Question Details

Michael Young, Real Estate Pro in San Francisco, CA

How much is your brokerage charging you for fees?

Asked by Michael Young, San Francisco, CA Thu Aug 13, 2009

It seems that some brokerages' fees are much higher in many cases than I imagined. I'm curious as to how much agents pay and whether they actually use the services and tools that are offered. I am mainly interested in California agents.

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1
Not from California but please allow me to chime in, thank you...

I remember back in the 80's when "Desk Fees" were introduced to the Real Estate Community.

A Broker I know offered "100% Commission" minus Franchise Fees (of 5 or 8%) to any agent that agreed to pay him "desk fees" of $1500 per month.

He quickly signed over 100 agents - which meant that he instantly established a $150,000 per month (gross) business!

Problem was, with 100 agents in our small city wearing the same Franchise Name, and knocking on the same doors - well, let's just say not everybody made the money that they had hoped to make.

Get your Calculator out - look at real statistics - talk to your CPA - weigh your options.

Best wishes,
Fred.
1 vote Thank Flag Link Thu Aug 13, 2009
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