My First Closing

I closed my first deal today.  The house sold in 12 days, buyers asked for NO inspections and paid cash for over half of the purchase.  The lender didn't even require a single inspection.

Now I know this is very unusual and I'm glad this was my first deal.  Closing was pretty cool - getting to sit in a closing where I wasn't a buyer or seller was the best part.  Everything went well.

Here's a question for the real estate AR experienced real estate agents out there...

I'm on the start up 60/40 split plan.  I know different agencies do it differently, but my question is how long does it take before you can realitisically go to your manager and talk about 70/30 or higher?  Do you have to be doing a million a year?  Do you need to just be in it a year?

I know some folks already have sweet arrangements with brokers from the very beginning, so if you have that, congrats!  I'm really interested in hearing from folks who've done it the way I'm doing it.

Thanks!