I have been an agent for 9 years and started doing BPO's last summer. I am wondering what kind of split most agents have with their Brokers for BPO's. I feel like mine is to low and would like to re-negotiate or find a new broker. Thanks!

The split with my broker for BPO's is 75/25, and I can live with that.

No split on my BPO money....it's all mine.

none

123--What is your split?

I split 60/40 with broker (broker=40). I have always thought that was low.

I don't know how you guys can split the bpo's and still make much money. By the time your broker takes 40% of $50 which leaves you $30, it doesn't leave much after $0.50 per miles, camera, computer, internet, etc. expenses. I would have to only take close in locations, bpo's where there are a number in the same general area, or take those that are on my routes for other work.

I think that it sure is short sighted for the broker to take anything out of BPO's as they bring in listings of you also do REO's. I get more than 30 listings a year from my bpo work. That's where the broker can make his money.

95%

I keep all of mine. I just pay my monthly fee and keep 100% of bpo's and comission.

Thanks for all the replys! My spilt is 75/25. It looks like it is low. I feel that if my Broker has to process my checks, he can keep a little for his time. I would like 90/10 or 95/5. It looks like that is not unreasonable. Hopefully some more people will reply so I can get a better idea of the "norm".

Gig em...
You mentioned that you get about 30 listings a year from doing BPO's. Did they just start coming in after you started doing BPO's? Or did you do something special to market yourself?
Thanks!

90/10 on bpos. Gig em, If I make between 4000-5000 a month. I don't see a big deal on the 10%. If I have a listing he would only get $325 on every transaction regardless to the property amount.

I have heard that in some states you can be paid directly using your SS# instead of TIN# and not split it with your broker. I is my understanding that it is against the law in some states. Some companys will not pay that way even if it is legal. I also have a 60/40 split and some BPOs are not worth doing because of the split.

No split here. I use my SSN instead of their EIN and the check comes directly to me.

I am in Missouri and have read on this forum that yes, I can get checks directly, and also, no I can't! I even checked with my local RE Commission and the guy I talked to told me that he did not know, and I should consult an Attorney!
So who knows!!!!!!!

My Broker says that the checks have to go through him. BPO's can be a lot of work, but in this latest market, I guess the Broker wants to make something if you're not out selling.