Power Teams
Overview
A Power Team is an earned designation for teams that have reached elite production benchmarks. It comes with the lowest commission caps available at Epique and reduced fees for team members.
Benefits
Commission Cap
Team Leader: $15,000 declining annual cap
Team Members: $5,000 annual cap
Monthly Technology Fee
Team Leader: $149/month
Team Members: $99/month
Transaction Fee
Power Teams pay a maximum of $250 per transaction as a transaction fee, with no annual cap threshold required. This is half the standard per-transaction cap.
Team Branding
All team members share a common approved team name on advertising and marketing materials.
All Standard Benefits
Power Team leaders and members have access to all Epique benefits available to traditional teams.
Power Award
Team members are still eligible for the Power Award regardless of their commission cap. Stock awards upon achievement are calculated based on the member's cap at the time.
How the Commission Split Works
Team members are required to give a minimum 5% team split to their team leader on every transaction they close. The team split agreement may be set higher than 5%.
The split is applied in this order:
Team split is taken from the total commission first
Epique's 85/15 brokerage split is then applied to each agent's remaining portion
This continues until each agent reaches their company dollar cap
Qualification Requirements
To qualify as a Power Team, the team must meet one of the following benchmarks in an anniversary year:
$40 million in total closed sales volume, or
140 closed transactions
Additional Requirements
DBA Required: The team name must be registered locally, with the state real estate licensing authority, and approved by the Managing Broker before use.
Team Agreement: A signed team agreement is required from all team members and a Company Representative or Managing Broker.
Good Standing: All team members must be in good standing with Epique.
Internal Recruitment Limits
A Power Team Leader may recruit no more than five active and established Epique agents to join their team for the entire time the team is established.
There is no limit on recruiting agents from outside Epique. All external recruits must go through the standard Epique vetting and onboarding process.
Area Leader Assignments
Team leaders are assigned an Area Leader. Team members are not assigned individual Area Leaders — the team leader is responsible for ensuring all team members are fully trained and competent to represent the team and the company in all transactions.
Adding Members to an Existing Team
Any changes or additions to an established team must be formally approved. The team leader must submit a request to [email protected]. A response will be provided within 30 days.