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#366018 - 02/07/11 08:13 AM Re: What is your split with your Broker for BPO's? [Re: REOBOSS]
BPOmaster Offline
Veteran Member

Registered: 01/18/11
Posts: 868
Loc: FL
Without volume, it would not be worth it especially if the BPO's were only paying 0-$45.
A broker would have a logistical nightmare accepting the bpo payments directly to the office. They would not state who did the BPO and I can guarantee you would not be able to keep them on track no matter what they tell you. You would pick up triple the work to keep track of your own checks and on top of that pay the broker a split ?
I know many brokers that will grant you 100% of the bpo income. If your broker runs a small house and has few agents, he or she will probably want your income splits.
Just find one that is successful, understanding and has a office policy, structure that works for you and the broker fairly.
Office split policy has changed and differs greatly depending on the business model of the office.

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#366030 - 02/07/11 09:31 AM Re: What is your split with your Broker for BPO's? [Re: BPOmaster]
Doin' bpose Offline
Major Contributor

Registered: 01/26/09
Posts: 2961
Loc: Old Dominion
Mine does it problem free and has provided me this service for many years, almost a decade. It has gotten a little more challenging since other agents have come aboard the BPO bandwagon. They manage well. All my income belongs to my broker first. Then per our agreement he pays me.

I am given 100% of BPO earnings and comissions.
I pay my broker about $1250 every month.
I work from home.
_________________________
Trust your Maker. Watch your manager.

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#366031 - 02/07/11 09:35 AM Re: What is your split with your Broker for BPO's? [Re: Doin' bpose]
BPOmaster Offline
Veteran Member

Registered: 01/18/11
Posts: 868
Loc: FL
I pay my broker about $1250 every month.

How is this number figured?

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#366032 - 02/07/11 09:36 AM Re: What is your split with your Broker for BPO's? [Re: Doin' bpose]
REOBOSS Offline
Member

Registered: 11/28/09
Posts: 182
Loc: Florida
Originally Posted By: Doin' bpose
Mine does it problem free and has provided me this service for many years, almost a decade. It has gotten a little more challenging since other agents have come aboard the BPO bandwagon. They manage well. All my income belongs to my broker first. Then per our agreement he pays me.

I am given 100% of BPO earnings and comissions.
I pay my broker about $1250 every month.
I work from home.

What are you paying your broker $1,250 a month for? Whats the process for you to become your own broker in VA?

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#366037 - 02/07/11 10:21 AM Re: What is your split with your Broker for BPO's? [Re: BPOmaster]
CandyMan Online   content
Major Contributor

Registered: 07/12/08
Posts: 2480
Loc: California
Originally Posted By: BPOmaster
I pay my broker about $1250 every month.

How is this number figured?


That figure would usually indicate "REMAX".
_________________________
PONDERISM:

"Life isn't about waiting for the storm to pass........It's learning how to dance in the rain".

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#366038 - 02/07/11 10:30 AM Re: What is your split with your Broker for BPO's? [Re: REOBOSS]
Doin' bpose Offline
Major Contributor

Registered: 01/26/09
Posts: 2961
Loc: Old Dominion
Originally Posted By: REOBOSS
Originally Posted By: Doin' bpose
Mine does it problem free and has provided me this service for many years, almost a decade. It has gotten a little more challenging since other agents have come aboard the BPO bandwagon. They manage well. All my income belongs to my broker first. Then per our agreement he pays me.

I am given 100% of BPO earnings and comissions.
I pay my broker about $1250 every month.
I work from home.

What are you paying your broker $1,250 a month for? Whats the process for you to become your own broker in VA?

Hey BOSS--It's not as much as it seems. Most RE/MAX folkles pay a good bit more. At the end of the month the split, if you work it backwards based on what I take in usually is aroud 85/15--that's about an $8000 month. Of course no 2 months are alike, so that is approximate.

1) Pays for the REMAX balloon
2) Pays for shared office expense, which I do not use
Pays for personal expenses he fronts and I owe him in return such as E and O, MLS dues, etc.

I am a broker in VA so I suppose you were maybe asking why I have not gone out on my own. The cost of 1 and 2 would be my incentive, correct? That is about $900/month...say 10k a year for giggles and grins.

I have though it over, but that 10k is not going into my bank account.

I leave my broker, who is awesome by the way. I now get start up expenses of becoming a new broker and joining 3 MLS systems and other related start up costs of signs/cards etc.

I try and replace my $14/month E and O with a comparable policy that will likey run me 10 times as much.

I find someone to handle all of escrows and accoutning on a piece meal basis.

What would be left at the end of the year of that 10k? I am not really sure, but it is going to be a couple of grand maybe.

Also I lose the balloon. It is a very powerful brand that brings me at least a deal a year.

I am on the fence, leaning to staying put.


Edited by Doin' bpose (02/07/11 10:31 AM)
Edit Reason: typos
_________________________
Trust your Maker. Watch your manager.

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#366061 - 02/07/11 02:35 PM Re: What is your split with your Broker for BPO's? [Re: Doin' bpose]
ReBpoAgent Offline
Member

Registered: 01/15/11
Posts: 123
Loc: FL
i decided i will get my brokers license , does anyone knows a good school here in central florida by gainesville area. i know gold coast school in south fl but its to far for spending 2 weeks in classes over there, any good broker course school?

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#366066 - 02/07/11 03:32 PM Re: What is your split with your Broker for BPO's? [Re: ReBpoAgent]
REOBOSS Offline
Member

Registered: 11/28/09
Posts: 182
Loc: Florida
bob hogue real estate school - is ok. they offer online classes

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#366067 - 02/07/11 03:33 PM Re: What is your split with your Broker for BPO's? [Re: REOBOSS]
ReBpoAgent Offline
Member

Registered: 01/15/11
Posts: 123
Loc: FL
thanks

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#366101 - 02/07/11 09:11 PM Re: What is your split with your Broker for BPO's? [Re: ReBpoAgent]
skorpion Offline
Member

Registered: 06/01/09
Posts: 237
Loc: Capital of REOs
For some reason brokers exam was much easier for me than sales associate exam... Wish you luck!!!


Edited by skorpion (02/07/11 09:13 PM)

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#366102 - 02/07/11 09:13 PM Re: What is your split with your Broker for BPO's? [Re: skorpion]
REOBOSS Offline
Member

Registered: 11/28/09
Posts: 182
Loc: Florida
i am studying right NOW. smile thanks for the luck

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#366108 - 02/07/11 09:41 PM Re: What is your split with your Broker for BPO's? [Re: BPOmaster]
Doin' bpose Offline
Major Contributor

Registered: 01/26/09
Posts: 2961
Loc: Old Dominion
Originally Posted By: BPOmaster
I pay my broker about $1250 every month.

How is this number figured?
I do not have a bill in front of me but it goes something like this..
226 remax ad fund
400 broker fee
450 shared expenses
14 eo
150 mls dues
20 copier usage
10 postage
_________________________
Trust your Maker. Watch your manager.

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