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#188568 - 12/20/07 09:48 PM fees
Watermark Offline
Member

Registered: 10/09/07
Posts: 379
Loc: Georgia
one of the other threads got me to wondering.
What "fees" do you pay to your brokerage firm or if you the broker, what fees to do you charge? What dollar amount are you paying for each fee and what do you get in return? On a traditional commission plan or 100%, etc.?

Desk fees?
technology fees?
buy broker a hummer fee??

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#188854 - 12/22/07 07:34 PM Re: fees [Re: Watermark]
zero21 Offline
Member

Registered: 03/06/07
Posts: 11
Loc: SC
I get 100% and pay a transaction fee based upon the sales price of the home. I also pay $200 every quarter.I do not really get anything at all in return.
_________________________
Seth O.
seth@columbialistings.net
http://www.columbialistings.net

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#188859 - 12/22/07 09:10 PM Re: fees [Re: zero21]
Orangecrest Offline
Veteran Member

Registered: 08/05/05
Posts: 778
Loc: Riverside, CA
Then technically, you don't get 100%... 100% is that you get the check and deposit 100% into your account, zero going to the broker.

No matter how they try to disguise it, it is a draw from the check making it less than 100%.

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#188867 - 12/22/07 10:19 PM Re: fees [Re: Orangecrest]
Jeffo Offline
Veteran Member

Registered: 12/14/06
Posts: 873
Loc: Eugene, Oregon
80/20 split, no other fees, I get an office, phone, computer, and reasonable use of the print center... sign hangers... the rest is up to me!

-jeff
_________________________
(541) 285-5492

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#188938 - 12/23/07 12:16 PM Re: fees [Re: Jeffo]
REODayton Offline
Major Contributor

Registered: 07/27/06
Posts: 3699
Loc: Dayton Ohio
We charge a 195 dollar transaction fee. Most agents end up paying it out of commission. I have in my IC contract that my clients do not pay such a fee unless the lead is a brokerage generated lead.

Then I pay 500/month
I maintain my own home office (phone, computers, supplies, contracts)
Then I have to pay international dues 400/yr
Yearly NAR/state/local dues (note to self, pay before 1/1/2008
CE to maintain license
A new 25/month for misc. fee to cover office supplies (Got a meeting about that one on Monday, I aint paying it, I use my own supplies).
Business cards, marketing, web sites, networking events.

Not a cheap gig to be in. In return I run my own business, I make enough to cover my overhead and maintain my family and survive. I maintain my expenses and if I feel I am overpaying for the month I negotiate it with my broker.

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#188940 - 12/23/07 12:31 PM Re: fees [Re: REODayton]
Perky_REALTOR Offline
Mod Squad
Major Contributor

Registered: 11/27/06
Posts: 7685
Loc: PA
We have a sliding scale, starting at 50/50 and goes up to 70/30 based on sales. Unlike other agencies it does not reset every January; as long as you keep selling stuff, your split stays the same...and they go back six months to rate it...so if you have two or three months that are bad, you can still keep your higher split.

No other fees, except with the new printer. Free B&W prints, but they are going to charge us 15 or 20 cents for color copies.

They provide lots of support and training - both access to online courses as well as several DVD's and audio recordings in the office that we can check out if we want and take home.

We do not pay desk fees or phone fees, the office supplies all of our signs, lockboxes, etc. We get a deal on software (that is similar to Top Producer but costs us only $15/month if we want it.) While the office does not pay for our mass mailings, it does cover postage on basic mailings. Folders, letter head, and envelopes are provided (not for mass mailing though). There is a central office computer provided, with tax record software and Microsoft Office.

We do not get charged for the secretary either like some offices charge; no hidden administration fees. E&O of $30 is taken out of each transaction until your premium is paid. They also offer to take your MLS fees out of your commissions and pay them for you.

Full time agents get their own desk; part timers usually have to share with other part timers.

My office is pretty generous compared to most other offices in the area. There is only one other office that I would consider working at out of 20 or so in the immediate area! I am very happy where I am. Nice atmosphere, nice group of people, great broker, great team.

One office I know gives a better split (starts out at 65% then goes to 70%) but they reset back to the lower rate in January....but they also do not allow agents to have their own websites and they offer ZIP when it comes to training. Nothing, nada..

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#189018 - 12/23/07 11:56 PM Re: fees [Re: Perky_REALTOR]
tempeagent Offline
Member

Registered: 03/02/07
Posts: 127
Loc: Tempe, Arizona
No split, $40/month, $375/transaction including E&O fee. Use of common office space, computers, copier, etc, transaction coordinator. Low cost training classes.
_________________________
http://www.RodSellsAZhomes.com

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