Any thoughts on compensation for a managing broker in a new office in the metro Atlanta area? I currently have many new home subdivisions that I manage and am now opening an office for the resale group. This managing Broker will be running the office and handling the day to day business for the resale agents.

Most deals of this kind I have heard of include some % of sales going to the managing broker in addition to commissions from his or her own sales, if they are a competing broker.

In one case I can think of out here where there is a managing broker for one office in an organization of several offices. The managing broker gets a piece of what all the offices do. Don't know the exact number, but it is relatively small.

They then get a bigger cut of whatever money is generated by their office.

In addition to that, there is sometimes a base pay.

I have also heard of situations where the managing broker gets a regular paycheck but only gets a % of profits after all expenses and only after a certain goal amount is met.

The bottom line is that there are lots of ways you can put together a compensation package for a managing broker.

When interviewing potential managing brokers, ask them what kind of package they would like to have. You will sometimes find that they end up asking for less than you thought.

Once they have told you what they want, work from there to find a package that works for both of you.

R

Thanks for the info, I also read in an earlier post some other ideas.