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Updated over 10 years ago on . Most recent reply

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Dell Schlabach
  • Investor
  • Canton-Akron, OH
476
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916
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Pay structure for an Agents who work on a team ?

Dell Schlabach
  • Investor
  • Canton-Akron, OH
Posted

We are doing some restructuring for 2015. 

Couple questions  ...

1. Realtors with a team, can an an individual Realtor, who has a more properties then he can handle himself, hire a Realtor to work for him exclusively, for a profit split, or a wage and commission structure, I see many of the top agents have teams, wondering what that setup and pay structure typically looks like. 

Does the agent with a team, doing the "hiring" need to be a broker?

  • Dell Schlabach
  • Most Popular Reply

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    Bill Gulley#3 Guru, Book, & Course Reviews Contributor
    • Investor, Entrepreneur, Educator
    • Springfield, MO
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    Bill Gulley#3 Guru, Book, & Course Reviews Contributor
    • Investor, Entrepreneur, Educator
    • Springfield, MO
    Replied

    Agents working together must be under the same broker, unless the brokers agree to the splits between agents. Agents may have a "team" but generally those folks are administrative, as I pointed out in your other post on this topic. It takes a broker to hire or employ an agent, they may be a managing broker working under a owner/broker of the real estate company.

    Again, the best thing if you're trying to save on commissions is to get your broker's license. :) 

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