Real Estate Broker Interview Question:

Tell me what is your commission split schedule?

Submitted by: Muhammad

Each company will have its own guidelines governing the way commission is split between agents and brokers. New agents typically receive a smaller split because they require more help from their broker. Your commission split should become greater as you sell more homes and become more independent. There is room to negotiate here, however. Point out to the broker any reasons why you might be more valuable than the typical new agent-maybe you have a large contact list from a previous job to draw on, or you have a successful track record in another sales position.
Submitted by: Muhammad