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#301930 - 08/10/09 12:20 PM Re: Need your opinions! [Re: Perky_REALTOR]
REODayton Offline
Major Contributor

Registered: 07/27/06
Posts: 3699
Loc: Dayton Ohio
Originally Posted By: Perky_REALTOR
Dang!



I know a few agents that pay 1900/month for the honor or 95/100 split. It works for them I guess.

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#301931 - 08/10/09 12:30 PM Re: Need your opinions! [Re: REODayton]
ManFromTheBand Offline
Veteran Member

Registered: 08/23/05
Posts: 704
Loc: Spring Hill, FL
I used to pay $1,400/month for the opportunity to work (also had a 95/100 split). It got me a cubicle and a broker who didn't answer or return phone calls. I don't like cubicles.
_________________________
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#301933 - 08/10/09 01:06 PM Re: Need your opinions! [Re: ManFromTheBand]
Texas Agent Offline
Member

Registered: 07/14/08
Posts: 357
Loc: Dallas, Fort Worth - TX
While this is a business and our P&L is top priority, we shouldn't ignore the intangibles that go into that bottom line. I've seen any number of agents switch offices or brokers based on 'numbers,' only to discover six months or a year down the road that their business has suffered because they aren't as happy. A good fit with the broker, office staff, and other agents can make the difference between several deals a year, or more. I switched brokers years ago based on what looked on paper to be a deal too good to refuse, and soon found myself miserable in the new environment... with a resulting plummet in my sales. I ended up going back to my previous broker. Lesson learned.

cool

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#301959 - 08/10/09 04:30 PM Re: Need your opinions! [Re: Texas Agent]
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8476
Loc: georgia
That had nothing to do with a 100 percent company and everything to do with the broker you switched to.

No matter the model you will always find crappy brokers just like crappy agents. I know what these agents go through as I was once in their shoes. I do care about the success of all my agents. Not all want to be superstars. Some just want to sell their personal residence,others sell a few a year for mad money or to take the kids to Disney World, and others buy a few investment deals a year.

I always tell my agents there is no pressure. If you want to do 3 deals a year or 70 a year I will help you get there.

There is no right or wrong way to be an agent. Everyone has different life goals and what I love about my company is I don't stick everyone in a box and say "you have to be this way".

Interview with broker and go with your gut. Not every decision will be the right one but if you live in fear of a mistake and make no decisions (inaction) your life will go nowhere.

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#302023 - 08/10/09 11:31 PM Re: Need your opinions! [Re: super realtor]
loveofcreed68 Offline
Member

Registered: 09/30/08
Posts: 161
Loc: IN
I pay $45 per month for office/desk fees. I can also use any of our 10 offices. I do not pay for fax, paper, envelopes, secretary fees, internet, signs (I do pay for name riders, got 2 free open house signs, and arrow signs). My company does pay for open house, just listed, and reduced newspaper ads. My split is 50/50 until i've earned $16K, then moves up to 60%. It moves up a gradual scale. I of course have to pay my own MLS and Board Fees. Also, I have the BEST managing broker. He is always available to answer questions or help out with a client. I think my fees are the cheapest in my area.

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#302323 - 08/12/09 09:28 PM Re: Need your opinions! [Re: loveofcreed68]
ManFromTheBand Offline
Veteran Member

Registered: 08/23/05
Posts: 704
Loc: Spring Hill, FL
holy cow...a 50/50 split is the cheapest in your area? (Super - you need to open up shop there - you'll clean up!)
_________________________
Check Out my Blogs - Spring Hill Real Estate - Hernando County Real Estate and Spring Hill Real Estate Buyers & Sellers Q&A Forum
Check out my Google Profile or connect with me on Facebook, LinkedIn, or Twitter!

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#302335 - 08/12/09 10:10 PM Re: Need your opinions! [Re: ManFromTheBand]
Doin' bpose Offline
Major Contributor

Registered: 01/26/09
Posts: 2961
Loc: Old Dominion
My broker has always charged for copies, and finally started charging for printing to many agents ire. So now when I need to turn in a 30 page contract, I email the pdf to them. If they want to print it off, so be it, they can do it on their dime.
_________________________
Trust your Maker. Watch your manager.

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#302353 - 08/12/09 11:29 PM Re: Need your opinions! [Re: Doin' bpose]
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8476
Loc: georgia
LOL yes 50/50 is an old horse for sure. The only ones that get away with it now are for new agents who need training for their first 2 to 3 transactions.

People think I am nuts but I train them also for the 100 percent.

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#302956 - 08/18/09 12:01 AM Re: Need your opinions! [Re: super realtor]
estatereal Offline
Major Contributor

Registered: 01/27/07
Posts: 2779
Loc: LAND OF THE FREE!
i pay 250 a month for 100% and have an office, free printing, fax all that stuff....in reality, i dont use hte office, i buy my own paper and have my own 800 number for incoming faxes...i scan my contracts with a xerox scanner and email them off.

an agent will either produce or not....

if you dont need the hand holding go for the highest split that you can find!

ask yourself this if you are on a split...

lets use and example

60/40 split and i made 100k gci...so 60k to me..40k to broker

could i get what i got from the broker for less than 40k? if hte answer is yes, MOVE...that is really what it comes down to.

high training and crap commission split do not go hand in hand....i have been at traditional shops and gotten no training...now i dont need the training (i actually train agents) and the commission is 100% and the training is better than any crap split shop that i know of.

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