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#384416 - 07/26/11 10:25 AM Re: Online 100% Commission Brokers [Re: paris013]
shana Offline
Major Contributor

Registered: 11/06/07
Posts: 1602
Loc: Nevada
"Get paid directly from escrow
If the escrow is not being administered by YOUR broker, is this even legal?"


just keep in mind that for tax reporting purposes, the escrow company is NOT the official "payer" of the agent's commission, the employing broker is, regardless of who prepares the check. the agent has an employment relationship with his/her broker ONLY (for activities requiring a RE license).


Edited by shana (07/26/11 10:28 AM)

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#384418 - 07/26/11 10:32 AM Re: Online 100% Commission Brokers [Re: paris013]
Sassy411 Offline
Member

Registered: 11/30/10
Posts: 289
Loc: SoCal
The broker should 1099 the commish.

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#384510 - 07/26/11 08:49 PM Re: Online 100% Commission Brokers [Re: shana]
paris013 Offline
Member

Registered: 07/13/11
Posts: 20
Loc: North San Diego, CA
I am in no way saying I expect to be able to run my own real estate business behind a computer, just simply that I find less physical paper and ease of document transference key to me. Also that I am very capable with software programs in general. Thank you though!

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#384561 - 07/27/11 12:55 PM Re: Online 100% Commission Brokers [Re: lucy9]
paris013 Offline
Member

Registered: 07/13/11
Posts: 20
Loc: North San Diego, CA
[quote=lucy9]Paris, I found this on sd craigslist; www.100split.com. They have an office in san diego.You might want to check them out.[/quote]

I looked into this but like the other person had said later in the thread, the broker is only available for questions Mon-Fri 8:30-5 and that isn't very helpful. I'd like to find one that has broker support 24/7.
Also, another thing to be aware of that I hadn't seen before is that a lot of these companies, and I'm sure traditional, want you to add them as additional insured on your vehicle insurance, which can raise your rate.
Furthermore, some offer workman's comp and other don't. I think it'd be best to find one that does.

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#384646 - 07/28/11 04:08 AM Re: Online 100% Commission Brokers [Re: paris013]
ScottyOK Offline
Junior Member

Registered: 07/07/11
Posts: 1
Loc: Oklahoma City
Hi, but as a new agent to be, I would want the backing of my broker and all the people that can help me in person. To me, it's about interaction with people and understanding all the elements of being a top notch agent. Talking about deals and learning from others in your office to formulate your own game plan. It's interaction with your peers and clients. Just my thoughts...

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#384648 - 07/28/11 05:32 AM Re: Online 100% Commission Brokers [Re: ScottyOK]
DRSRK Offline
Member

Registered: 07/11/11
Posts: 198
Loc: Phoenix
Originally Posted By: ScottyOK
Hi, but as a new agent to be, I would want the backing of my broker and all the people that can help me in person. To me, it's about interaction with people and understanding all the elements of being a top notch agent. Talking about deals and learning from others in your office to formulate your own game plan. It's interaction with your peers and clients. Just my thoughts...


Hi ScottyOK from a former Yukonite: I interviewed with a lot of brokers in the last two months and the one that impressed meet the most was the one that told me the following things.

1. Told me about about all of their free training programs.
2. Showed me all the offices and equipment that was available to me.
3.Introduced me to some of the agents there and told me how everyone helped one another and got along really well. I sensed that was the case there.
4. Broker told me she was there for me 24/7.
5. Answered all my questions very well. I had some that could not or would not answer my questions.
6. Ask me questions about myself and my goals.
7. Explained their commission splits to me in detail.

The lady I met with was the managing broker for two of several offices. I had a follow up call from the owner/designated broker asking if all my questions had been answered and if he could help me with anything. One thing I have to say is their commissions were not as good as some of the others but in my opinion as a new agent the other things made up for it. As a new agent I feel it helps to work in an office with a harmonious atmosphere and one that has an abundance of training. If you send me a PM I can send you a list with 100 questions to ask the broker when you interview.Some I agreed with and some I did not. Good luck in OKC.
_________________________
“There are no secrets to success: don’t waste time looking for them. Success is the result of perfection, hard work, learning from failure, loyalty to those for whom you work, and persistence.” Colin Powell

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