What is the industry standard commission rate for agents

Question

Hello everyone,

I am wondering what is the industry standard when it comes to commission splits between a broker and an agent. It would be a broker that I will be working for exclusively, we specialize in multi family apartments.

Thanks, 
Peter

Tom Goans · Answer

I am a former real estate office owner. Each office determines its own pay structure. It is largely based upon what you have to offer.

Shop around for an idea. What I would offer you is not what the company next door may offer. National companies have a more consistant structure.

Peter Huang · Answer

Tom Goans

Thanks for the reply, I understand what you are saying, but I guess I am just trying to gauge how other agents starting out in MFP CRE negotiated their splits.

Tom Goans · Answer

Peter Huang,

There is no such thing. Commissions and the split are negotiable, just like any employment salary. Moreover, many top producers will have a totally different financial structure from the rest in the office. They earned it.

What is the industry standard commission rate for agents

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