This place seems to typically provide solid advice when discussing topics away from Tech sports, so I pose this scenario to you in hopes of gaining some clarity, understanding, good information, etc... in order to make the right decision.
My girlfriend works for herself in financial services and does very well, but was recently approached by a friend about working for her company in commercial real estate. Her friend / company would provide the typical support for her as they do all other agents.
The idea of being able to draw income from 2 streams is appealing and is what has her considering the career addition, but when discussing her commission structure; it was presented at 2.5% commission on all leases and a 50/50 split between her and her friend.
Question 1:
Is 2.5% the standard commission rate in commercial real estate or is that high/low in comparison?
Question 2:
Is a 50/50 split of the 2.5% with ownership/house typical or would she be getting bent over by the friend/company?
Question 3:
What split should she ask for / expect before committing & taking on the additional responsibility?
Truly appreciate all legitimate & professional feedback that any of you are willing to share.
Guns Up!
Justin
My girlfriend works for herself in financial services and does very well, but was recently approached by a friend about working for her company in commercial real estate. Her friend / company would provide the typical support for her as they do all other agents.
The idea of being able to draw income from 2 streams is appealing and is what has her considering the career addition, but when discussing her commission structure; it was presented at 2.5% commission on all leases and a 50/50 split between her and her friend.
Question 1:
Is 2.5% the standard commission rate in commercial real estate or is that high/low in comparison?
Question 2:
Is a 50/50 split of the 2.5% with ownership/house typical or would she be getting bent over by the friend/company?
Question 3:
What split should she ask for / expect before committing & taking on the additional responsibility?
Truly appreciate all legitimate & professional feedback that any of you are willing to share.
Guns Up!
Justin
