In the world of real estate, the question of which brand offers the best commission splits is common, but it is also misleading. The real measure of value is not tied to a commission split, rather it is about understanding how much you keep in your pocket and the brokerage support that drives your net income, not just your revenue.
The Inman™ Survey Insight: more than just splits
Inman Survey Findings: Inman is a leading source of information for the real estate industry, and a recent survey highlights that commission splits, while important, are not the only key to an agent’s success. The survey results point out the importance of company culture and in-house support, which are crucial for sustainable success in real estate.
Hidden Costs in 100% Commission Models
Agents are often attracted to 100% commission models, but these come with hidden costs.
Additional Expenses: Agents may have to pay for essentials like photocopying, transaction fees, desk fees, use of meeting rooms, and more. These costs add up and impact the income you retain.
Time as Currency: The time you spend on non-revenue driving activities need to be thought of as a cost to your business. Be sure to consider the time spent on tasks that could be supported or completed by your brokerage. And, whether they charge to help you with these tasks and services.
Key Factors to Consider
When choosing a real estate brokerage, several factors should be considered.
Company Culture: A supportive and collaborative culture is essential for professional growth and personal fulfillment.
In-House Support: Look for training, coaching, marketing tools, efficient technology, and administrative assistance.
Costs Beyond Commission: Be aware of those extra costs that can affect your overall net earnings.
Why Royal LePage® Stands Out
Royal LePage offers more than just competitive compensation and fee plans. It provides comprehensive support, marketing and technology tools that enhance an agent’s ability to earn and maximize their productivity.
Royal LePage is recognized in the industry for its supportive and collaborative community of leaders, managers and peers. Royal LePage® is invested in your success!
The Best Value for Agents
While your commission split is a consideration, it shouldn’t be the primary factor in choosing a real estate brokerage. Royal LePage exemplifies the best value by offering:
A Supportive Culture: Essential for job satisfaction, growth and longevity.
Robust Services: To boost your efficiency, effectiveness and income!
A Transparent Fee Structure: Ensures you understand all costs involved.
By delivering optimal value, Royal LePage supports its agents in achieving high production revenues and in maximizing their earning potential.
Interested in learning more about commission splits at Royal LePage? Visit royallepage.ca/joinus to connect with a local broker.
