Interviewing brokers now, how does this commission plan sound?
Interviewed a smaller broker yesterday and here is how they structure their commissions. Cycle starts Jan first through Dec 31st each year. Broker has a listing and closing coordinator and also an associate to assist with marketing. Broker pays for all lock boxes and yard signs, agent pays if lost.
60/40 for first $110,000 of gross commissions
Next $70,000 is 70/30
$180,000 and over is 80/20
Avg home in our area is probably $300-$350k
How does this compensation plan sound?