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#244786 - 08/16/08 09:06 AM Remax Agents or 100% agents what do you pay month
carl1234 Offline
Member

Registered: 07/24/08
Posts: 28
Loc: MN
I saw a post on here that someone at a Remax office was paying $1,250 per month and getting a 95/5 split.

I worked at Remax...and left for another broker.

The Remax owner called me and we were talking and I asked him what split he would give me if i came back...
He said 100% and I would pay $600 a month desk...then like $215 for remax fee...

I would think a lot of broker owners are hurting for agents right now...and would be very open to negotiating their fees, etc.

So what do you pay a month and what is your split percentage?

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#244793 - 08/16/08 12:30 PM Re: Remax Agents or 100% agents what do you pay month [Re: carl1234]
Jennifer Allan Offline
Major Contributor

Registered: 11/12/06
Posts: 1624
Loc: The Beach
My REMAX office just implemented something similar to the above - for at-home agents only though. 100% with a $750 desk fee + a 1% franchise fee on each transaction. Previously, the "best" deal was a 70/30% split with a $500/month fee that went to 95/5 after you'd paid out around $15k.
_________________________
Jennifer Allan-Hagedorn, GRI
RE/MAX Hall of Fame
Author of Sell with Soul, Creating an Extraordinary Career in Real Estate without Losing Your Friends, Your Principles or Your Self-Respect

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#244802 - 08/16/08 01:35 PM Re: Remax Agents or 100% agents what do you pay month [Re: Jennifer Allan]
ManFromTheBand Offline
Veteran Member

Registered: 08/23/05
Posts: 706
Loc: Spring Hill, FL
I'm at a 100% shop...

I pay $69/month
$40 per transaction for E&O
$239 on the first transaction of every month

That's it...it's the best deal going as far as I can tell, but my brokerage is only in Florida at this point.
_________________________
I'm not an attorney... Jussayin.
Connect with me on Facebook and let's have a party!

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#244811 - 08/16/08 02:44 PM Re: Remax Agents or 100% agents what do you pay month [Re: ManFromTheBand]
Mr. Foreclosure Offline
Major Contributor

Registered: 09/01/06
Posts: 2834
Loc: upstate New York
It seems all the so called 100% agencies have to make money through other channels for the broker. If there is nothing in it for the broker then he doesn't need the agent. This often takes the form of charging desk fees, copying machine use (also 'phone and fax) at more than cost, agency or franchise fees, a disproportionate amount of E&O insurance, etc. Bottom line the only thing that is 100% is the commission and all these other expenses charged the agent are how the broker makes money.

It makes me feel very good to know that since I am now "solo" I not only get 100% of my commissions but also am paying only actual costs of doing business without handing over some amount to a sponsoring broker.

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#244816 - 08/16/08 03:48 PM Re: Remax Agents or 100% agents what do you pay month [Re: Jennifer Allan]
RealtorInCA Offline
Member

Registered: 01/06/05
Posts: 372
Loc: California
Originally Posted By: Jennifer Allan
My REMAX office just implemented something similar to the above - for at-home agents only though. 100% with a $750 desk fee + a 1% franchise fee on each transaction. Previously, the "best" deal was a 70/30% split with a $500/month fee that went to 95/5 after you'd paid out around $15k.


Is the 1% franchise fee on each transaction calculated off the top of the 100% commission to the agent? In other words 1% of the total broker co-op? Sounds highly competitive.

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#244822 - 08/16/08 04:28 PM Re: Remax Agents or 100% agents what do you pay month [Re: RealtorInCA]
Okeydoka Offline
Member

Registered: 01/22/08
Posts: 86
Loc: USA
With all of the Remax offices I've spoken to you have to give a 2 month notice when you leave. If you don't, they still try and charge you for those 2 months. I asked the broker to delete that requirement from the contract, and he was going to but I signed with a C21 office anyhow.
With this C21 office the franchise fee is 6%, 70/30 split till you pay 15k. No other fees, no fee for copies, no $135.00 internet connection fee, no other fees.
The BIGGEST thing is that I have a semi private office, me and one other agent only. With the Remax people, I had none, only a common work area and a 70/30 split till you contribute $12,500, and the opportunity to pay for alot of other, unforseen things. For me, that made the C21 deal was waaayyy better.
I think you have to look at the big picture, and what's right for you. For me, having an office to go to is a must.

