The Real Estate industry is changing as evidence of what is happening to commissions. Even though the 6% commission is the norm competition throughout the Real Estate industry is changing that. Companies like FOR SALE BY OWNER, 3% companies and most recently 1%commission companies are fueling the change.
In today’s market, an agent joining a major/national real estate company will find it very difficult to make a living on a 50/50 split, 60/40 split, 70/30 split or even a 80/20 split. Some of the large national real estate companies offer 100% commission, but when you factor in their monthly expenses such as; desk fee, franchise fees,copy, phone, front desk reception expenses, E&O Insurance, and other miscellaneous expenses that agents commission is greatly reduced.
The commission arrangement that we share with our agents puts almost all of the commission in your pocket. There are no hidden expenses and no surprises. Agents are only responsible for their yearly dues and local board membership dues and fees. And yes we do put everything in writing so there is no confusion. Having this commission split makes our agents extremely competitive when pursuing those listings if you need to discount from the 6% commission. Also, the extra amount of commission you keep will help you in those less productive months.
YOU CHOOSE THE COMMISSION SCHEDULE THAT WORKS BEST FOR YOU.
Commission Schedule #1 :
90%/10% SPLIT
Agent is paid 90% of gross commission.
OR
Commission Schedule #2:
Agent pays a $75.00 per month sponsorship fee & $210.00 per transaction.
Note: Agent can change their commission schedule one time after initial choice is made. Both Commission Schedules include E&O(Errors &Omissions) Insurance.
