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.