I am interested in hearing what other typical company deals are. I am a Keller Williams agent here. I picked KW because I liked what I heard from other people who went to KW from other companies. One of the biggest group of people I heard from were a group who left RE/MAX to start a KW office in the state I moved away from. They had nothing but great things to say. I then talked with a few people who joined later on and heard nothing but positive as well.
Next thing I know I am here in NJ I have left my RE/MAX office in another state, and I am looking at RE/MAX offices here. They are all quoting me $2000 a month in desk fees, and I am thinking to myself, OK, but the market is slow and I am starting over again in NJ, so Keller Williams gets a try. I have to say I like it very much. The helpfulness of people has been greatly appreciated and of extreme benefit.
Here is the deal though:
Keller Williams
You Keep
Transaction $ amount
Split
Before your expenses
$1,000,000.00 * 2.5%
64/36
$16,000
$2,000,000.00 * 2.5%
64/36
$32,000
$3,000,000.00 * 2.5%
70/30
$49,500
$4,000,000.00 * 2.5%
70/30
$67,000
$5,000,000.00 * 2.5%
100/0
$90,000
$6,000,000.00 * 2.5%
100/0
$115,000
$7,000,000.00 * 2.5%
100/0
$140,000
$8,000,000.00 * 2.5%
100/0
$165,000
$9,000,000.00 * 2.5%
100/0
$190,000
$10,000,000.00 * 2.5%
100/0
$215,000
$11,000,000.00 * 2.5%
100/0
$240,000
$12,000,000.00 * 2.5%
100/0
$265,000
Once you reach about $4,220,000 you cap out in Keller Williams terms meaning you keep all of the rest of your commission income less anything you personally spend as expenses. I am told we have many agents who cap out in their first month each year so they are on a 100% split for the rest of the year.
What is the deal you have at your company??
Is it better than this deal?? If Not Do You Care?? Lets have a open discussion.
5 Comments on Are you Getting A Good Deal???
New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
Morristown, NJ
More about me
RE/MAX Properties Unlimited, Real Estate
Office Phone: (973) 539-6300
Cell Phone: (973) 647-0253
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Morristown, Madison, Chatham, Parsippany, Summit NJ and Surrounding Communities Real Estate
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