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Updated almost 3 years ago on . Most recent reply
Real Estate Agent Commission Split
Hi everyone - I am in the process of finalizing my pre-requisite class hours to take my real estate license exam. None of the teachers at the school want to throw a number when we ask what is a reasonable expectation for a new agent in their first year to get from their broker in terms of commission split. Understanding that there are endless variables (ie big name broker vs small, desk fees vs none, will they provide training vs limited, etc.) but can anyone provide me a reasonable expectation for a first year agent? Is it 50/50? Is 75/25 or even higher unheard of? I just need a sense going into my first year as I talk to real estate firms.
I'm completely in the dark on this and when I ask the instructors to give something, they always punt on the answer and they say every fee is negotiable. While I certainly understand that to be the case, I really don't have any expectations on fee commission split for first year agents. Any help will be appreciated!
Most Popular Reply
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Interview 5 brokers. Split is probably at the bottom of the list to worry about.
Worry about training ...how much they offer, when, and at what cost.
Get a feel for the culture of where you fit in.
Don't get fooled by brokers that pitch 100%....no one is 100%.....broker has to make money. I would run from anyone pitching you that.
#1 Ask to see the training room....no training room, no training....you want some live training....not all online.
#2 Ask to see the training calendar....no calendar....no training....
#3 Ask how much it costs.
Your split could be any of the above depending if you join a team, on your own, small or large brokerage....