Changing Industry
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Compensation is conventionally based on a percentage of the sales price, split between the buying and selling brokers, and then between the agent(s) and his/her real estate agency. While a split based on the percentage received by the broker is generally normal, in some brokerages agents may pay a monthly "desk fee" for office costs, monthly fee, etc., and then retain 100% of the commission received.
Read more about this topic: Real Estate Brokers
Famous quotes containing the words changing and/or industry:
“Minnaloushe creeps through the grass
Alone, important and wise,
And lifts to the changing moon
His changing eyes.”
—William Butler Yeats (1865–1939)
“What more is necessary to make us a happy and prosperous people? Still one thing more … a wise and frugal government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from labor the bread it has earned.”
—Thomas Jefferson (1743–1826)