How Much Money Does a Real Estate Agent Have to Pay to their Broker?

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  • Nice Article, I am planning to take the course. This helps a lot.

    • Mark Ferguson says:

      Thank you

  • My question is: if your not planning to be a full time real estate agent and just want access to the MLS and to be your own realtor (buying and selling your own house frequently) and possibly occasional work for family and friends, is it still worth going with a broker for higher fees to get the training? What we those brokers be teaching someone who isn’t looking for a large clientele?

    • Mark Ferguson says:

      You need to make sure you are getting some training if you are helping friends and family so that you know what you are doing.

  • Mike Lapp says:

    Can I get my Real Estate License without being signed up through a Broker before taking the Course?

    Question coming from PA.

    Thanks

    • Mark Ferguson says:

      No

  • Amber Khan says:

    Amber
    MY question is – If you don’t want to be a full time real estate agent but you want to educate yourself on the ins and outs of the real estate market, with an access to MLS number since you want to buy properties only for investment purposes, is it worth it to do a real estate course and work for a broker who can train you in this field. not sure if without getting the training and working for a broker you can get access to the MLS numbers. Are there other courses that can educate you on the real estate market with some training to manage your own properties? What would your advice be to those investors who buy properties solely for investments and want to work by themselves without having to hire a realtor?

    • Mark Ferguson says:

      You can’t have the best of both worlds. You either need to be an agent or hire one to help. Why don’t you want to hire one as a buyer?

  • Christian Schulze says:

    What would you say was the typical monthly fee paid by agents to the broker.

    • Mark Ferguson says:

      It all depends on splits and if you have an office. it could be $500 a month for an office in some areas, or much more in other areas.

  • Regina Pearl says:

    Nice Article! Currently, I have my leasing agent license working on site for a property management company …. but I start my brokers license class on Monday. I plan to switch from working for a property management company to working with real estate company. They pay leasing agent, split of 50/50. However I will not be coming in as a leasing agent … I will have my Broker’s license. What should I be negotiating, as they are a new company without a structure for brokers as of yet.

    • Mark Ferguson says:

      That all depends on what they offer, their training, their lead sources, desk fees, etc.

  • Rhonda Frazier says:

    Mark do you think it’s a better idea to go with a real-estate company that is really great but does charge fees .or go cheaper with a company that does not charge Any fees but makes up for it with taking more of your commission?

    • Mark Ferguson says:

      Depends on the training!

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