So you have decided you would like to begin a career in real estate. First you need to get a real estate license.
One of the great things about the real estate industry is there are many career options. You are not limited to only one job and you can continue to move up as you gain more experience. It is helpful to know the different avenues for growth in a real estate career. Check out the list of real estate job titles to help you build a game plan and get started.
There are a few ways real estate agents get paid for helping people buy, sell and rent real estate.
Most of the time, real estate agents get paid in commission. The commission is calculated as a percentage of the sale or rental.
There is no such thing as a “standard” commission rate, although you may see some consistency in your area. You will learn in real estate school that commission rates are always negotiable!
There are a number of salaried real estate jobs as well. Visit this link to learn more about how real estate agents get paid.
The Keller Williams commission split is unique in the real estate industry.
For most of our company’s history, every agent at KW was on what we call a “capped” commission split. That means the agent paid a little money from each transaction to the brokerage, but the brokerage capped the amount they would take from an agent in any given year.
Most agents at Keller Williams are still on a capped commission split. The difference today is there are now several different commission splits agents can choose depending on their wants and needs. Keller Williams now has a flexible commission split arrangement so there is something for everyone.
Learn more about the Keller Williams commission splits.
In addition to the most generous commission splits in the real estate industry, Keller Williams provides another way for their agents to earn money every month.
The Keller Williams profit share and growth share systems are a great benefit to anyone working with the company. In fact, there are many agents at Keller Williams who earn MORE in profit share and growth share than they pay the brokerage every year through their commission splits.
How is that possible? It’s not as complicated as you might think.
The best part is you can start earning profit share and growth share from your very first month with the company…and many agents do!