What percent of your commision do you receive a year. So say the average listing commision is 6 percent and you average 3 percent on every transaction for the year. How much of the 3 percent do you get to keep if you work under a broker. For instance, you do $10 million in sales....how much do you get as income from that?
2007-02-01 08:27:35 · 6 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
I'm a remax agent so I get t keep 95%. Its one of the best splits in real estate. I do however have monthly desk fees. My fee is 1000 per month, so that's 12grand /yr. If i commission 100k i keep 95k. -12k =83k.
Now at other brokerages your on a 60/40 split. if you commission 100k you keep 60k with no desk fees. you do the math, 83 is better than 60.
Remax is the best
2007-02-01 09:26:44 · answer #1 · answered by frankie b 5 · 0⤊ 0⤋
It depends on the agreement you set up with your broker. Some places do 60/40 splits where the broker keeps 60% of the 3% and you get the 40% of the 3%...just depends on the firm.
2007-02-01 08:37:14 · answer #2 · answered by cArTeR 3 · 1⤊ 0⤋
Whatever your agreement is between you and your broker. Some do the 60/40 split as mentioned above, others do 100% less fees & advertising. It all varies from broker to broker.
Thinking about a career in real estate?
2007-02-01 08:42:55 · answer #3 · answered by Art 4 · 1⤊ 0⤋
You will soon find out that a Realtor is nothing but a used car salesman. They will say and do whatever it takes to make a buck. USE CAUTION !!
2016-05-24 02:52:52 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I receive 1.5% commission off of a home sale from the seller. Other agencies may make more or less. At 10 mil I believe that would be 150K.
2007-02-01 08:38:13 · answer #5 · answered by Paul V 6 · 0⤊ 0⤋
I'm a broker. So I have no split.
2007-02-01 08:46:44 · answer #6 · answered by Anonymous · 0⤊ 0⤋