What Are Your Commision Splits?
Are you a real estate agent asking brokerages, "What are your splits?" If so, you might be asking the wrong question. In this video, I’m Drue Richmond, team leader and CEO of the Dave Hooke Real Estate team at Keller Williams of Central PA, and I’m here to explain why splits aren’t the most important factor. Many agents overlook key details like expenses—who’s paying for leads, marketing, and administrative support? These costs can significantly affect your take-home pay, which is why it’s crucial to understand the full financial picture.
Instead of focusing solely on splits, you should be asking: What is the average take-home pay of agents at my level in this team or brokerage? This will help you gauge the actual earning potential, factoring in both the support you receive and the number of transactions you can expect. If you’re preparing for an interview or want expert advice on how to choose the right brokerage, reach out for a free strategy session. We’re here to help guide your real estate career to success!