Membership and cancellation terms

A plain summary of the commercial terms. Where a term is still being finalised it is marked, rather than described vaguely.

This page is a summary for prospective agents. The binding terms are those in the signed independent contractor agreement between you and CapTex Realty. Where the two differ, the signed agreement governs.

Fees

$100 per month membership.
$99 broker-compliance fee on each closed transaction.
No percentage commission split, no desk fee, no franchise fee, no monthly transaction minimum.
No annual plan is currently offered.

What you pay separately

MLS dues, REALTOR® association dues, lockbox and Supra key fees are held in your name and billed to you directly by those organizations. Your own business costs, including marketing, CRM, photography, signage, license renewal and continuing education, are yours. These are not CapTex fees.

Qualification and approval

Membership is not open to self-service purchase. You apply, have a 30-minute fit call, and membership begins only if CapTex approves the application and you sign the independent contractor agreement. CapTex may decline an application.

Billing

Your first $100 is charged on the day you are approved and sign the independent contractor agreement. Nothing is charged before that, and nothing is charged from this website.

Cycle. Membership renews monthly on the same date you were approved. There is no annual plan and no prepayment.
How you pay. Credit or debit card only, handled by our payment processor. We don't accept cash, checks or bank transfers. CapTex does not hold your card details.
Managing it. You get a billing portal where you can update your card and download your own receipts.
If a payment fails. The payment is retried automatically over several days. If it still has not cleared after that, you have 10 days from the first failure to bring the account current. Your sponsorship is not affected during that window.
If it is still unpaid after 10 days. We contact you before anything changes. We do not end a sponsorship over a payment problem without speaking to you first.

Cancellation

Membership is month to month. There is no long-term contract and no early-termination penalty.

How to cancel. Email join@captexrealty.com and say you want to cancel. That is the whole process. You do not have to give a reason.
Notice. 30 days from the day we receive your email.
Your final month. Charged in full and not prorated. There is no exit fee and nothing else is charged after it.
Your license. We release your TREC sponsorship promptly on request. We do not hold a sponsorship to keep someone paying.

If you leave

Your listings go with you, automatically. There is no release fee, and CapTex takes no cut of your future commission on them.

Still being confirmed: how a transaction that is already under contract but not yet closed is handled at the point of departure, including which brokerage closes it and whether the $99 fee applies to it.

Errors and omissions insurance

CapTex Realty carries E&O covering your transactions and pays the premium. There is no E&O charge to you. If a claim is made on one of your transactions, the deductible of $2,500 per claim is the agent's responsibility.

Independent contractor status

CapTex agents are independent contractors, not employees. Membership does not create employment, and CapTex does not pay a salary, wage or draw. You are responsible for your own taxes, insurance beyond the brokerage's errors and omissions coverage, and your own business expenses.

No income representation

Nothing on this website, including the calculator and the comparison tables, is a projection of earnings, a statement of typical results, or a guarantee of income. Figures shown are illustrative and depend on assumptions stated alongside them.