Hi Angela!
I'm a new agent here in the area too! I chose Keller Williams at Somerset/Troy and after 3 months, I'm confident it was the best decision! While agents are all 1099 independent contractors, Keller Williams offers more for less. We are going to be so far ahead and keep going with what we invest in technology.
Commission is 1st year: 60 you 40 brokerage + a small fee for coaching for 1st year. Cap at $18,000 + $3,000 royalties. So after you do about 1.5 million in Volume (not a whole lot once you understand it a bit more, your goal for year is about 5-10 million starting out just for rough numbers) you get 100% of your commissions!
2nd year: 70/30 split with same $18,000 cap.
Office fee, I believe is about $50 a month.
You can then also join a team within the Brokerage if you want, which you would then have another split, but your cap drops even lower, and obviously you're getting more support/leads.
I'm going the solo route for now... 3 months in and I have 1 deal closed, 4 pending, a few other contracts. Which isn't enough for me, but I'm starting to believe in the snowball effect and the long term game, which is why I'm excited sharing.
Message me if you (or anyone else) wants to chat more! The office I'm at is great, but its the same for Keller Williams anywhere.
