A real estate broker pays an amount of almost $5400 per year if he has an 80/20 split. This means that the amount will be higher if it is a 70/30 split.
If you are a real estate agent who is at present having a split of 80/20 or 70/30 and have sold only three homes at$300,000 on your 80/20 split, you are paying your broker almost about $5400 per year.
The licensed real estate broker of record is the only person who is authorized to sign the real estate broker of record contract, which represents the details of the property seller or landlord.
There is a wonderful opportunity for all those real estate agents who have spent ages by doing business as agents, and are still struggling in their life with meager commissions. You can now choose to be an entrepreneur in the real estate field.
Ever thought of being an entrepreneur in the real estate field? Here is an opportunity for all the real estate agents who have done a lot of business as agents but have never been happy with the meager commissions that they get.
The term ‘broker of record’ is something that describes a qualified real estate broker, who is responsible for the working of estate agents at the specific fee.