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Updated over 5 years ago on . Most recent reply

New real estate agent
I'm a newly licensed broker in the Springfield IL area looking for some advice on picking the right brokerage. I had a meeting today with a large company offering me a 50/50 commission split until I reach $16,000 then I will get 95% split. They also said I will have to pay $1,600 upfront for various fees. Is the $1,600 normal? This seems like a lot to ask for upfront to me. Does anyone have suggestions for good companies to apply with or good terms with a brokerage?
Most Popular Reply

I would recommenced interviewing at least 5 brokerages before you commit to one. Make sure to ask about desk fees, what's included in those fees. The 50/50 split seems high even for starting out but the 95/5 after $16k is pretty nice.