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Is this a good deal for first brokerage?
I recently got licensed in my state to be a real estate salesperson and got a job offer. Its a 13k per year desk fee that is paid with a 50/50 split till it is paid. Once I make 26k total in commision I get 100% of my commisions. This includes a desk, advertising, business cards, internet access and leads and voicemail and a web site. It also lets me sell my own properties for a $250 fee and buy for a $750 fee which would be good because the main reason I got into this line of work was for flipping houses. Does this sound like a good deal?
Well its just 50/50 till I pay the 13k, I dont have to pay it out of my pocket, then I get 100%. If youre getting paid 60/40 and have to pay a monthly desk fee then this seems to be better
3 Answers
- 1 decade agoFavorite Answer
Well, in our office we charge $300 monthly for the desk fee. This includes the technology (web site, email) and your office or cubicle. A new agent usually gets a split of 60/40 until they make 75,000 for the office. We just started doing this. After they have made 75,000 for the office they go to a 90/10 split. We do not charge any fee's for the agent to buy or sell property. I have worked in another office and the splits are very similar to ours for new agents. I think that it is great that once you reach 26k you will get all of your commission, i just think the desk fee is high.
- Anonymous1 decade ago
No way man, that deal bites. Try to find companies like:
www.bid4agents.com
Also, try to hook up with an investor with a broker's license who will just charge you a low flat fee or give you a high split with no monthly fees.
Regards
Source(s): Satar Naghshineh satarnag@amirifinancial.com www.amirifinancial.com Licensed California Real Estate Broker and Investor - Anonymous1 decade ago
I wouldn't know. As a police officer who as two degrees and going for his third, I'm a uneducated - power tripping - ego maniac. But I do know that you're an idiot to be getting into real estate and ask questions like these on Yahoo!Answers instead of getting REAL advice from someone with experiance. Genius ...