Before a salesperson is compensated, doesn't an agreement have to exist between the broker and the salesperson regarding the amount or type of compensation with the company?
Do you share the commission from the transaction or receive a fixed salary?
To be entitled to a commission one must be licensed, a procuring cause of the sale, and employed by your seller, or buyer, under a legitimate, binding, and legally acceptable contract.
What kind of commission plans have you experienced in your career as a real estate professional?
100%, splits of varying degree, 50/50, graduated, compensated with service charges ?
Thanks to all for your good thoughts.