I’m looking to make a job change and got offered a position by a local commercial real estate firm. I love the company and the office but the commission break down is I get 20% of the full commission. Is this standard in commercial real estate or am I being ripped off with this commission breakdown?
That's a tough one! Are you licensed in real estate yet? In many industries it is illegal to make money from commissions if one is not licensed. On the other hand they may be covering your 20% through "marketing costs" on their books which is completely legal. I guess what I'm saying is if you will be getting paid while you train it may be lucrative and will psychologically help you speed up the licensing process. My only other question would be is the pay going to change with experience and/or time? After having said that, how is the longevity of commercial real estate looking in your area, or where you plan to operate? I only ask because i just watched a new video by Robert Kiyosaki discussing the gloom New York is about to face in regards to the commercial market.