Broker Splits - What's common / the range?

[Jim Goebel]

We're evaluating options as we think about integrating a flip or two per year, in addition to our buy and hold efforts.  In doing so, we're wondering what typical broker/agent splits are.

Also I'd be curious on folks' candid opinions on the amount of steering that happens by realtors AWAY from FSBO listings. I know they're not supposed to, but we're evaluating options in listing these properties - and I'd be surprised if demand from real estate agents and their buyers was 100% the same for FSBO listings as for MLS listings given the competing business model, and all.

[Mike Cumbie]

Hi @Jim Goebel

I don't steer away. My conversation normally goes like this.

"Hey Tony, I found a FSBO that fits your needs. They aren't paying a commission on it so if you want me to set it up I can do that but you will be responsible for my fee".

"Oooooh jees.... Um I guess that's OK"

"OK great, let me write up this contract for you to sign"

"You know what, lets just go look at something else, how's that one on Elm?"