New Agent - How To Split Up Commission Check?

[Billy Davidson]

Hi All,

I am a new real estate agent in Ventura, CA. I recently took the jump from being a CPA, which was boring and not fulfilling to becoming a real estate agent. I have other streams of income, but I wanted to reach out to BP to see what everybody thought when it comes to splitting up your commission checks. Below are the 4 categories I was thinking of splitting my commission check into:

• Taxes – not enough agents account for this
• Investing in your business – marketing, tools, etc.
• Personal day-to-day expenses
• Investments -into other streams of income - Stocks, RE investments, etc.

These were the 4 major categories I could think of and I was curious as to how people would split these up based on a percentage. Below were my thoughts, but I wanted to see what you thought

• Taxes – 35%
• Investing in business – 20%
• Personal day-to-day expenses – 25%
• Other streams of income (investments) – 20%

Would love to hear what everybody thinks. Thanks in advance.