Flat Rate vs. broker split [Archive] - Real Estate Insider Forum
 
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Warza
02-22-2007, 09:36 AM
I have been in the buisness for about a year. I am currently on a 50 50 split with my broker. I was told by a friend that it's possible to give some brokers a flat fee per month instead.
Is this common? Do franchises like Coldwell Banker ect... ever offer this?
Thanks,

David
02-24-2007, 01:20 AM
You can do the standard 50-50 deal or pay a desk fee. I believe ReMax and possibly Coldwell Bankers do this strategy. The question is, is it worth it for you to pay $800 per month, error and ommissions insurance and any other possible fees per month? You have to see how your business is going and decide that for yourself. There are also a lot of brokers that start you at the 50/50 and once you hit a certain number per year you are on 100% without having to pay the desk fee. Like your other question, the answer is up to you.