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07-03-2007, 02:09 PM #1
Renter
- Join Date
- Oct 2006
- Posts
- 2
Higher Commission Question
Is it true that the higher your commission split, the more brokers charge you desk fees and lockbox fees, etc?
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07-04-2007, 06:22 AM #2
Fixer Upper
- Join Date
- Jun 2007
- Location
- Miami
- Posts
- 87
Not at all. It really depend on an agency policy. For example. in my agency I started with 50/50 split, which is seems unfair at first. However, I don't pay for anything else, even mail-outs and received free and extensive training. I know from other agencies that split could be 100% to the agent and agent just pays $395 for any transaction. I don't know how these agencies making money, but if it is convenient for them and it works -- why not? So, in general, I don't see this formula is exists -- the more commissions, more desk fees.
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07-05-2007, 05:23 AM #3
Condominium
- Join Date
- Mar 2007
- Location
- Wilmington NC
- Posts
- 315
This is an easy assumption to make however it is not true. As stated above, it depends on the company. I will say however that if you show me a VERY high split rate, it will almost always be matched with a high fee rate. Depending on your conversion rate of business, this may be the way to go.
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