Looking for a favorable commission brokerage for new RE Agent
Hi all,
I just passed the real estate license exam here in Chicago, my intention is to do this for family business purposes and am looking for a favorable commission structure. I found one brokerage, Kale Realty who have the commissions going 100% to broker but you pay $325 per transaction, for rentals its 80% to broker and $15 per transaction. In addition you pay $49 monthly fee + $199 annual errors and omission insurance.
For someone who is most likely only going to do a handful of transactions a year mostly in renting, does this sound like a fair deal or are there better alternatives?
Thanks!