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Commission
Splits
We bring all of our partners into Keller Williams
on a 70/30 commission split.
When the 30% going to Keller Williams Realty -
El Paso
equals $18,000 the partner caps for the balance of their year.
(Each partners year begins the first of the month after they join
us).
If you affiliate with a nationally known real estate company such as
Keller Williams, Prudential, Coldwell Banker, Century 21, ERA, ect.
there is a franchise fee, broker service fee or royalty fee involved.
This fee is typically 8% and can be as much as 10%.
The Keller Williams fee is 6%.
This fee pays for the cost of franchising the concept of your
company. With Keller
Williams Realty -
El Paso
this fee is taken off the top, before the split, meaning our partners
are only paying 4.2% and Keller Williams Realty -
El Paso
is paying the rest. Again,
once our partners cap on their commission split they also cap on the
royalty fee.
After our partners cap, the royalty fee goes to 0% and the commission
split goes to 100/0 for the balance of the partner’s year.
Remember, the 8% royalty/broker fee is forever in the other
companies.
Now lets look at what goes into your pocket.
Our partners make on average 3% per side of a transaction, so I
will assume that that is true throughout the industry.
If you sell $2,000,000 your first year in the real estate
business, the money you bring into the company will be approximately
$60,000. With Keller
Williams Realty you will make about $42,000.
If you go with another nationally known real estate company on a
50/50 split, you will make about $29,362.
The difference in your take home is $12,638.
What could you do
with an extra $12,000 a year?
Now lets look at a $5,000,000 producer.
After they cap it really makes a difference.
With Keller Williams Realty they will take home about $128,000.
With another nationally known real estate company they would take
home about $69,000. The
difference in your take home is about $59,000, and it only gets better
from there.
Recruiting new partners into Keller Williams is our life blood.
We believe in rewarding our partners who help our company grow.
We share our profits with the partners that recruited the
partners that help us make a profit.
To my knowledge we are the only real estate company in El Paso
that shares profits. We have
partners who, after they cap, are making over 100% in commission because
of profit sharing. How’s
that for an added bonus?
When other companies tell you they will give you stuff for free, they
can well afford it from the profits they are making off of your
production!!!!
Your
Expenses With Keller Williams Realty - El Paso
Keller Williams Realty Fees:
KW Consortium Fee:
$10.00 Per Month
E & O Insurance:
$15.00 Per Month
New Partner Training:
$800.00 one time fee, payable $100 per transaction side for your
first eight transactions. If
you never sell anything you owe us nothing.
Refer back to Commission Split and free stuff.
Royalty:
6% taken off the top, before split
Our partners pay all their expenses including, but
not limited to: business cards, open house signs, signs riders, name
badges, etc.. Keller
Williams Realty will provide yard signs, but I have found over the years
that partners will purchase their own yard signs with their name and
cell phone.
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