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Richie & You, Author & Consultant (people first-then business )

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2,751,109
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

I think she needs to investigate other brokerages, and also the types of listings/sales she is doing.

Nov 01, 2023 06:56 AM
Rainmaker
1,892,228
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

She needs a new broker. If she's a newbie, not much she can do with her lack of experience. 

Nov 01, 2023 06:46 AM
Rainmaker
954,623
Carla Freund
Keller Williams Legacy - Apex NC - Apex, NC
NC Real Estate Transition & Relocation 919-602-848

Weird. Maybe those are one time fees for her. I can't imagine that coming out of every check. I know sometimes agent pay for things out of their checks because they're cash poor. That doesn't seem normal.

Nov 01, 2023 06:26 AM
Rainmaker
505,574
J.R. Schloemer
Kentucky Select Properties - Louisville, KY

I think she needs to find another PB. If she is paying that split, I believe the PB should be responsible to cover many of her costs. Next, I wonder is this really an independent contractor relationship, IF her PB is making her do these things. Seems more like a W-2 relationship, than a 1099.

Nov 01, 2023 07:22 AM
Rainmaker
2,711,065
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Well she needs to make a change in how she does busines Richie Alan Naggar and that may be to change Brokers.

Nov 01, 2023 06:07 AM
Ambassador
5,835,768
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

I tell agents that your commission split with your broker is YOURS to negotiate. If they don't offer a split you're happy with, move on. There's a broker out there who WILL! 

Nov 01, 2023 07:31 AM
Rainmaker
1,156,363
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

LOL, it can seem that way at times, but this is a business and the bottom line must be addressed! 
This business requires multiple income streams . . . and an honest accounting of expenses. 

Nov 01, 2023 06:35 AM
Ambassador
3,524,761
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

As others have said, in one form or another, find another broker that is a better fit.  Life is too short. Just move on. 

Nov 01, 2023 08:43 AM
Ambassador
2,760,631
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Hi Richie Alan Naggar 

 50% split?  "Compulsory" classes?   

    CHANGE BROKERS, TODAY RIGHT NOW!

Nov 01, 2023 08:18 AM
Rainmaker
1,601,216
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Every agent has their own arrangement with their own broker. I am sure we don't know the whole story. I doubt that the broker is trying to drive agents away.

Maybe she needs to investigate what arrangements can be made with other brokers. Maybe she needs to renegotiate with her existing broker.

Nov 01, 2023 07:21 AM
Rainmaker
520,834
Clay R. Seay
Saint Augustine, FL

Definitely needs to investigate other Brokers. Maybe time to change. 

Nov 01, 2023 07:01 AM
Ambassador
3,417,650
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
Southern Utah's Preferred Real Estate Agent.

Not sure what she signed up for...but a quick move would be a good thing, in my opinion.

Nov 01, 2023 07:25 AM
Rainmaker
1,418,812
Peter Mohylsky, www.athome30a
Property Management Inc.-Destin - Sandestin, FL
Call me at 850-517-7098

Welcome to the real business world.  Real estate is an easy business.

Nov 01, 2023 06:15 AM
Rainmaker
1,341,816
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

Sounds to me the agent should consider switching brokerages

Nov 01, 2023 09:09 AM
Rainmaker
5,865,608
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

She choose the wrong sponsoring broker.Time to free up his time and move on so he can dupe someone else.

Nov 02, 2023 03:53 AM
Rainmaker
1,579,775
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

That's why it's good to be your own boss!

Nov 01, 2023 09:15 PM
Rainmaker
949,875
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Oh yes, I remember desk fees, technology fees, training fees. New agents were a big profit center.

Nov 01, 2023 01:14 PM
Rainmaker
821,794
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I only worry about my own pocketbook.

Nov 01, 2023 11:45 AM
Ambassador
7,084,460
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Many agents are afraid to ask their clients to pay, if the seller is not contributing enough then the agent needs to be strong enough to ask the buyer to kick in the remainder according to their buyers agency agreement.

Nov 01, 2023 07:13 PM
Rainmaker
1,144,530
Diana Zaccaro Broker Associate
ZOOM Realty Group - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Based on the information provided, it sounds like she is a new agent who took a low split to get her foot in the door with a large (probably big box) brokerage. She may not fully understand her IC agreement, it is possible that the brokerage "suggests" classes and books but does not require them. If the compulsory classes are CEs, nothing can be done about that. If part of the ICA with the broker was that she would take required classes at her expense to get up to speed as a new agent, nothing can be done about it. It sounds like she is new and does not fully understand how things work, doubt changing brokers will do her any good if she is new and inexperienced. Best for her to have a talk with her current broker about her concerns and try to resolve them.

 

Nov 01, 2023 12:48 PM
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