Requirements and Compensation for Corporate Broker-Officer

[Peter Estrada]

Hello Everyone! I am a recent University grad with a degree in Finance, Real Estate, and Law (1 Major). I recently renewed my salesperson license and have sent in my application for a Brokers license.

I have been working for the real estate department, as a Commercial Leasing specialist, of a company that operates charter schools. We currently manage about 100 centers. There have been talks about starting an official brokerage and having the schools be a major client and start seeking outside work doing investments and leasing. They have asked me, and I have agreed, to be the broker for this new venture, but there are a lot of questions that I have and cant seem to find the answer for online.

I have had a meeting with the companies legal department and they stated a few things which I will list below.

- The new company must be a corporation.

- I will have to be an officer of this corporation.

-We will have to have an employment agreement between me and the company.

This all leads me to the final question: How should I request to get compensated (Salary, Commission, Both)? I tried finding examples online but there was nothing that really made me confident. Me and my supervisor have agreed that the leasing agents will receive their salaries and receive a flat fee commission per transaction. Should I ask for the same?

Thank you all for your advise and input, it is very much appreciated!