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Careers in Real Estate
The real estate profession has expanded and offers one of the widest career selections in the business world today. Helping people buy and sell homes, office buildings, industrial property and corporation farmland, property management, land development, mortgage banking, urban planning, real estate counseling, appraisal and research are all aspects of a career in real estate.
Advantages and Rewards of a Career in Real Estate
A career in real estate provides flexibility and freedom to set your own pace. Income directly reflects your efforts, with no limits on what astute, hard-working men and women can earn. Successful people in real estate are goal-oriented, persevering, self-motivated, ambitious and people-oriented. The rewards of a real estate career are a potential for high earnings, status in the community, autonomy, time freedom, helping people, the intellectual challenge and the satisfaction from those accomplishments.
Working in real estate allows for independence and choices of environment in which to work, such as affiliation with Mariner Real Estate, Inc. as a listed salesperson.
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Mariner Broker/Agent Commission Split 80% |
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The 100% Commission Split Model |
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The vast majority of real estate agents are compensated by a broker via sharing the gross commission amount that the broker collects. We're not discussing percentages charged to the client here, only the way the agent is compensated. Here's an example:
1. Gross commission amount of a transaction = $18,000.
2. Broker/Agent split of 20% broker/80% agent = $3,600 to the broker and $14,400 to the agent.
3. The percentage split is an amount agreed to by the broker and the agent and usually reflects the amount of services and support the broker provides. It can also reflect the volume of business the agent brings in.
4. If you're in the process of choosing a broker to hold your license, the split is important.
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In this compensation model, the agent gets the entire commission. This model can pay 100% to the agent because the agent is paying a "desk fee" or monthly office fee. This can be a significant amount per month, but experienced producers prefer it because their costs are capped while their income is not.
Contact Mariner Real Estate today for an informative conference. After all, wouldn't you like to keep most or all of your hard earned commission?
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Mariner Real Estate
831 S. Main St.
Salinas, CA 93901
Office Phone: (831) 757-3333 Fax: (831) 422-2409
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