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Updated over 4 years ago on . Most recent reply
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- Real Estate Broker
- New Brunswick, NJ
- 2,134
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Starting a Brokerage - Need realtor opinions
Hey guys, I am planning to open my own brokerage in 2021. We have a vertically integrated business right now where we have in-house construction, in-house property management and now we will have in-house brokerage. I want to hire a lot of realtors and let them do their thing as I have a lot of things on my plate as the owner.
The popular model right now (for those who are great realtors) is having a realtor pay the broker the first $10k of their commission and then splitting it 95/5 or 100/0% the rest of the way.
I am thinking more of 90/10 but pouring the 10% that the house earns, back into marketing for the realtors.
I'd appreciate any ideas realtors have as to what would make for a successful brokerage, both financially and from a growth perspective.
- Peter Tverdov
- [email protected]
- 732-289-3823