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When a high-producing real estate agent/broker has several assistants, who pays them? The Company or Agent?

For instance I am working with a very successful agent who is tops in her company for transactions. She has 4 assistants working under her. Are they paid solely by the Company or is it split between the Company and the Agent, or is the Agent solely responsible for their salaries? Or do they make a percentage of her commissions?

Public Comments

1. That depends. If she is a top producer, she probably has a team working under her, who are agents, which means they are on a commission split. She has a lot of business, she hands down leads, they take if from there, then split 50/50 after the deal is done. But anyone assisting and NOT handling anything that has to do with agent duties (handling phone calls, filing, her schedule, appts. etc.), they would probably be on brokerage/company salary. Since you are working for her though, what do YOU do and how are YOU paid?
2. Well that all depends on the company. They can have it set up any way that you mentioned. I am a loan processor and I have had it set up that the company paid me my hourly rate and then the loan officers paid me a commission, and I have had it so that the company paid both my hourly and my commission, and I was office manager at one office that the loan officers could have as many assistants as they wanted but they had to pay them themselves. There were 2 processing assistants under me and if the loan officers used them they had to pay them 125. minimum on all loans that they closed and funded for them and the offie paid them their hourly rate but if the L/O s wanted a different processor for themselves they had to hire and pay them themselves. I hope that helps.
3. The agent.
4. Normally the cost would be to the agent. Everything is negotiable, but one thing is for certain, no matter how much an agent does in volume and business, they have to be profitable to stay around. If the company is paying for assistants, then you can rest assured that they are paying a lower split to the agent to make up for it