100% Real Estate Agent Commission Plans
In the real estate industry, there are two important players. The first is the real estate brokerage while the other is the real estate agents. These are the two parties that come together to link buyers and sellers and close real estate transactions. These professionals are normally paid a commission for their service. The commission is normally split in a number of ways. Since the brokerage only provides the infrastructure to make real estate transactions possible, they often take 50% or less of the commission while the real estate agents take at least 50% of the commission because they are the ones who brought in the business.
In 100% real estate agent commission plans, however, the real estate agent takes home the entire commission, but they are required to pay a monthly fee, normally referred to as the office or desk fee. This means that they can make as much money as they are able to, but only if they pay the fixed monthly fee.