Commissions COMMISSIONS - So where does it go? Example: $200,000 property with 7 & 4% commission Total commission: $11,000 50/50 split with selling realtor -$5,000 Office split (70/30) -$1,650 Out of the remaining $3,850 the realtor pays tax plus expenses Expenses: Fees: Office fees, VREB, MLS, BCREA, CREA Advertising: Real Estate Victoria, Times-Colonist, Feature Sheets, Photos, signs Auto: Insurance, Maintenance, Gas Equipment: Lock boxes, pager, computer programs Supplies: Photocopies, forms, office supplies Postage: Mail outs, Postal Walks Misc: Telephone, Fax, etc Insurance: Errors and ommisions Net Amount to the Realtor: $1000 - $1,700 It is important to consider that liability for each transaction that carries a Realtor's name is a minimum of $2000 (the deductible for Errors and Omissions Insurance)
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