In my 26-year career in real estate, I have had the unique opportunity to not only run one of the most successful brokerages in the nation, but to build a brokerage from scratch and franchise it. One of the biggest problems we faced was deciding which splits and fees to offer to attract the types of agents we wanted while still remaining profitable.
Over the years, I learned an important lesson about agent compensation: How you pay your agents can be more important than how much you pay your agents. Why? Because it doesn’t matter what your splits and fees are if you have no agents.
[Read more…] about The Best Splits & Fees to Charge Your Agents in 2021