Why: Introduced a residual business model that let associates
earn a percentage on the sales of their recruits.
Taking a page from the insurance sales industry, where he'd worked, Steve Morris built a franchise
by giving each sales associate a share in the success of the entire enterprise. EXIT offers sales associates 10
percent residual bonuses from the corporation on the transactions of other associates they bring to the company
and mentor. This unusual compensation offering has enabled Morris to grow the franchise to 1,007 offices and more
than 30,000 sales associates in less than a decade. EXIT's training is also getting rave reviews with its emphasis
on mentoring and coaching as well as classes. After a stint with The Permanent, Canada's third-largest real estate
company at the time, Morris joined RE/MAX in 1984 and within a year was named Top Manager in North America by the
franchise. During his tenure, he was also named Broker/Owner of the Year for multiple offices. A dozen years later,
Morris launched a model that gave associates a shot at more than 100 percent earnings through residuals.







