Radius Agent is a cloud real estate brokerage that offers high commission splits for agents. It employs real estate agents as independent contractors and offers software and support to these agents. As a cloud brokerage, Radius Agent does not have any offices. Radius Agent is owned by one corporate entity and does not operate franchises in the US.
Agents join Radius Agent and access its suite of services via online portal. Radius Agent provides traditional real estate brokerage services as well as a number of software offerings and virtual services to its agents. For example, Radius Agent offers access to marketing tools, CRM systems, ISA services, and transaction management services.
Similar to most traditional brokerages, real estate commissions charged to buyers and sellers working with Radius Agent are negotiated on a case-by-case basis with agents.
Radius Agent is privatley held. Radius Agent was previously known as Agentdesks, a provider of CRM software.
According to most public sources, Radius Agent has a 100% commission split for agents and charges a ~$50-300 per month fee to agents depending on the amount of technology and design services they want. They also charge per-transaction fees for transaction coordinator services, audits, and trade-up cash offer services.
As of early 2021, Radius Agent had just over 60 agents.