It isn't easy being a traditional broker these days. The onset of the 100% concept as seen by ReMax and Realty Executives presents many brokers with a tough choice. They either have to watch their heavy producers walk out the door or start paying much higher commission rates to them. Back in the day when brokerage income was split evenly there was some breathing room but not any more with payouts averaging abut 70%. A few months ago a gentleman I have known since he was about 5 years old became licensed and came in for an interview. Things went well and we made an appointment for a 2nd interview 3 days later. When he came back, he said he received a lot of mail and made a few calls and that the Century 21 office down the street would start him at 65%. The ink was barely dry on his license and someone was offering him 65%. Absolutely Insane!! When will brokers gather the courage to take their businesses back? Talk about the inmates running the asylum.
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