How Do Real Estate Brokerage Splits Work? | 80/20 vs. 100% Commission

New to real estate and not sure how brokerage splits work? In this video, Benchmark Realty CEO Phillip Cantrell shares how splits operate, and how to choose what's best for you and your business.

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[OctaviaBoesWifey]

Then why do I gotta pay taxes if the broker already did????

[narcslayer]

I just got my license in the state of CT and I have not chosen a brokerage yet. I went to interview with one brokerage and they were offering a 50/50 commission split and said they offered 7% commission. They claimed they get you leads and have a very good training program. Is this a good deal for a new agent? And it is a smaller brokerage with only two local offices and roughly 50 agents between the two offices. I am going to meet with several more brokerages in the coming weeks. In researching on the internet, I started seeing better commission splits like 60/40 and 70/30 and even 80/20 or 100% commission but I am guessing those do not get you leads and/or have very good training programs. It is all very confusing for someone just starting out.