Understanding Brokerages can make a HUGE Difference in Commission
Brokerages are the key to your success as far as how much do they take out of your check and what do they give you for that?
I’ve been with 6 brokerages in the Cleveland metro area and understand the differences of those brokerages and that’s what I’ll be talking about.
I’ve noticed a lot of differences brokerages agents are taught to do the traditional work ethic of making phone calls and door knocking and sphere of influence. With only about 20% of Realtors actually making it in the business that doesn’t seem to be a good plan.
I’m with Key Realty now and I really like being with them as I only have a $5100 a year cap that I can break down at $425 a month. Why is that so good? Why not just pay it all upfront?
For the producers out there $425 a month is just one transactions if you have 2 to 3 transactions a month you get 100% of your money for those transactions for that month. So for example, I had about 10 transactions this month that I only paid on the first one and I got 100% on my commission there after.
The benefit that Property Management and growing my business, too much higher commissions and profits and repeat business from having a Property Management.
