Hang your license with Pellego

Leverage your time and keep your commission

GET STARTED
Schedule Call

Hang your license at Pellego

Why do agents join Pellego?

Win more deals and keep your commission.

Professional Image

Leverage our brand or create your own, powered by Pellego.

Fast Support

Licensed transaction support. Experienced managing brokers.

100% Commission

No setup fees or splits. Just $500-550 per closing.

Investor Culture

3/4 of our agents invest and represent themselves.

Active Network

Private Facebook group and quarterly BBQs.

Upgraded Software

Find more deals in less time, and share deal packets.

             One of my best decisions ever was switching Pellego. Staff is friendly and available 24/7. I was so shocked on how fast my questions got answered. I got used to wait up to a day or two from my previous firm. Transaction coordinator service is a must for a busy mom like myself. They were fast in fulfilling requests from escrow and questions from clients. Last but not least, agents are investors like myself and I feel connected. This is my RE family.
— Ly Le —

Crush the basics

Keep your capital without cutting corners

Broker Support

Expect fast, actionable responses from managing brokers. Call or text us anytime.

Transaction Coordination

Leverage a licensed assistant to prep paperwork and keep timelines on track.

Professional Image

Get complimentary headshots and signs. Showcase success stories on your web page.

Fuel opportunity

Surround yourself with investors and win more deals

Expand your circle

Network with colleagues at private events. 3/4 of Pellego agents are investors. If your network is your net worth...

Connect with clients

Meet investors at public workshops and events. Leave flyers at our table or stick around and chat with clients.

Identify upside

Find flip and rental opportunities for yourself and clients with Pellego's upgraded software tools.

Accelerate deal flow

Unlock features to find and share deals.

Identify upside

Find flip and rental opportunities.

On Market

Filter by investment criteria, re-calculated hourly with Pellego's comp analysis and financial templates.

Off Market

Filter through canceled and expired listings that have not been re-listed or sold — temporarily unavailable.

Package pro-formas

Share your analysis with clients and partners.

White-label deals

Share properties on Pellego with your headshot and contact form. Include your comps, numbers, and notes.

Export your analysis

Export your analysis as a formatted spreadsheet or PDF, pre-filled with your assumptions and info.

       We moved our business here after spending years at full-service and discount brokerages. Pellego is the right blend of low-fees but high responsiveness/admin support. Its a big bonus to us that we can brand our cards and signs with our own logo as well. Online tools are highly polished. Thumbs up.
— Lucas Roth—

100% Commission Plans

Keep your capital without cutting corners.

Agents with zero experience pay a bit more and receive additional training and mentorship.
GET STARTED
Schedule Call

Coordination Services

Optional/As-Needed

Hand off paperwork and scheduling to an experienced licensed assistant.

Listing Setup
$125 - 175

  • ✓  prepare listing and seller forms
  • ✓  order sign post install/removal
  • ✓  order laminated flyer
  • ✓  open preliminary title
  • ✓  connect lockbox with listing
  • ✓  upload photos, go live by 6:00 am
  • ✓  post open house on Craigslist
  • ✓  no DIY listing mistake fees
  • ✓  lockbox rental 3mo included
  • ✓  lockbox install/remove (extra)

Sign up to sign down

  • ✓  open preliminary title
  • ✓  prepare listing and seller forms
  • ✓  create flyers for printing
  • ✓  order sign post install/removal.
  • ✓  upload photos, go live by 6:00 am
  • ✓  post open houses on Craigslist
  • ✓  open escrow
  • ✓  distribute timeline and contact info
  • ✓  remind you about deadlines
  • ✓  update listing as needed
  • ✓  organize inspection/appraisal times
  • ✓  follow up with people
  • ✓  prepare addenda responses
  • ✓  setup all e-signings
  • ✓  set you as first signer or reviewer
  • ✓  make you look good to your clients
  • ✓  remind you about deadlines

Contract to Close
$275 - 350

  • ✓  open escrow
  • ✓  distribute timeline and contact info
  • ✓  coordinate timely earnest money deposit
  • ✓  remind you about deadlines
  • ✓  organize inspection/appraisal times
  • ✓  follow up with people
  • ✓  prepare addenda responses
  • ✓  setup all e-signings
  • ✓  set you as first signer or reviewer
  • ✓  make you look good to your clients
  • ✓  remind you about deadlines
  • ✓  put key in contractor box (extra)

Lower price available with upgraded plan.
Coordination required for agents with zero experience.

