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Old 07-24-2008 | 05:00 PM
  #5  
HercDriver130
Gets Weekends Off
 
Joined: Jul 2007
Posts: 4,772
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From: 744 CA
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Did the realestate thing for 3 years as both an agent and broker.... TOUGH business.... let me say I have many good friends in the business but as a whole they are just a step above a used car salesman .... very cut throat business. And the WALMART mentality of America has put a strain on the traditional real estate shop... if anything its a nice sideline.... The company I worked for worked on the modified california split structure for commission payouts. Just remember there are always 4 parties to the commission... 2 agents and 2 companies... and yes they could all be one in the same. A 6% commission on a 100000 dollar house yields the new agent a 3000 dollar commission on average... then to be split with his company at 50% to start ( the company split usually gets smaller with more and more sales )... NOTE... the other half of the commission goes to the other agent and company......the good thing is a smart agent can right off nearly everything in their life as a business expense....
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