Why do people become real estate brokers if not for the incredible opportunity to make a lot of money in a single transaction? Of course there are other reasons too; it can offer a flexible schedule, some live for the thrill of the sell, and, particularly in New York, some may enjoy the chance to network with celebrities and the socialites Yet, few would argue that money is the draw, and the ability to keep more of what they sell is always alluring.
Most brokers only see a small percentage of their commission, and few are aware that they can actually keep 100 percent of it if they knew the secret.
Under the traditional real estate broker commission model, broker’s commissions are generally preset, and once a real estate transaction is completed, the commission paid by the seller is divided between the broker and the brokerage, and the broker’s portion is further divided by various fees and expenses tied into the brokerage’s agreement, such as advertising, office space and supplies and even other associate’s fees. The broker does 100% of the legwork, but the broker generally gets less than 50% of the commission.
Why split your commission? After all of the time invested in training courses and licensing exams and finding the right market to work in, wouldn’t a broker rather keep virtually 100% of the commission they’ve worked so hard for? There is a method where Smart Brokers simply pay a set monthly fee of $99 and a small fee (never more than $2000) based on the value of the transaction, leaving them just about 100% of the commission.
It’s really very simple. The broker does the work, and the broker keeps the money.
Corporate PR & Corporate Communications
By EPR Editorial Team4 min read
Charles Rutenberg New York On The Benefit of Getting the Entire Commission
By EPR Editorial Team4 min read
Why do people become real estate brokers if not for the incredible opportunity to make a lot of money in a single transaction? Of course there are other reasons too; it can offer a flexible schedule, some live for the thrill of the sell, and, particularly in New York, some may enjoy the chance to network with celebrities and the socialites Yet, few would argue that money is the draw, and the ability to keep more of what they sell is always alluring.
Most brokers only see a small percentage of their commission, and few are aware that they can actually keep 100 percent of it if they knew the secret.
Under the traditional real estate broker commission model, broker’s commissions are generally preset, and once a real estate transaction is completed, the commission paid by the seller is divided between the broker and the brokerage, and the broker’s portion is further divided by various fees and expenses tied into the brokerage’s agreement, such as advertising, office space and supplies and even other associate’s fees. The broker does 100% of the legwork, but the broker generally gets less than 50% of the commission.
Why split your commission? After all of the time invested in training courses and licensing exams and finding the right market to work in, wouldn’t a broker rather keep virtually 100% of the commission they’ve worked so hard for? There is a method where Smart Brokers simply pay a set monthly fee of $99 and a small fee (never more than $2000) based on the value of the transaction, leaving them just about 100% of the commission.
It’s really very simple. The broker does the work, and the broker keeps the money.
Written by
EPR Editorial Team
The Everything-PR Editorial Team produces reporting, research, and analysis across thirty verticals — communications, reputation, AI visibility, public affairs, media systems, and digital discovery in the answer-engine era. Publishing since 2009.
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