Brand new real estate agents who affiliate with DMS Properties, LLC ... Residential Real Estate Services can expect to be on a 50/50 split ... that will change as an agent's production increases. Unlike many other real estate companies, we use a graduated scale based on production over a "rolling 12-month period" to determine the commission split. What this means is that an agent's production level doesn't go back to $0 at the end of the year. In addition, we include commissions received for property rentals in the overall production statistics ... we base that on a 2% "commission" for that calculation.
An experienced agent who decides to affiliate with us may be able to start out at a different split based on their production at their previous company ... as long as it is verifiable. Our agents will be expected to generate annual production of at least $1 million during any 12-month period. As mentioned above, though, that would include rental transactions, too.
DMS Properties, LLC ... Residential Real Estate Services charges a 6% commission on our resale listings for homes and land, although that usually doesn't apply to REO properties. On a 6% listing, a Real Estate Agent will earn 3% per side of the transaction (before the broker "split"), so $1 million in production could generate pre-tax and pre-expense income of $15,000. Once an agent exceeds the $1 million production level, the split will change and will increase at $500,000 increments up to a 90% level at $5 million.