broker splits?

**klinckphilip** · 11-06-2006, 08:15 PM

Originally Posted by Micah Hall

I work in South Carolina for Open House Realty and I don't split my commission with my broker. For a once a year fee of $4995 and a $280 fee for each transaction (taken out of the commission check) I don't give my check to anyone but my wife!

I just wanted to ask starting out mabe even part-time what company should I choose and what is fair. Also have you heard of any part salary part commission companies here.

**klinckphilip** · 11-06-2006, 08:28 PM

what about keller williams they give a 67% split up to 2.2 mill and the only costs are $65 a month for marketing and all that after 2.2 mill you get 100% is this a deal, has anyone used them or are currently a part of them.

Real estate Phil

**Jennifer Allan** · 11-11-2006, 06:16 AM

I also started at Coldwell Banker, and in my town, they were the company that took all the new agents, trained them and then watched them go elsewhere for better splits. I never liked the idea of starting over on my split every year... I just don't see any reason for that.

I do think that first year agents need mentoring and support, but it sounds as if you're ready to assert your "right" to a better commission split. There are plenty of brokerage firms out there and it's so easy to switch companies. The only thing you need to check into is how leaving CB will affect both your current listings (can you take them with you?) and your buyers under contract... sometimes when you leave a company, they'll automatically put you on the minimum split so that when you close the buyer (the buyer deal will almost certainly stay with CB), you get scr*&ed. So it makes sense to time your departure carefully...

Jennifer