Cimpler
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Do I Qualify?
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Compensation, Insurance, Fees
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Workplace
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Support
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Training
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Other
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Answers
Cimpler
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What is Cimpler?
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A: Cimpler Real Estate (Cimpler RE) company is a brokerage specializing in helping customers to maximize benefits of owning real estate. The company focuses on homebuyers and owners who, either would like to make real estate, including their own residence, a part of their lifetime investment portfolio, or use investment approach to lower their tax obligations.
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Do I Qualify?
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Do you hire agents with no experience?
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A: We hire novice agents if they pass our Real Estate Simulator test.
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I received my license six months ago, but have already closed two transactions. Would I qualify?
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A: You definitely have a good chance. Go to our Real Estate Simulator and test your skills. We’ll let you know the results soon.
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I’m a “part-timer.” Would I qualify?
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A: If your “other” part relates to real estate such as in loans, financial, staging, construction or any other career that enables you to enhance your selling ability, yes. Cimpler Real Estate is a marketplace—we show you how to take advantage of your other career.
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If I’m not accepted, can I reapply? If yes, when?
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A: Yes, you can; the time is up to you. Analyze your test results to determine what to do to improve your skills. Once you’ve done so, reapply.
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I’m a loan officer and have a real estate license. Can I do both loans and real estate in your office?
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A: Yes. Your loan or financial background will help you to become an agent in high demand. All of our agents must be familiar with loans and financial transactions, so your experience will give you a head start.
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Compensation, Insurance, Fees
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What is the commission split?
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A: Depending on your experience you will receive, either a 75% or 80% commission split. You can take our exam after 30 days with Cimpler to become Cimpler Real Estate Investment Specialist and move to 90% commission. If you are a beginning agent and you pass the Real Estate Simulator test, you will receive 60% initial commission split and we will assign you a mentor.
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What is a Cimpler Real Estate Investment Specialist?
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A: Cimpler Real Investment Specialists are top Cimpler agents, qualified to help his/her customers to think of each and every transaction as an investment and maximize the equity of their assets. They have comprehensive real estate, loans, and related services knowledge. All Cimpler agents work with our financial and asset management experts.
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How long does it take to receive payment after closing a transaction?
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A: You’ll receive payment 24 hours after all documentation required by Cimpler is received. We will provide assistance and transaction management products to help in the closing process.
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I have 10 years’ experience as an agent. Would I qualify for a 90% commission right away?
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A: To qualify for a 90% commission split, all agents must pass an exam, regardless of their experience. You qualify to take the exam 30 days after you join Cimpler Real Estate.
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Why do I have to pass an exam to become a Cimpler Real Estate Investment Specialist? I’ve been a top producer for many years.
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A: We want to make sure that you are familiar with Cimpler requirements and procedures first. It is critical that Cimpler clients receive a quality experience while working with Cimpler top agents (Cimpler Real Estate Investment Specialists).
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Do you provide agents with additional revenue streams beyond just commissions?
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A: Yes. Cimpler is more than a real estate brokerage; it’s a market place. All of our agents will have revenue from loans and referral fees for referring other services. You don’t need loan officers to do it for you; at Cimpler, you do it yourself, and we’ll show you how. Additionally, our best agents obtain 10% mentoring fee for all transactions closed by mentees.
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You mentioned receiving company stock on the Benefits and Support page. What can I receive stock for, and how much?
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A: We encourage agents to help make us better, and we reward them for doing so. Details will be provided after you sign a Cimpler nondisclosure agreement.
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Do you offer rewards for bringing in other agents?
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A: Yes, once a referred agent closes his/her first transaction
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Do you provide E&O insurance?
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A: Yes, we provide E&O insurance per transaction. You pay for it at transaction closing.
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Do you provide Risk Management for your agents?
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A: Yes, we have a comprehensive Risk Management Plan for all our agents. As a part of the plan, all our agents will receive a free 30 min consulting from Cimpler Chief Legal Council Office.
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Do you have a sign-in” fee?
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A: There is no signing fee. You will pay $75 a month for access to company dashboard software, personal website, alerts, transaction management, accounting and other software
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Do you have any other fees?
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A: You will be charged 3 % before deducting a “broker commission.” There are no special fees for using Cimpler tools including your personal website
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Can I pay for optional services provided by Cimpler at the closing of a transaction?
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A: You may acquire additional services, such as advertisement, additional coaching and others. Payment for these services depends on service providers. Some might allow payment at the closing of transactions.
Workplace
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Where is the company located?
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A: The company is headquartered in Burlingame, CA.
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Can I work at home?
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A: All Cimpler agents work at home. We hold weekly “Town Hall” style meetings and free training sessions at the company location. Participation in these meetings and training is strongly recommended.
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Where does training take place?
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A: Sessions are ongoing at the company office in Burlingame and online.
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Are you planning to open other offices? If yes, where?
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A: As the number of agents in areas beyond Northern Peninsula and San Francisco increases, we’ll be opening “points of presence” in other areas. At present, we cover the entire Bay Area all the way to Sacramento.
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Support
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If I have a question, how can I get help? Do you provide mentoring?
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A: Cimpler Real Estate introduced an extensive mentoring program. The purpose of the program is to enable up-and coming agents to learn from more experienced colleagues and provide established agents with additional revenue stream and encouragement to share their knowledge. You can always contact the broker on duty to get help.
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I’m an experienced agent, but I’m not comfortable with computers. Can you provide assistance?
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A: We provide transaction assistance for agents who request them. As an alternative, you can inquire about agent coaching.
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Can you tell me more about Cimpler’s support systems and tools?
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A: Cimpler provides agents with a broker system that automates the majority of agent activities. We link the tools you’re familiar with into our environment, or we offer you access to our tools. Details will be provided after you sign the Cimpler nondisclosure agreement.
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I have my own website and don’t want to invest in a new one. Can I connect my new website to Cimpler?
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A: Yes you can. However, you will benefit from using our website to get access to all of Cimpler’s tools. There is no additional charge for obtaining a personalized website from Cimpler.
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