I'm currently going after my real estate license. My goal is to use the license to save money on the handful of buy/sell transactions I do a year on my rentals/developments. The split at Keller Williams is 70-30 (25k cap), but if I join a team, I can cut the cap significantly. I'd have some other fees to the "team," but they'd basically handle all the sales, marketing, and conveyancing.
I heard from someone that I could take 0% commission and thus wouldn't have to pay anything to KW...but I'd still have to pay for sales/marketing/conveyancing. Does anyone know if this is true? I can't imagine KW would let me hang their license with them if I'm just going to do 0% commission deals...I assume they have a minimum commission you're allowed to take (like 2%). Does anyone know how this works? Thanks.
@Alex T. It would be at your brokers discretion based on your contract with said broker