Is this a fair commission split from my team?

[Austin Lehman]

Hello Everyone!

So, I have been a real estate agent for 2 years now and last year I had about 8.5million in volume with 31 transactions. My team split is 55/45 so I about 241k in commissions but got paid about 135k last year. This year Im heading towards 10million+ and they talk of no commission split changes. The team does offer a full time transaction coordinator and marketing coordinator. They also do give a couple leads a year. Do you believe this is a fair split?

[Sebastian Marroquin]

Most people work in a team initially to get experience and a team that supports them on the back end. You have to assess how much work you did or did not do to get the leads for last year and for this year. If you are getting all the leads, closing the consultation and listing the homes or getting buyers into escrow without their help… then you have to reassess and move along. 

But if they are giving you leases, open house opp. Etc then you need them my friend. 

It doesn’t sound like you need them and you may be fearful in moving solo… don’t be… 

Use 20k from last year’s earnings and a portion of this year’s earnings and go solo. Even if you sell 50% less on your own, you will be building a business and make the same amount of money anyway. I would have a conversation with them and give them a chance to re-negotiate with them… likely they won’t as teams have to stay at around 50/50 to survive. But a TC will charge you $300 per transaction and you could get an assistant for about $24k to $30k per year. Do your numbers, do your assessments, get coaching from Buffini or Tom ferry and make $200k plus this year and moving forward. If you need training : go to Keller WIlliams realty.