what was your experience as a starter? is 70/30% common (the broker keeping 30% and the agent 70%)?
2007-04-04 11:52:58 · 4 answers · asked by paula c 1 in Business & Finance ➔ Renting & Real Estate
it depends on what they are offering you. if they provide leads, business cards, office space, marketing materials, signage, etc... 50/50 is common. if you are on your own and they don't give you any leads, 70/30 is more common. it depends on the state you are in- what state are you licensed (or going to be licensed) in?
2007-04-04 11:59:27 · answer #1 · answered by austin_texan 3 · 0⤊ 0⤋
70/30 is more common than 50/50 (unless you are on a team. I amon a team and handle my team leaders business. ANy business coming from his leads we split 50/50, otherwise I am 100% with my own deals.)
70/30 for 4 deals or so (until your broker feels you have learned majority of it and what you;re doing) then moved to 90/10 or 100%
Larger companies (Century 21, Remax, Prudential) I have noticed have a more severe split, along with franchise fees.
2007-04-04 19:39:03 · answer #2 · answered by CJ 3 · 0⤊ 0⤋
Some are 40/60...60 for broker
50/50 sounds good for a new agent.
Never heard of 70/30...30 for broker
They furnish office, advertising, computer, etc.
2007-04-04 19:04:51 · answer #3 · answered by ed 7 · 0⤊ 0⤋
I am on a 95% 5% split, but I am not a new agent.
I think when I started i was on a 60% 40% split.
RE Agent,
Remax
2007-04-04 21:37:14 · answer #4 · answered by frankie b 5 · 0⤊ 0⤋