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Updated almost 3 years ago on . Most recent reply
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Marketing Materials - What's the Norm?
My broker takes 46% of my commission: 40% in general and then an additional 6% that was explained to me as being for "advertising, office materials/use, etc." I've been using office materials accordingly. I recently found out that my broker does not give out envelopes. They don't even want us using their paper with the company letterhead - we have to buy and print our own. Is this the norm? What's the norm when it comes to marketing materials provided by the broker?
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Quote from @Nathan Grabau:
I just joined Keller Williams, and while it is normal to have to pay for your own things, like everything, the 46/ 54 split seems really high, in favor of the office. Are you getting coaching included at that rate? What is the cap?
It graduates in your favor the more you sell, up to 90%. But resets every year. We get all kinds of workshops, kvCore (which I love), a 1:1 marketing rep, an agent website, and a few other perks. But I feel like a lot of these are to justify higher commission cuts. If I want a mentor, they get 25% of my commission on my first two sales.
I was pretty aggravated that they'd chince on envelopes and literally just copy paper at that split. My dad says this is why the broker has a house in the Palisades. But I wanted to reach out to see what the norm was before I got too frustrated.