There are several basic types of real estate companies today. Typically you're an independent contractor building your own localized real estate organization under their company name. Only your desire, work ethic and effective marketing limit your income. However, new companies are emerging where you can be an employee. The success your have in Real Estate will be a function of placing your license with the right Broker.
Here' an overview:
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Traditional Companies
Your split typically starts at 50-60% of the commission earned
Your split will increase with your production to 80-90%
You get a desk with phone, forms and some generic marketing materials
You get some training, typically for the first 60-90 days
You get their company image and possibly some leads
You pay for your own business cards, personal marketing, etc.
The 100 Percent Companies
You keep 100 % of your commissions
You typically pay a transaction fee for each sale
You lease a desk or office space
You typically pay for all marketing materials and forms
You pay for all incoming faxes, copies, etc. |
| The hybrid of the traditional/100% companies
You start with a 70% split then earn 100% when you sell over $2 Million
You get a desk or lease an office
You get forms and contracts and some generic marketing materials
You receive ongoing training and consulting
You get profit sharing paid from the company's split
Employer companies (new)
You get a company car, benefits, and salary to start and then a draw
You work from your home
They provide the marketing materials and leads
For a personal, neutral phone consultation on the best program for you,
call 602-308-4881.
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