There's a dizzying array or brokerage business models from which to choose. Some models are imposed from 'headquarters' and you dance to the bosses tune. Other's are independent and allow each agent to develop their own business mode. What they all share in common is they ALL intend to make money off of your success and protect themselves from your likely failure.
If you are looking for guarantees, there are none. You simply need to do the right planning.
Start with what I've shared in this blog.
YOU are the only one responsible for your success. At the moment you are looking at the wrong issue. The issue of your concern CAN NOT BE SPLITS but getting engaged in transactions, making money, then from that success you can optimize your earnings by selecting the organization most in alignment with your business goals.
Identify the organization that exhibits the evidence they have a process that works. Listen to what your mentor directs, and be aware, your first accomplishment MUST be to overcome your IDWDT syndrome. If you are in a productive team, you simply need to follow their instruction and example. It not rocket science.
Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
An office can give you leads if you do something, like, floor time, that is common in my office, or if you work in a team.
In this business if you don't have money invests wisely your time.
Get a good support time a follow a well know method of marketing or farming and you will soon see result$$.
I'm 17 years buyerâ€™s agent, and proud to be in Keyes Company.
Good luck in your new career.
Create a database for your sphere of influence (those immediately in your life that could possibly send you a lead or buy/sell through you), then keep in touch with these people on a monthly basis. Over time you will notice that they come to you with questions and business. Do yourself a favor and be a great resource for valuable information, don't spam and over self promote. If you provide valuable information people will be interested to know who you are and will find you. This process is call edu-tizing.
Licensed Associate Broker
Accredited Buyer Representative
William Raveis Legends Realty Group
Annette has done a good job addressing the first portion of your question. Allow me to address the second....regarding 100% commissions.
There are 100% agencies that do work very well for some agents. These companies usually have a sliding scale that require different monthly desk type fees in addition to a modest fee at closing. Some offer a 80/20 split option, 90/10 plan and a 100% alernative.. The monthly desk fee increases slightly with each plan.
These companies offer less in the way of support services for agents and customers. They survive by amassing a healthy number of experienced agents that require less direct support and thrive on independence.
Unless you are entering one of these agencies with the direct support of another experienced agent, this is not the best way for a beginning agent to begin a business venture. We would recommend seeking strong support initially before venturing into a more independent realm.