Clockhouse Realty is an exceptional place to begin, continue, and build a career. It is an innovative virtual real estate brokerage. At Clockhouse, we know what it takes to be successful in this industry and we want you to be successful too!

What We Offer Our Agents

• 90% – 100% Commission Split
• No Desk Fees
• No Broker Review Fees
• No Monthly Fees
• Opcity Lead Partnership
• Professional Support
• Knox Training On-Demand
• Transaction Training
• Real Estate Forms
  
• ZipLogix Access
• MLS Access
  
• Personalized Website
• CRM Platform
• E & O Insurance Coverage

Frequently Asked Questions

Does Clockhouse Realty actually pay their agents 90% commission?

• Yes. Each agent that works at Clockhouse Realty starts out earning 90% commission regardless of their experience and/or production level.

Does Clockhouse Realty provide the opportunity to earn 100% commission?

• Yes. Every agent starts out earning 90% commission; but once they earn $6,000 in company-side commission, they cap out and will start earning 100% commission on every deal they close after that.
• The commission cap resets every calendar year on December 31st.
• Once an agent reaches $6,000 in company-side commission, Clockhouse Realty deducts $250 per transaction as an administrative fee along with the standard $25 risk management fee (per transaction) and $5 direct deposit ACH transfer fee (per transaction). Prior to the commission cap being reached, there is no administrative fee deducted from commissions.

Does Clockhouse Realty have a physical office location?

• No. Clockhouse Realty does not have a physical location. The office is no longer necessary to conduct business as every agent is conducting business via email, text, and mobile apps nowadays through their phone, computer, and/or tablet. By not having an office, Clockhouse Realty is able to pay their agents 90% commission.

Does Clockhouse Realty provide marketing materials for their agents?

• No. Each agent is responsible for their own marketing. By being compensated at 90% commission, each agent can market themselves due to the higher commission split compared to competitive brokerages offering lower commission splits and having to market on behalf of the agent.

Does Clockhouse Realty allow for team building?

• Yes. If you are joining Clockhouse Realty with a team, or want to form/build a team while working at Clockhouse Realty, the following rules apply:
  • All team leaders and team members are on a 90/10 commission split. The team has a collective commission cap of $12,000 before the team can begin to earn 100% commission.
  • The collective team commission cap remains the same regardless of the number of team members (i.e. 2 members, 15 members, etc.).
  • The commission cap resets every calendar year on December 31st.
  • Once a team reaches $12,000 in company-side commission, Clockhouse Realty deducts $250 per transaction as an administrative fee along with the standard $25 risk management fee (per transaction) and $5 direct deposit ACH transfer fee (per transaction). Prior to the team commission cap being reached, there is no administrative fee deducted from commissions.

Does Clockhouse Realty offer stock options?

• No. Clockhouse Realty does not offer stock options.

Does Clockhouse Realty provide free access to the MLS?

• No. Each agent is responsible for paying the monthly (or quarterly) amount for MLS access.

Does Clockhouse Realty provide training to each agent?

• Yes. Clockhouse Realty provides two forms of training – Knox Training On-Demand and Transactional Training.
  • Knox Training On-Demand
    • Access over 570 real estate training videos on-demand on your own time.
    • 24/7 access to beginner, intermediate, and advanced real estate training.
    • New video content is added monthly.
    • Don’t forget training on-the-go with the Knox Training App.
    • Click here to view sample videos
  
  
  • Transactional Training
    • Clockhouse also trains the agent when they are engaged with an active buyer or seller. Clockhouse Realty provides full-time support and training to each agent that is engaged with a client. This method has proven very effective and many of their agents have learned from this method of training.

Does Clockhouse Realty allow agents to conduct Broker Priced Opinions (BPO)?

• Yes. Agents pay a fee of $10 per BPO to Clockhouse Realty. BPO’s do not apply toward the annual commission cap.

Is there a monthly membership charge to work at Clockhouse Realty?

• No. There is no monthly membership charge to work at Clockhouse Realty. Each agent earns 90% commission with no monthly charges.

Does Clockhouse Realty pay for Errors and Omissions Insurance or is that the agent’s responsibility? How much liability coverage is there per transaction?

• Clockhouse Realty covers the annual premium of Errors and Omissions Insurance for the company. Agents do not have to pay for the Errors and Omissions Insurance annual premium. However, Clockhouse Realty deducts $25 per transaction from each agent’s commission to cover the cost of the insurance deductible, in the event a lawsuit arises.
• The insurance policy covers up to 1 million per transaction.

Is there a broker review fee at Clockhouse Realty?

• No. There is no broker review fee at Clockhouse Realty. Each agent earns 90% commission and there are no broker review fees at all.

Is there a buy-in fee to work at Clockhouse Realty?

• No. There is no buy-in fee to work at Clockhouse Realty. Each agent earns 90% commission and there are no buy-in fees at all.

Do agents get to take their listings with them if they decide to leave Clockhouse Realty?

• No. Every listing belongs to the brokerage for the duration specified in the listing agreement, per state law. Any agent who acquires a listing while at Clockhouse Realty will not be able to take that listing with them if they decide to leave and sign on with another brokerage; unless that listing has expired per the terms specified in the listing agreement.

Does Clockhouse Realty provide business cards for their agents?

• No. Each agent is responsible for purchasing their own business cards if they want to. However, Clockhouse Realty provides each agent with their exclusive vendor, Realty Cards. If an agent wants to purchase business cards through the exclusive vendor, that is fine. If the agent wants to create their own business cards through a different vendor, that is fine too.

Does Clockhouse Realty provide yard signs for their agents?

