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What's The Most Common Reason For A Seasoned Agent To Jump Ship ?

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Services for Real Estate Pros with RE/MAX Executive Realty - Happily Retired 104763

Do you remember the days when agents were on a 50/50 split with the office on each commission without any variation?  It was a common offering at all real estate offices in my area, without exception.  Then we noticed the sliding scale.  As production improved for an agent, so too did the split with the office.  The maximum split would usually top off at 80/20 or 75/25, but the following year, the split would be knocked back down to 50/50 and the process would start again. 

Now, I'm finding that offices, including RE/MAX offices, are offering a variety of splits and programs to assist in recruiting the top agents who are not being compensated as properly at other offices as they should.  It's certainly a competitive playing field when it comes to recruiting.  A pleasant, work friendly environment is as important a factor as any, but income is what we work to receive.  So, in my opinion, income is as important as workplace environment.  It may be time to review and rewrite your commission split offerings to continue to be competitive with other real estate offices when attempting to recruit seasoned agents.

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Barbara Todaro, Great Grandmother to Caleb, Santino, Aiden and Gianni       

Todaro Team - Retired

508-918-9148

               

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Comments(10)

Edward & Celia Maddox
The Celtic Connection Realty - Queen Creek, AZ
EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

Thanks for posting. We always learn a lot of good information from Active Rain blogs. Best Regards,

Feb 17, 2010 12:56 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Edward & Celia.....thanks for stopping by....

Feb 17, 2010 12:59 AM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

While money may be an issue, I think it is because someone was paying attention to them and acknowledged their worth - whether by inviting them to lunch or making the phone call....SMART brokers pay attention to their agents, know what is going on in THEIR lives and THEIR businesses...

Feb 17, 2010 04:24 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Wallace....you're right....everyone needs to be acknowledged not just the top few....thank you for commenting.

Feb 17, 2010 04:27 AM
Diane Daley
Caron's Gateway Real Estate - Northumberland, NH

Knowing who you are working with and the compensation scale should be discussed before starting to work at an office, food for thought pay them what they are worth... 

Feb 17, 2010 06:34 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I fully agree.....we do that....

Feb 17, 2010 06:37 AM
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Barbara--I am glad I made a good decision at the beginning of my career.  Changing offices was never a consideration for me.  However, I understand why some people feel the need.  As a former manager recruiting was my forte. 

Money is only one reason.  Lack of training and support are others. Good post for those considering a change.

Feb 17, 2010 10:46 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Thanks, Mary.....I have done recruiting for over 25 years.....we have no turnover in our office.....it's a good place to work.

Feb 17, 2010 05:09 PM
Katie McBride
RE/MAX Executive Realty - Hopkinton, MA
The McBride Team

That's why I work for RE/MAX Executive Realty.  We are valued and taken care of in commissions.

Feb 17, 2010 10:25 PM
Bob Davenport
Realty Central Inc. - Carbondale, IL

I am building a team and doing research to find how to compensate them. Thanks for the post..

Jan 11, 2015 03:33 AM