Job Offer as a buyers agent

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Job Offer as a buyers agent

Dave Kennedy
Real Estate Investor · Georgetown, MA · Member since 2008 · 250 posts · 6 votes

So I got an offer today to become a buyers agent at a small start up shop. They seem to be doing quite well and they are looking to add agents to expand their buyer side of business.

My question is what is a fair commission split? I see splits range from 50/50 to 95/5(DOE). Obviously you have fees when you are up in the 95% range.

I have my license but have never worked as an agent so it would be all new. It sounds like they do extensive marketing at not cost and I have no desk fees or MLS fees. But they said I'd only be getting 40% to start and work my way up to 50%. It sounds like I'll be able to learn a lot and they will mentor but 40% seems a lot lower then I was expecting.

What do you guys think? I was hoping for 60/40 and at worst 50/50.

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  • Mark Brian
    Involved In Real Estate · Anderson, SC · Member since 2008 · 350 posts · 70 votes
    17y

    What about training? Since you are a new agent you need training.

    A 90% split might sound nice, but when you add in the desk fess and other stuff, it is no better than a 50% split in some cases.

    If you have the volume of sales, a 50/50 split may be OK with no other expenses.

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  • Dave Kennedy
    OP
    Real Estate Investor · Georgetown, MA · Member since 2008 · 250 posts · 6 votes
    17y

    Yes I need training so I am accounting for that and there are no fees.

    I was just expecting 60% maybe 70% with no fees.

    I'm not sure the type of volume I'll be getting and 40% seems a lot lower then what I hear within the industry.

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  • Dave P.
    Real Estate Consultant · Member since 2008 · 792 posts · 30 votes
    17y

    We start at 50% and provide tons of training and leads.

    I've never heard of 40%. Either the company rocks or completely sucks. There is no in between on that one.

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  • Dave P.
    Real Estate Consultant · Member since 2008 · 792 posts · 30 votes
    17y

    ps - Don't fall for the buyer agent garbage. Get your own listings. Where do you think those buyer leads come from?

    If you can't learn to get a listing now, you NEVER will.

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  • Josh Green
    Financial Advisor · Tampa Area, FL · Member since 2008 · 956 posts · 214 votes
    17y

    dave, what did you end up doing?

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  • Dave Kennedy
    OP
    Real Estate Investor · Georgetown, MA · Member since 2008 · 250 posts · 6 votes
    17y

    I ended up turning down the offer for other better opportunities.

    I appreciate everyones input here.

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