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Kara
Now Zagat Rated!
Member since 3/07 13217 total posts
Name:
They call me "Tater Salad"
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question for real estate agents / brokers
These are general questions to get a feel for how the agencies work:
Generally, do REAs / brokers employed by an agency get a salary + commissions or do they work for commission only?
Generally, do REAs / brokers employed by an agency receive benefits through their employer?
What "benefits" do you get through your employer? (Cell phone? Etc.?)
My guess is that it's basically a commission-fee structure and all the agency provides is the building, copier, etc. -- and from there you are basically running your own gig and taking a share in the sales commission. However, that's just my guess, and I'd like some more insight, if you're willing to provide it. 
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Posted 1/18/08 4:11 PM  |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: question for real estate agents / brokers
As a REA, you are an independent contractor. You are not employed by the broker. You make comission only. You split your comission with your broker. You broker does not provide benefits. None at all. You are responsible for any costs, cell phone, computer, gas, advertising, etc.
Your guess on the way it is run is pretty much correct.
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| Posted 1/21/08 11:55 AM |
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bicosi
life is a carousel
Member since 7/07 14956 total posts
Name:
M
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Re: question for real estate agents / brokers
Posted by SweetTooth
As a REA, you are an independent contractor. You are not employed by the broker. You make comission only. You split your comission with your broker. You broker does not provide benefits. None at all. You are responsible for any costs, cell phone, computer, gas, advertising, etc.
Your guess on the way it is run is pretty much correct.
ditto
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| Posted 1/23/08 12:21 PM |
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JandJ1224
Member since 6/06 5911 total posts
Name:
Jannette
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Re: question for real estate agents / brokers
Posted by bicosi
Posted by SweetTooth
As a REA, you are an independent contractor. You are not employed by the broker. You make comission only. You split your comission with your broker. You broker does not provide benefits. None at all. You are responsible for any costs, cell phone, computer, gas, advertising, etc.
Your guess on the way it is run is pretty much correct.
ditto
Double ditto
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| Posted 1/23/08 3:43 PM |
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igottabeme
Its peanut butter jelly time!
Member since 1/08 2340 total posts
Name:
Wouldnt you like to know! ;)
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Re: question for real estate agents / brokers
Posted by JandJ1224
Posted by bicosi
Posted by SweetTooth
As a REA, you are an independent contractor. You are not employed by the broker. You make comission only. You split your comission with your broker. You broker does not provide benefits. None at all. You are responsible for any costs, cell phone, computer, gas, advertising, etc.
Your guess on the way it is run is pretty much correct.
ditto
Double ditto
triple 
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| Posted 1/24/08 4:57 PM |
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Kara
Now Zagat Rated!
Member since 3/07 13217 total posts
Name:
They call me "Tater Salad"
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Re: question for real estate agents / brokers
Well, triple ditto wins!
Thanks so much! 
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| Posted 1/28/08 3:50 PM |
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