Real Estate Agents Question - Page 2 - TigerDroppings.com

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trillhog
Elite Membership
Member since Jul 2011
18772 posts

re: Real Estate Agents Question


Well that was an easy test





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thibtigerfan
LSU Fan
Thibodaux
Member since Aug 2006
1906 posts

re: Real Estate Agents Question


Just wondering, if century 21 is charging a seller say 6%, what amount of that does the agent get?





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DieSmilen
Southeastern LA Fan
My Rubbermaid Desk
Member since Dec 2007
1277 posts

re: Real Estate Agents Question


Well don't forget to take your post licensing within 180 days and your 12 hours of continuing education.





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trillhog
Elite Membership
Member since Jul 2011
18772 posts

re: Real Estate Agents Question


i have no idea, i just got mine so i could legally get a fee





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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
6362 posts

re: Real Estate Agents Question


quote:

Just wondering, if century 21 is charging a seller say 6%, what amount of that does the agent get?


A standard 6% commission will be split between the sellers agent! and the buyers agent. Each agent will take 3%.

3% + 3% = 6%. No one person makes 6% unless dual agency is established, and usually then the broker will discount %.

The percentage an affiliate pays brokerage is anywhere from 0% - 25%, depending on how their contract was negotiated.

Trill, 99.99999999% of all contracts clearly state commissions will be paid to an active participating member of local real estate commission. Your license needs to be hanging at a brokerage, otherwise, you'll be complaining here again shortly.










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lsubandmom
LSU Fan
Lafayette
Member since Oct 2007
820 posts

re: Real Estate Agents Question


0% - 25% to brokerage?? In Louisiana, you would be very lucky to get off paying only 30% to your broker and many pay as much as 50%. Company I work for caps the company dollar annually and you will get 100% after that. Up until cap, it is a 70/30 split before franchise fees.

We actually end up with very little of that 6% or whatever in our pocket.






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Alabama Slim
Alabama Fan
2009,2011 BCS National Champions
Member since Jul 2007
9452 posts

re: Real Estate Agents Question


quote:

Company I work for caps the company dollar annually and you will get 100% after that. Up until cap, it is a 70/30 split before franchise fees.


this






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vemnox
LSU Fan
Baton Rouge, LA
Member since Oct 2003
27 posts

re: Real Estate Agents Question


40% seems to be the standard in Baton Rouge for the major brokerages





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trillhog
Elite Membership
Member since Jul 2011
18772 posts

re: Real Estate Agents Question


No shite Sherlock , you amaze me how you act like this is rocket science. I have a friend that owns a real estate company and is also the principal broker, I'm signing up under him and giving him a %.





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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
6362 posts

re: Real Estate Agents Question


quote:

0% - 25% to brokerage?? In Louisiana, you would be very lucky to get off paying only 30% to your broker and many pay as much as 50%. Company I work for caps the company dollar annually and you will get 100% after that. Up until cap, it is a 70/30 split before franchise fees. We actually end up with very little of that 6% or whatever in our pocket.


I can see that. Median priced home in my market is almost 400k, so brokerage can be a little more generous to agents and still make more $ than average brokerage in LA.

50% is a joke.

Trill, congrats on having skin in the game, good luck.






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trillhog
Elite Membership
Member since Jul 2011
18772 posts

re: Real Estate Agents Question


yeah the $250 online class I took in less than a month is a whole lot of skin in the game.





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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
6362 posts

re: Real Estate Agents Question


quote:

yeah the $250 online class I took in less than a month is a whole lot of skin in the game.


No E&O ins, association dues, MLS fees, desk fees?

You'd be out a little more the $250 in my market. Guess your local association doesn't have operating costs like ours. Or they do and you're lying, clueless, or both.






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BananaHammock
LSU Fan
Californication
Member since Aug 2011
8423 posts

re: Real Estate Agents Question


If prepared, you will rape that test.





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VABuckeye
Ohio State Fan
Oak Hill, VA
Member since Dec 2007
11217 posts

re: Real Estate Agents Question


quote:

Guess your local association doesn't have operating costs like ours. Or they do and you're lying, clueless, or both.


He knows everything about everything, pal. Haven't you figured that out by now?






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BigAppleTiger
LSU Fan
New York City
Member since Dec 2008
6294 posts

re: Real Estate Agents Question


quote:

He knows everything about everything, pal. Haven't you figured that out by now?


I am of the opinion he may just be of the plain ole a-hole variety.






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trillhog
Elite Membership
Member since Jul 2011
18772 posts

re: Real Estate Agents Question


I'm cool, that guy just went after me in another thread calling me a pos and all kinds of stuff, so frick him.





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Janky
LSU Fan
Team Primo
Member since Jun 2011
8045 posts

re: Real Estate Agents Question


quote:

I'm cool, that guy just went after me in another thread calling me a pos and all kinds of stuff, so frick him.


I remember that thread and he was and still is 100% correct.






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trillhog
Elite Membership
Member since Jul 2011
18772 posts

re: Real Estate Agents Question


We'll you definitely don't know shite either





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lsubandmom
LSU Fan
Lafayette
Member since Oct 2007
820 posts

re: Real Estate Agents Question


The first of many checks you will write. As someone else mentioned, it doesn't come cheap belonging to your local realtor's association, paying MLS fees, E&O and a multitude of other things that come up. Also, you might want to change your attitude a bit - the customer is always right you know. At least that is what you have always told us other real estate agents.

All jokes aside, you do take on a lot of liability and need to show some professionalism. I hope it works out for you. I've been doing it for many years and it has worked out well for me.






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Janky
LSU Fan
Team Primo
Member since Jun 2011
8045 posts

re: Real Estate Agents Question


quote:

We'll you definitely don't know shite either


Of course not, only you do.

You know the old saying, if you think everyone you meet is a dickhead.....chances are you are the dickhead.






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