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Greg Zajdel, Real Estate Pro in 60004

Commission structure in Baird & Warner Real Estate ? Re/max? Who's better? Any brokerage offering 100%?

Asked by Greg Zajdel, 60004 Wed Mar 19, 2014

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Jill Murty’s answer
It's packaging. Brokerages who brand themselves as 100% outfits generally charge a monthly and/or per transaction fee.

What's brilliant about it is that agents who haven't sold anything with a brokerage that offers a lower split seem to think they'll make a lot of money selling nothing at a brokerage with a higher split.

In the meantime, the 100% brokerage collects the monthly fee. They've made non-producing agents a profit center!

Look at what your business is, not what you hope it'll become and find a broker with a structure that best suits you.
1 vote Thank Flag Link Mon Mar 24, 2014
Judy,

Thanks for the clarification. And I promise to never write "RE/MAX" incorrectly ever again. My point was simply that no broker out there is going to give their services away without getting paid, as neither would you or I.
0 votes Thank Flag Link Mon Mar 24, 2014
Hilarious comment about the proper presentation of the brokerage name.
Flag Tue Mar 25, 2014
Everything is negotiable but what isn't negotiable is an International brand whose logo is as recognizable as the Nike symbol...spelled RE/MAX. There's a reason their tag line is: nobody sells more real estate than RE/MAX...give them a call and find out why.

Each RE/MAX agency is independently owned so each Broker has the flexibility to see their fee schedule their way.
0 votes Thank Flag Link Mon Mar 24, 2014
Hello. I just want ti know basic idea how commission structure looks like. That's all.
0 votes Thank Flag Link Sun Mar 23, 2014
Call David Bailey who is the manager of Baird & Warner office in Evanston at 847 491 1855. He would be happy to talk to you about what Baird & Warner has to offer.
0 votes Thank Flag Link Sun Mar 23, 2014
Understand that there really is no such thing as a 100% broker. The broker has to get paid somehow. I checked with a friend of mine that used to work at Re/max and asked about this. In order for them to get 100% of their commissions, they had to pay a $1,200 per month office fee (on top of a few other smaller fees).
0 votes Thank Flag Link Sat Mar 22, 2014
Greg
Since you are already an agent you already have a clue as to how the company commission splits work.
The best way to get what you want would be to zero in on a name to associate with or an area you want to be in near your office and interview with the owners or recruiters for those firms. They will give you the details but my guess is they do not participate in this forum.
As a general rule, if you plan to sell a lot of homes, you may make more at a 100% company like Re/Max.
0 votes Thank Flag Link Thu Mar 20, 2014
Greg, all real estate professional fees are negotiated.
The one that is better is spelled REMAX.
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Here's the rub Greg, an multi-dimensional real estate professional can do whatever fits your requirements, but you must understand, this is a business, not a hobby. A professional will always make money that will allow them to stay in business and prosper. You should expect no less.
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The ironic pattern that professionals observe, is the more a seller is focused on the FEES, the higher becomes their cost of selling. I've watched DIY sellers do the happy dance with their selling success and they are oblivious that they effectively paid over 10% to sell their home.
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The story is even more tragic with FSBOs.
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Professionals accept the duty to keep you from making decisions that will harm you. As I've shared, too often, our advise falls on ears that can not hear.
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Know what your real purpose for selling is and what the objectives are.
This will prove to be indispensable as you attempt to pick the 'best' smiling face from a sea of smiling faces. "Who can get you to your objective?" That is where the real value lies.
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Pick up the phone and call a Chicago REALTOR who responds to your question.or contact the nearest REMAX brokerage.

Best of sucess in selling your home.
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, Fl
727.420. 4041
http://RealEstateMadeEZ.us
0 votes Thank Flag Link Thu Mar 20, 2014
Barry asked the question that popped into my head. 100% makes no sense. Get a broker's license. Somebody's gotta pay expenses.

I moved to ReMax a year ago. While the commission structure wasn't the reason it does make a big difference in the bottom line. For me, I want a quality office with top notch colleagues, a great broker, good location, and excellent support staff. Chasing the final dollar doesn't seem like the best route to success.
0 votes Thank Flag Link Thu Mar 20, 2014
I have to ask, because this is the second time I have seen reference to a broker paying 100%, how is that possible? How can a broker stay in business without making something?
0 votes Thank Flag Link Wed Mar 19, 2014
Some brokerages charge a monthly fee, a transaction fee or both and then offer their brokers higher splits
Flag Sun Mar 23, 2014
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