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Best Overall Real Estate Company to Work For: Keller Williams. Keller Williams Realty is a national brokerage, lauded as our best overall due to their generous agent commissions and extensive continuing education options.
Step 1: Ask about the commission split. Step 2: Evaluate the brokerage culture. Step 3: Decide between a franchise or independent brokerage. Step 4: Learn its reputation and niche. Step 5: Make sure it will offer support.
Check out the local housing market in person. Mingle with listing agents at open houses. Compare agent reviews. Ask for referrals. Interview at least three agents. Ask the right questions. Share your communication preferences. Clarify your motivation for selling.
Real estate agents have to work under a broker when they get their license. Working under a broker does not mean you have to be on a broker's team or be their assistant. It means you have to hang your license in the office of a broker, and they will oversee your activities.
Suggested clip Real Estate Brokerage Interview Tips — YouTubeYouTubeStart of suggested client of suggested clip Real Estate Brokerage Interview Tips — YouTube
New agents typically receive a lower split of 60/40 until they reach $23,000 in commission. After that, they move to a 95/5 split for the remainder of the year. Other commission options may include a 70/30 split or an 80/20 split until the agents reach $23,000 in commission, and then they are moved to a 95/5 split.
Some offices may offer a 55/45 split, where agents keep 55% of their commissions while the brokerage gets 45%. Others provide a 60/40 split, which is still a high cost to the agent compared to other franchises. Caldwell Banker is known as being one of the most tech-forward franchises in the industry.
A real estate commission split is the fee a brokerage collects for the service of helping a buyer purchase a property or a seller to list and sell a property. Average real estate commission splits traditionally range from 50/50 to 70/30, largely depending on the brokerage you work for and the market you are working in.
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