Okeydoka

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#244824 - 08/16/08 04:37 PM Re: Remax Agents or 100% agents what do you pay month [Re: Okeydoka]
RealtorInCA Offline
Member

Registered: 01/06/05
Posts: 372
Loc: California
Yes, the need or desire for an office is a big factor for some people. We only stop by the office to file paperwork and have several computers networked at home, along with the fax, scanner, copier, etc.

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#244892 - 08/17/08 02:24 AM Re: Remax Agents or 100% agents what do you pay month [Re: RealtorInCA]
DeanMesaAZ Offline
Member

Registered: 07/17/08
Posts: 112
Loc: AZ
1)$25/mo and $225/transaction

2)$50/mo and $200 on first transaction of month

3) $75/mo and $150 on first transaction of the month

Also they include free printing (from attached mortgage company)
Free signs and can add your name on as attachemnt (is that called rider?)
Free lockboxes

Seemed like a good deal

They are new, only been around for 4 years i think and at the local office here they have about 500 agents
_________________________
______________________________
http://www.DeanSellsAZ.com
Twitter: @deanouellette

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#245003 - 08/18/08 06:12 AM Re: Remax Agents or 100% agents what do you pay month [Re: DeanMesaAZ]
SellMyDigs Offline
Member

Registered: 07/10/08
Posts: 62
Loc: California, United States
our office has a $16,000 fee for the year plus .00179 of the sales price on each deal.

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#246886 - 08/29/08 02:28 AM Re: Remax Agents or 100% agents what do you pay month [Re: SellMyDigs]
AtlRealtor99 Offline
Member

Registered: 03/01/08
Posts: 39
Loc: Atlanta, GA
I can beat that..
100%
$250 per transaction fee
$25 per month

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#246925 - 08/29/08 04:59 AM Re: Remax Agents or 100% agents what do you pay month [Re: AtlRealtor99]
JoeinCT Offline
Member

Registered: 07/22/08
Posts: 43
Loc: Milford, CT
WOW I am embarassed to say I pay 6% Franchise fee then 50-50 split to 27,000 60-40 split to 42,000 75-25 over that
_________________________
Joseph J. Coretti
Milford CT Real Estate
Weichert Regional Properties
203.795.2411

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#246983 - 08/29/08 05:28 PM Re: Remax Agents or 100% agents what do you pay month [Re: JoeinCT]
Artiste Offline
Major Contributor

Registered: 06/12/06
Posts: 2286
Loc: Arizona Bay
FeeMax - 'nuff said. I pay $0/month and get 75% of my commission.
_________________________
Let's take back the real estate between our ears and get green like a sonofa$%^&*

NAFTA is over!!
(if you want it)


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#247014 - 08/29/08 07:56 PM Re: Remax Agents or 100% agents what do you pay month [Re: Artiste]
DeanMesaAZ Offline
Member

Registered: 07/17/08
Posts: 112
Loc: AZ
I have 2 options

1) $210/mo and 100%
2) $0/mo and 70/30 first transaction of the month then 100% for the rest of them
_________________________
______________________________
http://www.DeanSellsAZ.com
Twitter: @deanouellette

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#247032 - 08/29/08 09:35 PM Re: Remax Agents or 100% agents what do you pay month [Re: DeanMesaAZ]
RAH Offline
Member

Registered: 03/08/04
Posts: 329
Loc: Ontario
My office is:
$69 per month
$275 per transacton

I guess they make money because they have over 1000 agents now. It's the old "high volume, low price' walmart concept I guess,

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#247068 - 08/29/08 11:20 PM Re: Remax Agents or 100% agents what do you pay month [Re: RAH]
RelocationGuide Offline
Member

Registered: 12/29/07
Posts: 41
Loc: usa
I'm at $25/mo 100%
$250 Transaction fee, plus $50 E&O per transaction.

I think we get free copies, but I don't hit the office much. We also get free efax, transaction coordinator, and tons of other stuff. Free training too. I love it.

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