Please wait as we prepare your PDF file ....

Mission Chronicle Blog

Search Blog

our goal is to help you stay informed by providing timely and interesting articles.

JP & Associates latest brokerage to offer health care to agents

02/21/2019

Download PDF

The Texas-based brokerage JP & Associates Realtors is the latest real estate company to offer its agents an associated health care plan. The move comes on the heels of the brokerage’s push to franchise last summer.

“I could not be more excited for our agents,” JP Piccinini, founder and CEO of JP & Associates Realtors, said in a statement. “With the latest additions to our company, our Realtors now have options regarding health insurance and retirement plans.”

As of Feb. 15, agents with the company have access to an annual agent health care plan and retirement and bonus plan options through its newly created Gemini program. The company boasts more than 1,500 agents across 21 offices.

An estimated 86 percent of Realtors associated with brokerages firms are independent contractors, according to the latest membership data from the National Association of Realtors (NAR), meaning they often need to obtain health insurance through the open marketplace.

NAR has investigated the possibility of creating an associated health plan for its 1.3 million members, but recently CEO Bob Goldberg said there’s no national solution at this time.

Still, real estate brokerages have taken it upon themselves to offer health care to affiliated agents in some capacity. Compass and HomeSmart unveiled health care plans for agents last year. Big franchisors like Realogy, Keller Williams and RE/MAX also offer health care solutions for agents to attempt to obtain cheaper coverage than through the Affordable Care Act marketplace.

How to launch your career in high-end real estate A leading agent shares you how can stand out from the crowd READ MORE

“We strongly value the livelihood of our agents,” Mark Johnson, chief operating officer for JP & Associates said in a statement.

“Not only does our Agent Health Plan service offer ideal benefits, but we are able to lower out-of-pocket expenses,” Johnson added. “Our agents may save up to 40-70 percent annually compared to their current plans, which could potentially be up to $15,000 or more a year.”

JP & Associates Realtors, based in Frisco, Texas, closed 6,714 transactions in 2017 for more then $1.7 billion in volume. The brokerage ranked 88th in transactions on the Real Trends 500.

The brokerage began licensing franchises in September 2018, and has since closed on 17 franchises in Lousiana, Florida and South Carolina. Like the brokerage, franchises operate on a 100 percent commission model. In Texas, agents currently pay a $475 minimum transaction fee and keep 100 percent commission on a transaction. Agents are required to make a minimum of six transactions per year.

Update: Updated to include additional information about franchises. 

Email Patrick Kearns

Source: click here

Read More

INSPIRED, INTELLIGENT, INSIGHTFULL

STAY INFORMED WITH TIMELY AND INTERESTING ARTICLES FROM OUR BLOG, MISSION CHRONICLE. OUR ASPIRATION IS TO PROVIDE REALTORS AND OTHER REAL ESTATE INDUSTRY PROFESSIONALS WITH EXCEPTIONAL RESOURCES AND SHARE OUR KNOWLEDGE TO PROPEL YOU TO YOUR GOALS.

  • Mission Chronicle Newsletter July 24, 2023

    Mortgage rates continued to press downward last week after the previous week's CPI data pointed to e...

  • Mission Chronicle Newsletter Feb 20, 2023

    Despite the recent downward trend in mortgage rates and hopes that the Fed was nearing the end of it...

  • Mission Chronicle Newsletter Feb 6, 2023

    The Federal Reserve meeting ended as market participants expected, with a quarter-point increase and...

  • Mission Chronicle Newsletter Dec 26, 2022

    Mortgage rates held relatively steady last week as most economic news came in better than expected.C...

  • Mission Chronicle Newsletter Dec 12, 2022

    Rates managed to move slightly downward last week as recession fears grew amid hopes that the Fedis ...

  • Mission Chronicle Newsletter Dec 5th 2022

    Mission Chronicle Newsletter Dec 5th 2022. Platforms: Browser, mobile-responsiveIdeal for: Leasing a...

  • Inman Review: Tenants and leasing teams get better connected with RentTango

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • Tech Review: Smart Alto puts people first in its innovative lead qualification solution

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • Refreshed and nurture-savvy, Market Leader’s CRM deserves your attention

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • The top 4 tips to improve your negotiation skills

    In today’s luxury real estate market, strong negotiation skills are an asset—you might even say ...

October 2024
Mon Tue Wed Thu Fri Sat Sun
 123456
78910111213
14151617181920
21222324252627
28293031  

  • Polls

    What information you are looking for?

    View Results

    Loading ... Loading ...
  • Last month Results

    How Is My Site?

    • Good (100%, 3 Votes)
    • Excellent (0%, 0 Votes)
    • Bad (0%, 0 Votes)
    • Can Be Improved (0%, 0 Votes)
    • No Comments (0%, 0 Votes)

    Total Voters: 3

    Vote

    Loading ... Loading ...