Can a real estate agent hire another agent to work for him as a buying or listing agent?

Question

If I am a real estate agent but I hire another agent to work for me as a buying or listing agent, by law, does that person has to split his/her commission to me? If so, how many % it should be? Thank you!

Answer 1

Best Answer - Chosen by Voters

There are a multitude of different arrangements that can be entered into.

A "team" can consist of Buyers Agents as well as Selling Agents and unlicensed as well as licensed assistants.

Buying and Selling agents would need to be licensed unless they were hired by a project developer and selling only that project. The un-licensed assistants have definite restrictions on what they can do and this must be followed or else you go to REALTOR jail...

How the "team" is reimbursed can be whatever the parties to the agreement feel is equitable for the work and effort provided. It can be a portion of the commission, a set "per deal fee", or some combination.

A word of caution - where I work there are a number of teams that are constantly changing the "players" and I don't think the public respects the instability that represents.

The reason why people leave the team is that often the team member feels that the reimbursement is not commensurate to the work that they do.

Having a team leverages your time and allows specialization in the different areas of the business. Also, having an assistant to do the everyday tasks that a RE license does not require allows you to focus on the work we get paid $100. per hour for while the assistant does the $10-$15 per hour jobs.

A little of the Floyd Wickman coming out of me!

Answer 2

you can enlist the aide of an assistant/partner. and, it's at whatever commission split you both agree upon.

60/40 is a typical split.

Source(s):

I'm a RE/MAX REALTOR

Answer 3

You can hire anyone you would like. The split all depends on what you agree upon, and what expenses you are taking care of for the. The more expenses you pay, the more favorable the split should be to you.
It is entirely on a case to case basis, but make sure you have a written contract with all the terms of your agreement. Like what happens to a listing, or a buyer if said person decides to leave the team. and so on and so forth.
Good luck,
RE Agent with a team.
remax