Rainer
279,928
279,928
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar
Ambassador
6,696,763
6,696,763
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671
We all start with the same percentage, producers cap quickly and it is free for the rest of the year.
Sep 16, 2019 08:56 PM
Rainmaker
3,074,389
3,074,389
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty
We have a structured program for new agents that includes splits becoming larger as they demonstrate competency in key areas...
May 21, 2017 06:02 AM
Ambassador
3,763,935
3,763,935
RLAH@properties - Washington, DC
Home in the Capital
In my experience, splits are determined by productivity. And new agents tend to need more hand-holding and they usually aren't productive immediately. While new agents may start at a lower split, they can move up the ladder reasonably quickly as they start to get results.
Jan 24, 2015 11:20 PM
Rainmaker
4,434,227
4,434,227
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
The others have given you good advice. I started in 1992 and got a 50-50 split.
Jan 24, 2015 10:36 PM
Rainmaker
1,683,918
1,683,918
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN
No less than a 50/50 split when starting or they will find someone else.
Jan 24, 2015 01:13 PM
Rainmaker
2,443,346
2,443,346
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!
I give a 50/50 to new agents and all agents until they reach the established plateau.
Jan 24, 2015 12:46 PM
Rainmaker
4,322,035
4,322,035
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale
It all depends - if someone is smart and wants to work hard, I'd still pay them higher split whereas someone has experience of 15 years but not much of motivation, I'd prefer a lower split.
One way you can handle this William Feela is by giving extra bonus on production or a tiered split.
Jan 24, 2015 12:16 PM
Rainmaker
443,220
443,220
SD Home Source Realty - San Diego, CA
In my experience, new agents always start at lower splits. New follks require time and training...
Jan 24, 2015 08:52 AM
Rainer
38,740
38,740
Addison Wolfe Real Estate - New Hope, PA
. . . A Contrasting Point of View in Bucks County
William Feela I'm glad you asked that, and it brings up a related question in my mind. Are mentoring fees common? The brokerage I've been with since the late 90's doesn't do such a thing, we all simply pull-together & it's yielded some wonderful agents. A brokerage I was briefly affiliated with in FL, had rather strict/aggressive mentoring fees - it seemed to me that some agents could take advantage of or be taken advantage by this.
Which approach is the norm?
Jan 24, 2015 08:47 AM