Year after year, McColly Real Estate posts stellar results and creates many happy new homeowners thanks to dedicated work from their team of brokers. On Thursday, January 28, 2021, they celebrated those team members and a record-breaking year with their annual Performance Plus Bonus Program – distributing bonus checks totaling $746,224 to the McColly Real Estate agents who participated in the program.
“This was our biggest year since 2006, and the first time we went over $1 billion in sales,” said Ron McColly, Founder of McColly Real Estate. “That is really something that I wasn’t expecting in March, but I see it going forward.”
The Performance Plus Bonus Program is a tax-deferred program where agents who participate set aside a portion of their annual commission income, matched in part by McColly, to be invested into Berkshire Hathaway B stocks, 10 year Treasury Note or S&P 500. Five years later, their fully grown investment is returned as a check. The program is designed to promote a long-term relationship between the agents and McColly, and to help them secure their finances for retirement and beyond.
“I remember when I started getting statements showing how much my investment had grown, I only put in so much, and it had already grown by this big amount already,” said Debbie Hall, a broker at McColly Real Estate. “You watch it grow year by year until you get that check. What I do is put that right back into my Individual Retirement Account, because as fun as my job is, one day I plan on not selling real estate. I’m planning for my future, and I consider this an investment in myself.”
One of the biggest appeals of the program to many of McColly’s brokers is that the program is very hands-off. They simply put away a portion of their money, and see the year-to-year growth.
“I come from a family where all we’d ever known was maybe a small savings account; we didn’t know about investment or anything like that,” said Cynthia Villaseñor, an agent at McColly Real Estate. “My first five years in Performance Plus, I made a 53% return on investment. That’s just incredible to me. To be honest, I still don’t have a lot of knowledge about investing, but I know it’s working, and I don’t even need to do anything.”
Depending on the portion of their income they set aside for the program, some brokers get a check for over $10,000. Kristin McCoy, a McColly Real Estate Agent, is using her annual Performance Plus Bonus to not only fund her retirement, but to pay for her children’s education.
“I want their college, at least the first four years, paid for,” she said. “I don’t want them to have to worry about going to school and getting an education. Never leave free money on the table; if you save now it’s going to make your life easier in the end.”
To learn more about McColly Real Estate, visit them at https://www.mccolly.com/.