• No. Each agent is responsible for purchasing their own yard signs through their exclusive vendor, Build-A-Sign. Each agent must order yard signs through the exclusive vendor. Clockhouse Realty has their own page/portal with them. All signs will be mailed directly to an agent’s residence.
• Here is the link to the yard sign portal: https://www.buildasign.com/eas/clockhouserealty

Does Clockhouse Realty provide real estate forms to their agents?

• Yes. Each agent is given every real estate form when they work at Clockhouse Realty. During the on-boarding process, each agent receives an email with a downloadable link containing the most recent real estate forms.

Does Clockhouse Realty provide any real estate software to their agents?

• Yes and no. Clockhouse Realty also provides each agent with instructions for a free ZipLogix account for agents that are members of the Realtor Board.
• However, each agent is different and may choose whichever software they are comfortable using to help their clients. Clockhouse Realty did not want to force every agent to use one specific software. Whichever software an agent uses to help their clients and close their deals is fine with Clockhouse Realty.

Does Clockhouse Realty provide leads to their agents?

• Yes and no. Since Clockhouse Realty has agents all over Connecticut, Massachusetts, New Hampshire, New York, and Rhode Island, leads will vary depending on experience level, geographic location, time to assist the client, etc.
• Clockhouse Realty is partnered with Opcity – a lead generating company that provides pre-screened, high-quality referrals, at no upfront cost to the agent.
  • How it Works:
    • Opcity calls online home buyer and seller leads to gather the typical information you’re used to asking new clients (i.e. price point, location, timeline, etc.).
    • Once Opcity confirms the consumer is a serious home buyer or seller, they live transfer the call to you, introducing you to prospective clients who match your profile.
    • Once connected, the referral is yours. Opcity only collects a referral fee (35%) upon close.
  • Commission Example:
    • $10,000 Overall Commission
      • $3,500 to Opcity (35% referral fee)
    • $6,500 Commission Left
      • $5,850 to Clockhouse Agent (90%)
      • $650 to Brokerage (10%)

Can an agent work part-time, or do they need to work full-time?

• Yes. An agent can work part-time or full-time. Clockhouse Realty leaves it up to each agent on how often they want to work.

Does an agent need to attend mandatory meetings?

• No. There are no mandatory meetings. No agent needs to report to anything. If there are meetings, they are optional and not required to work at Clockhouse Realty.

Does Clockhouse Realty offer any benefits such as health or dental?

• No. Each agent is considered an independent contractor; therefore, no health or dental benefits are offered at Clockhouse Realty. If an agent is a member of the Realtor Board, they receive discounts on health and dental through the Realtor Board’s direct partners.

Does Clockhouse Realty pay taxes for each agent?

• No. Each agent is considered an independent contractor; therefore, each agent is responsible for paying their own taxes.

If Clockhouse Realty does not have a physical office, how does an agent get their commission check?

• Once Clockhouse Realty receives the commission owed to Clockhouse Realty from the closing, Clockhouse Realty will deposit the money into their operating account. Once that clears, an agent’s commission will be sent via direct deposit. $5.00 will be deducted from the agent’s commission in order to cover the cost of the direct deposit transfer. An agent will receive their commission in their bank account within 1-2 days.

An agent has deposit money from an accepted offer to purchase and Clockhouse Realty is the escrow agent. Where does the agent send that money?

• All deposit money needs to be mailed to one of the following corporate locations so it can be deposited and handled by the Principal Broker (James Velozo).
  • 45 Wamsutta Road, Somerset, MA 02726
  • 750 Davol Street, Suite 624, Fall River, MA 02720

An agent has deposit money to bind a Purchase and Sale Agreement and Clockhouse Realty is the escrow agent. Where does the agent send that money?

• All deposit money needs to be mailed to one of the following corporate locations so it can be deposited and handled by the Principal Broker (James Velozo).
  • 45 Wamsutta Road, Somerset, MA 02726
  • 750 Davol Street, Suite 624, Fall River, MA 02720

Does Clockhouse Realty provide agents with an email address?

• No. Each agent at Clockhouse Realty can use any email address they prefer. However, Clockhouse Realty has seen agents get creative and use email addresses as follows: awclockhouse@gmail.com, tim.white.clockhouse@gmail.com, etc.
  

Does Clockhouse Realty provide agents with a website and customer relationship management (CRM) platform?

• Yes. Each agent at Clockhouse Realty can get a website and CRM platform through their exclusive vendor, Placester. This is completely optional and is not required. However, if an agent wants to get this website and CRM platform, they must first obtain a domain name of their choosing. Then, it is $25.00 per month ($300 per year) for the website through the company discount. Going through Placester directly is $100.00 per month ($1,200 per year), so agents get a savings through Clockhouse Realty’s partnership with them.

If an agent needs help with something, who do they call?

• James Velozo (President/Principal Broker) and Jared Phillips (Vice President/Director of Operations) are available 24/7 via text, email, or telephone to answer any questions an agent may have.

Does Clockhouse Realty have any paperwork requirements that an agent must follow?

• Yes. Every agent must email Clockhouse Realty principals with copies of all transaction-related paperwork within 72 hours (3 days) of the client signing it so a master copy can be kept on file for state compliance.

If an agent owns property and wants to rent or sell it, must they list it through Clockhouse Realty?

• Yes. Each agent who owns property and wants to rent or sell must list their property through Clockhouse Realty.

Are there mandatory listing fees an agent must abide by?

• Yes. The listing requirements at Clockhouse Realty are as follows:
  • Listing fee must be between 4% – 6%, or higher to seller;
  • Listing fee must be 2%, 2.5%, 3%, or higher to buyer’s agent; and
  • Listing fee must be 1% or lower to facilitators.