Frequently Asked Questions

Are there any additional or hidden fees? Setup charges?

No.

B&O and L&I fees are mandated in Washington, but we pass on 100% of the fees, and with no claims to-date, our L&I rates are as low as it gets.

Where is your office located?

We have a small office in each of our market centers, but our agents largely connect at our seasonal BBQs/cook-outs and online on our agent-only Facebook group.

What do you expect and allow?

You do not need to attend meetings. You can work with regular buyers and sellers. You can use your own brand, sell your own rehabs, and assign off-market contracts, so long as you follow local rules/regulations and standard firm policies/procedures.

Do you offer discounts for teams?

Yes. If you are on the upgraded plan, you can add agents for $50/mo. If you break up, agents can keep the $50/mo rate for six months before switching to one of our standard plans.

Why should I bother with MLS deals?

[UPDATE NUMBERS BEFORE PUBLISHING]

From analyzing 13,000 flips in greater Seattle-area since 2002, we find that on average, MLS-purchased flips sell for 1.8x their purchase price compared with 1.6x off-market and 1.4x at foreclosure auctions.

While we do not know the condition of these flips, we think if anything MLS-purchased flips are in better condition, not worse. Furthermore, off-market deals often have an assignment fee and foreclosure deals have a commission paid on top of the purchase price, which makes MLS deals even more favorable than the numbers suggest.

Our guts tell us that this feels off, and to some extent this is true. The opportunity for luck is greater in these markets, and the top 10% of off-market flips perform better than the top 10% of MLS-purchased flips. Nevertheless, the MLS still presents a meaningful buying advantage for rehab investors.

This suggest there is more supply (deals) relative to demand (competing buyers) when shopping for deals on the MLS versus off market or at foreclosure auction.

From a supply perspective, 4_% of historical flips were purchased from the MLS versus 3_% off-market and 2_% at a foreclosure auction. With more supply, the MLS can absorb more demand.

From a demand perspective, we can say there's roughly 87% of the relative demand off-market as measured by the resale multiples (1.4 / 1.6). Because there are 1.25x more deals on the MLS than off-market (4_% / 3_%), we can deduce there is about 1.09x more demand (87% * 1.25).

In other words, there is 1.09x more demand on the MLS, but 1.25x more supply to absorb it.

We can't say for sure, but we have some theories as to why there is less competition on the MLS than it might appear.

For starters, prospective homeowners cannot easily finance properties that need repairs, and when they do compete it is normally for cosmetic flip opportunities. Many sellers also over price their listings and end up accepting a lowball offer—think of it as a hidden supply on the MLS.

The demand for off-market deals is also is also higher than it appear. From intuition and the advice of others, investors gravitate to the idea that buying off-market or at the auction is less-competitive. The problem is that everyone thinks this way.

In many cases, investors are purchasing overlapping mailing listings and calling on the same FSBO directories.

This is not to say you should only pursue MLS-listed opportunities. Rather, we believe the MLS should be an active source of opportunities for serious investors. From analyzing 13,000 flips in greater Seattle-area since 2002, we find that on average, MLS-purchased flips sell for 1.8x their purchase price compared with 1.6x off-market and 1.4x at foreclosure auctions.

How do I transfer my license?

[For Washington]
Go to Secure Access WA and click into Professional and Business Licensing. If you do not see this, click "Add Service" and select Professional and Business Licensing from the list of services. From here you can link your license, click into your license, and separate from your existing brokerage relationship. After this, we add your license on our end. You click refresh, and click into the notification to approve the new relationship.

Are the properties in the background all different?

Yes. Our agents kick ass.

Do you have any job openings?

If you are amazing, we want to know. Here is a list of current openings, and we are always open to unsolicited pitches.