The percentage of commission paid to each agent varies by brokerage. A traditional split works for established brokers, which are able to offer superior services and attract more clients. On the other hand, a 100 percent commission split is less desirable for newer agents, who will struggle to keep up with the higher fees. Brokers have the ability to adjust their commission splits to achieve their goals. This article will explain the most common commission splits and how they differ by brokerage.
Commission splits are designed to help you build a profitable business model. This is about creating a structure that will allow you to grow a steady income and ensure that everyone in your team works towards a common goal. The tiered structure allows top performers to earn more than those who are less successful. Low-performing agents receive support and training while high-performing agents receive leads, training, and support. Both groups are able to benefit from this.
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