Monthly Brokerage Fees?

Question

Hi all,

New agent here. Are there brokerages worth joining that don't come with monthly brokerage fees? Maybe I'm looking at this the wrong way, but rather than pay $100/month in fees, I'd rather spend that on targeted FB and social ads.

But I'm open to being corrected here. Maybe those monthly fees are just standard practice?

Stuart Udis · Answer

As a new agent, go the brokerage with the best support, training and opportunities to work with experienced agents. Most opt for the lowest cost option which inherently attracts the lowest quality agents- not who you want to associate with.

Steve K. · Answer

Training, reputation, market share, number of top-producing agents that you can connect with, learn from and collaborate on transactions with, company culture, support... these are all so much more important than $100/month.

Jules Aton · Answer

This won't really answer your question but $1,200 a year is an inconsequential amount if you are able to join a successful, well respected brokerage. I'd focus on that rather than finding the bargain basement broker if desk rental is common in your area.

Jules Aton · Answer

Kudos for being frugal. It will be a tremendous asset to you early on. Learning when and where to go the less expensive route is a bit nuanced but you will figure it out. Best wishes as you embark on what should be a pleasant and lucrative career.

Chris Mooney · Answer

Hey that’s valid, I appreciate the insight! Definitely a thought I had too, just trying to get a better understanding of where it makes sense to be frugal and where it doesn’t.

Erik Estrada · Answer

You might be able to negotiate this depending on your commission split. Joining a team may also decrease the total costs (marketing, fees, etc..)

Michael K Gallagher · Answer

@Chris Mooney every brokerage will slice up the splits and fees etc in a different way but it all seems to come out the same in the end.  I always say the brokerage or label don't matter its about the people.  Im sure I can find a cheaper option or better option as far as splits or whatever, but I view it more that I'm paying into a better environment type thing.

Monthly Brokerage Fees?

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