A lot depends on geography. Around here, unless you are willing to take considerable desk fees - it's 50:50 - but almost NONE of the brokerages do nearly enough in the way of training and support to begin to justify such high fees. Those that tell you that you are "costing them" that much are full of ...you know what. What you are doing is supporting the infrastructure for the big guns who demand a lot of services but pay practically nothing.

I am getting a 50/50 split to start with no desk fees or anythingand they even pay for most of the advertising, professional pictures and have people to do your admin work. commission goes up based on proformance

Candice

In my area, there are lots of options among the various brokers. Just interview with a bunch of them, and you should be able to find a good fit for you. My broker takes $25/month, $425/transaction, and they have a Help Line you can call anytime, and a good office staff. Mentoring is available; if you do this, they take 50% of your commission until they've gotten $4500 or something, I think; after that, you get 100% less the transaction fee. Fair deals are out there.

If you are going full-time and really serious about it, starting out with a 50% split with a well-regarded broker that provides excellent training and pays some of your advertising expenses may be the way to go.

I'm a newbie working eves and weekends until I switch over FT. My split is 50/50 plus a small monthly desk fee that'll probably run $500/mo. I'm the only Buyer's agent for a successful team where I get paid no matter who represents the buyer and there's tonnes of training available through the brokerage C21, so I'm hoping this is a good deal. I didn't look around at all. I really wanted to work with this team. Great people and very successful.

Your split is 50/50 and a small monthly desk fee of $500/mo!
Are you NUTS!
I pay $250 for whole office ,including heat,A/C ,electric and reception area.
YOU ARE GETTING ROBBED!
Your split should be 90/10 for that much of monthly expense !

We have a 60/40 slit, no desk fees and they pay for 1/2 of our advertsing.

50/50 and 500 a MONTH! That's nuts!

for 100% i pay 250 a month plus 195 per transaction


rofl 500 bucks a month for a 50/50. <<<<does the broker make that sound like he/she is giving you a deal?

I get 70/30, costs me about $125/month, including MLS fees.

Just take a look at the pros/cons. Also keep in mind my Name Brand companys have franchise fees. I have been a broker for two years and I opt to take a small split in return for ALL fee paid for including MLS fees, advertising cost, cards, computers,etc.. It works for me well is a slower market this ways I am not getting hit with fees month after month and I can stay on top of my game

Commission splits and fees are obviously important aspects of a real estate company to understand, but importantly, if you are really serious about building a successful real estate business, you need to be looking at which company will help you 'net' the most amount of money.

Successful real estate agents are concerned with one thing...where is the best place for them to run their business...so that they 'net' the most amount of money. It's not about what you pay a company...it's about what you get for what you pay.

Remember, a 100% of $0 is still $0. If a company does not offer you the training, education and support to teach you how to take your business to the next level...then who cares what their commission splits and fees are.

The industry is going through a real 'thinning of the herd' due to market conditions, and you better affiliate yourself with a company that focuses on training, education and technology to help their agents power through the market shift.

[i][/i]Edited by moderator removed links.

please compare apples to apples...


100% of nothing is nothing

50% of nothing is nothing as well



lest see what happens when something closes

100% of a $12,000.00 check is $12,000.00

50% of a $12,000.00 check is $6,000.00



now that we are comparing equals, what one looks better? i know that 12k will pay double what 6k will pay for.

500 is about 6 months for me with a 70/30, //100 after 2 mil gross.




I think everyone was like....what? typo? HOLY CAMOLIE!!!

It all depends on what personality type you are. Some people even with a brokers liscense who are just an associate broker at a company like the big company culture.

Me I have always been an inventor, make my own path kind of person. I don't like being controlled and like running my own ship and determining my destination in life and I can't do that in the confines of working in another company and structure.

So for me becoming a head broker and having my own company was natural for me. For others it will be like a fish out of water and won't work. Those types might be better starting a team within a company and staying there.

The great thing about real estate is it's versatile and you can take your career so many ways in this business. I get to keep all of it but also pay all of the bills.

In my opinion if a company can't give you leads and you are giving more than an 80/20 then you are losing on the deal.

LEADS is what the agents need and have trouble generating. All the signs,forms,blah,blah,blah is worthless they all offer that.

So in short if a company has a crappy split but they generate alot of new bsuiness and leads for you then it can be worth it. If it's a crappy split and your a new agent it's ok for the first few deals as you need to learn but later on you need to renegotiate the deal after a few closings or go to another company.