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Started By
Message
re: Real Estate Agents Question
Posted on 10/12/13 at 9:19 am to ItNeverRains
Posted on 10/12/13 at 9:19 am to ItNeverRains
Well that was an easy test
2
Posted on 10/13/13 at 5:04 pm to trillhog
Just wondering, if century 21 is charging a seller say 6%, what amount of that does the agent get?
Posted on 10/13/13 at 8:20 pm to trillhog
Well don't forget to take your post licensing within 180 days and your 12 hours of continuing education.
Posted on 10/14/13 at 9:38 am to thibtigerfan
i have no idea, i just got mine so i could legally get a fee
Posted on 10/15/13 at 12:55 pm to thibtigerfan
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.
Posted on 10/15/13 at 2:04 pm to ItNeverRains
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.
We actually end up with very little of that 6% or whatever in our pocket.
Posted on 10/15/13 at 2:54 pm to lsubandmom
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
Posted on 10/15/13 at 3:41 pm to Alabama Slim
40% seems to be the standard in Baton Rouge for the major brokerages
Posted on 10/15/13 at 5:11 pm to ItNeverRains
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 %.
Posted on 10/16/13 at 7:25 pm to lsubandmom
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.
Posted on 10/16/13 at 10:09 pm to ItNeverRains
yeah the $250 online class I took in less than a month is a whole lot of skin in the game.Posted on 10/17/13 at 4:42 am to trillhog
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.
Posted on 10/17/13 at 12:00 pm to trillhog
If prepared, you will rape that test.
Posted on 10/17/13 at 12:10 pm to ItNeverRains
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?
Posted on 10/17/13 at 2:03 pm to VABuckeye
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.
Posted on 10/17/13 at 2:55 pm to BigAppleTiger
I'm cool, that guy just went after me in another thread calling me a pos and all kinds of stuff, so frick him.
Posted on 10/17/13 at 3:11 pm to trillhog
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.
Posted on 10/17/13 at 4:06 pm to Janky
We'll you definitely don't know shite either
Posted on 10/17/13 at 4:11 pm to trillhog
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.
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.
Posted on 10/17/13 at 4:11 pm to trillhog
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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