Let's Compare Real Estate Brokerage commissions and fees. This is a general guide to help you make an informed decision.
Please keep in mind that this is just an example and numbers may change from location to location.
For this example let's use an average sales price of $225,000 and a commission of 2.75% and focusing on 15 sales annually.
At $225,000 total sold is $3,375,000 and your commission would be $92,812.50 (At 2.75% if your broker gives you 100% of your commission)
Now let's break this down in the below examples to see what you really take home.
Call it Closed Realty
KW Realty
EXP Realty
Re/Max
Broker Split
0%
70/30-till cap
80/20-till cap
80/20 -till cap then 95/5
Transaction Fee
$399
-
$65
-
Royalty / Franchise fees
-
$3,000 - part of cap
-
-
Monthly fees
$99 ($1,200)
$60 ($720)
$85 ($1,020)
$235 ($2,820)
Annual fee
$255
$150
0
$440
Cap At??
0 *NO CAP
$22,000
$16,000
$12,500
"Fees after capping"
0
0
$250 - until the next 20 transactions, then $75 until annual anniversary
5% of commission
Ability to create recurring
revenue
YES
YES
YES
NO
Take home after a year of hard work and difficult clients.
$86, 772.50
$69,942.50
$74,317.50
$75,507.50
*These examples and numbers may not reflect the true vision of your specific area, some areas may be greater or less. For a true side by side comparison call or text today to discuss your specific situation.