I pulled when I compared the models myself. Real sits in the highlighted column. Read across, not just down.
| eXp Realty | Real Broker | LPT Realty | Epique Realty | ROA | |
|---|---|---|---|---|---|
| Split | 80/20 | 85/15 | 80/20 or $500 flat | 85/15 | 85/1560/40 for new agents |
| Annual cap | $16,000 | $12,000 | $15,000 or $5,000 | $15,000declining | $14,000 |
| Monthly fee | $85 | $0$900 annual fee, paid $300 at each of your first 3 closings | $0 | $99 to $149 | $0 |
| Startup fee | $149 | $249 | $0 | $99 | $0$750 tech fee split |
| Rev share | 7 tiers | 5 tiers | 7 tiers | 5 tiers | Infinite tiers |
| Stock | EXPIpublic | REAXpublic | Private | Private | Private |
| Perks | – | reZEN, Leo, Leo 2.0Real's platform and AI tools | – | Free carwashes, listing sign setups | – |
| Commission to cap | $80,000 | $80,000 | $75,000 | $100,000 | $93,333 |
Commission to cap is the total commission (GCI) you earn before you stop paying the brokerage its split. I worked it out as cap divided by the brokerage's share, using the higher cap option where a brokerage offers two, and the 85/15 split for ROA. A dash means I did not compare that item, not that the brokerage has none. Swipe the table sideways on your phone.
Most you pay the brokerage in splits each year
The annual cap, drawn to scale.
Why agents look at Real
What the model actually gives you.
A low, flat cost to operate
No monthly fee. Once you hit the $12,000 cap, you keep the rest of your commission for the year, minus $285 plus $50 E&O per deal. Hit Elite Agent and that $285 drops to $100.
Stock you can earn
Real is publicly traded as REAX. Hit Elite Agent and Real gives back $12,000 in REAX stock, the full cap. Help train other agents and you can earn another $8,000 in stock through the culture award. You can also buy stock through a company match program. Stock can go up or down, so treat it as a bonus, not a paycheck.
Revenue share across 5 tiers
When agents you bring in close deals, you can earn a share of the company dollars. It rewards helping people, not just recruiting them.
Built in
The tools that come with Real.
reZEN
Real's own platform for running your business. Transactions, commission tracking, cap status, revenue share and stock award status all live in one place, and it works as a mobile app.
Leo
An AI assistant built into reZEN. It can check transaction documents for errors, break down your commission after closing, and write branded social posts from MLS data. Voice works too.
Leo 2.0 Beta
The next step for Leo. It's built to handle lead follow up, marketing and back office work for you. It's in beta and rolling out in stages, so ask me where it stands today.
Read this part too
What the table leaves out.
- $0 a month is not $0 in fees. It's 85/15 until you cap at $12,000. After that, each transaction is $285 plus $50 for E&O, and once you hit Elite Agent the $285 drops to $100. There's a $900 annual fee, paid $300 at each of your first three closings. No sale, no charge, and it doesn't roll over to the next year. There's also a one time $249 sign up fee.
- Caps and splits change. Brokerages update their plans. My numbers were gathered in early 2026, so check each company's current plan before you decide.
- Your production matters more than the logo. A cap only helps if you close enough deals to use it. I'm happy to run your real numbers against each model.
Who you'd be talking to
A working agent, not a recruiter.
I sell homes in New Braunfels and San Antonio. Agents reach out to me about Real, so I keep the answers honest, including when Real isn't the best fit for you.
Next step
Want the real answer? Ask me.
Tell me what you close today and what you pay now. I'll show you what it looks like at Real, and at the other four, with your own numbers.
Email Allen