0TimeOffice
will direct the landlord to reduce our commission by one-half and
provide you with free rent or workletter credit, or 0TimeOffice will co-broke with a licensed broker as you direct us.
How do we do
it? 0TimeOffice restructures the business model and flow of
commission revenue within the traditional brokerage model as
follows:
1. Today,
traditional brokers who represent the tenant receive a full
commission.
2. As agent, 0TimeOffice
agrees to receive 20% less than a traditional broker
and if there is no co-broker will direct the landlord to reduce
the 0TimeOffice commission by one-half and simultaneously direct
that savings to the tenant in the form of free rent or workletter
credit.
3. 0TimeOffice
will also pay 10% of a full commission from its share to a
licensed referring broker (if any).
4.
Additionally, a tenant can direct 0TimeOffice to co-broker with
another licensed broker (in this example one-half of the savings).
5. A broker
can earn both a referral fee (paid by 0TimeOffice) and commission
dollars through co-brokering with 0TimeOffice (in this example the
tenant allocated 75% of its savings). A broker could potentially
earn 50% of a full commission.
