Hi Sparky,
Yes reps proportion of fees charged seems fairly low. You do have to consider that it costs about 80K a month to keep our doors open, about half of the overheads are paid for by the rent roll but thats why sales split are skewed towards the agency. In saying that, if you are a top performer, it's not unusal for you to get 60/70/80% splits to yourself (for this split, you would have to sell a house every week on average).
In regards to getting valuations done, I'm almost scared to get it done! I had mine last valued at 500K and would be lucky to get $400K for them today. I just hope that the market picks up again and quick.
Happy property hunting.
Regards
Prak
Yes reps proportion of fees charged seems fairly low. You do have to consider that it costs about 80K a month to keep our doors open, about half of the overheads are paid for by the rent roll but thats why sales split are skewed towards the agency. In saying that, if you are a top performer, it's not unusal for you to get 60/70/80% splits to yourself (for this split, you would have to sell a house every week on average).
In regards to getting valuations done, I'm almost scared to get it done! I had mine last valued at 500K and would be lucky to get $400K for them today. I just hope that the market picks up again and quick.
Happy property hunting.
Regards
Prak