Shannon - Your team members and you really have to decide this for yourself.... It all depends on how tasks are delegated. Do you have a rainmaker, buyer's agent, and admin person? Or do all three of you lead generate? The key is going to be structuring (I'm talking about tasks not compensation) so that you capitalize on each member's abilities. Talk with someone who has experience with building teams. I might suggest my Team Leader, Susan Beach, 918-712-2252. She can explain the proven models of teams and groups and walk you through the development of your own. If I can help in any way please let me know.

Ok, Shannon, that's a little different! Teams can split commissions many different ways. I have a team, and my buyer's agent pays me a referral fee of 25% for buyers from my listings, (sign & ad calls) regardless of whether they buy my listing or another. My listing assistant, however gets 50% of the listing side. She does more direct work...putting in the MLS, writing ads, etc. and the buyer's agent gets more buyers...so it works for us. I know other teams that split 50/50.

The other factor for you to consider, would be how your office handles the transaction. Are all of your deal fees and franchise fees paid by the team leader, or do you each pay your share, or will you each be charged a full deal fee? At our office, we only have a flat deal fee so each team member pays their percentage of ONE fee. However, since the broker pays the agents, as required by MO law, they also have their office commission split, in our office the lowest split is 70/30.

I know this sound like a long answer, but there are many factors to consider. If it were me, I'd negoiate my best deal in writing and commit to like 90 days, after that I'd want to sit down and look at the numbers again. My ultimate goal with my team is to create a win/win. Any team leader should be looking for that, if not, I wouldn't work with them.

I hope this is helpful. :)

Thanks Crystal. I am currently with Coldwell Banker, but I have looked at other companies. I am actually asking about a team (3 or more realtors that work together). What is the split between them?

Well Shannon, that is a loaded question. It depends on what fees the office charges...per deal or per month or for every paper clip. It also depends on volume/commissions. Most offices offer new agents a lower split and then it is on a sliding scale based on gross commissions. I would recommend interviewing with 3-4 different offices, taking notes, and getting all you can in writing. My guess is that you will be do well in an office offering no desk fees and a sliding split, for the first 2 years. Be sure they have a respected broker (ask around...title companies, mtg lenders, agents) and good structured training. (again ask around)

I know several good brokers in OK, I'd be glad to share their info with you, if you'd like. Crystal@KansasExit.com

Good Luck!