KW Commission Splits

[Bryant Culbreth]

Need advice on commission splits for my 1st real estate job. This is an offer I received:  The traditional Keller Williams 64/30/6 split w. Also, this a group within Keller Williams that uses Boomtown, etc. to generate your leads and this is an additional 50/50 split. Is this typical? The 64/30/6 split has a cap of $23,000. The 50/50 split has a cap of $13,000.

[Christine Kankowski]

If you are starting out, they know that they will basically have to hold your hand through the first 5 transactions.  Their fees are high, but have a max, so once you reach that max, you will be fine and in the meantime you will have the support and leads from a large organization.  You need to learn the ropes and they do a good job with that. 

Once you are solid in being able to run a transaction on your own, and building up your own network for leads, you can go to another firm that charges a flat fee annually or per transaction. I have seen some at $650 per transaction, or $4000 Annually, but you need to be able to do everything on your own. 

Hope that helps.