How Does a Real Estate Commission Work?

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  • Опубликовано: 2 фев 2025

Комментарии • 111

  • @USRealtyTraining
    @USRealtyTraining  3 года назад

    ✅ 🎓💯Get our exam prep package and our exam crash course videos! bit.ly/3NuSzz7

  • @navainvesting4082
    @navainvesting4082 4 года назад +29

    I’m 21 years old just started my course today can’t wait man so motivated ! I rather work 12 hours for myself and building my brand than work 12 hours for a company that will replace me instantly

    • @USRealtyTraining
      @USRealtyTraining  4 года назад +1

      Frankie! You got this! Congrats on enrolling - I'd love to know your thoughts about the program. Way to take control of your career. It'll feel great putting that time, effort, and energy into yourself as opposed to a company!

    • @johnnybravo3612
      @johnnybravo3612 3 года назад

      Any update my friend?

    • @jeovanylopez9260
      @jeovanylopez9260 3 года назад

      I hear you man I spent three years and 8 months working for a company just to be burnt out and we’ll ya know the rest

    • @KG3three
      @KG3three 2 года назад

      @@jeovanylopez9260 did you even make money

  • @dominic.patino
    @dominic.patino 4 года назад +13

    I just turned 18 and I’m starting next month. This video and especially what you said at the end of the video just motivated me. Thank you!!!

    • @USRealtyTraining
      @USRealtyTraining  4 года назад +2

      I'm so happy this video pumped you up! Thanks for watching and dropping the great comment. Best of luck in your journey! You're gonna kill it!

  • @johnsayre2038
    @johnsayre2038 4 года назад +3

    I love the way he teaches! He is clear, like a hot knife in butter, just cuts to the quick. Great video.

    • @USRealtyTraining
      @USRealtyTraining  4 года назад +1

      Thanks for the compliment, John! We cut through the fluff to get to the important part! If you have a moment, please like this video, subscribe to our channel, and hit the bell icon. That's the best way to get notified when we release a new video. It also helps our channel grow so we can continue to make helpful content. Thanks for watching and we hope to hear from you again!

    • @johnsayre2038
      @johnsayre2038 4 года назад +1

      @@USRealtyTraining Done! New agent in Maryland so I am soaking up as much info as possible, much thanks.

    • @USRealtyTraining
      @USRealtyTraining  4 года назад +1

      @@johnsayre2038 Enjoy it! This is an exciting industry full of opportunity! If you have any questions along the way, feel free to ask. We're always happy to help.

    • @virginiaball4149
      @virginiaball4149 4 года назад

      Yes, love the way he explains everything

  • @chrisbenitez3043
    @chrisbenitez3043 3 года назад +1

    This is one of the most interesting and concise videos i have ever seen. This was amazing. I would pay money to see this guy talk about anything.

    • @USRealtyTraining
      @USRealtyTraining  3 года назад

      Well, if you're interested in getting your real estate license. We have a video program of pre-recoded classes taught by this guy (Robert Rico). If you're interested, here's the link: www.carealtytraining.com/real-estate-license-salesperson/

  • @chuyonthego
    @chuyonthego 4 года назад +9

    Thanks , just what I was looking for. Very very detailed.

    • @USRealtyTraining
      @USRealtyTraining  4 года назад

      We're so happy you liked it! Thanks for watching this video. If you have a moment, please give this video a like and subscribe to our channel and hit the bell icon! That's the best way to be notified when we release new helpful videos like the one you just watched. It also helps us grow and continue to make more videos. Thanks again for watching!

  • @beingmygodself1346
    @beingmygodself1346 9 месяцев назад +1

    My first time selling a home. Thanks for the info.

    • @USRealtyTraining
      @USRealtyTraining  9 месяцев назад

      Anytime! Congrats on the first sale! That's amazing!

  • @203saunders
    @203saunders 2 года назад +1

    This was awesome!

  • @Jasminepsalm
    @Jasminepsalm 3 года назад +2

    You remind of Leonardo DiCaprio's energy from the movie Wolf of Wall Street.. super cool ..and I love how you mentioned God in the video.

    • @USRealtyTraining
      @USRealtyTraining  3 года назад

      I hope I remind you of "Wolf of Wall Street" in a good way! Thanks for watching! Hope you subscribed and liked the video and I'll see you on the next one.

    • @Jasminepsalm
      @Jasminepsalm 3 года назад

      @@USRealtyTraining Not sure sure how to articulate it but yes in a good way. I know that sounds strange because he played an unethical character.

  • @RickyRomero805
    @RickyRomero805 4 года назад +5

    So if it’s a dual agency a real estate agent and brokerage will take the 60k on a 1,000,000 sell?

    • @USRealtyTraining
      @USRealtyTraining  4 года назад +3

      Good question. Essentially, yes! What I mean by that is dual agency will result in the commission rate, for example 6%, being split with the brokerage and real estate agent. The brokerage and real estate agent will split that commission with each other depending on their agreed commission split terms.
      NOTE: this is how dual agency works in California. Other states have different regulations and some won't allow dual agency at all. So, depending on where you live this could be different.

  • @evangelion243
    @evangelion243 3 года назад +2

    Why use a brokrage if they take 40%? Why not just do it on your own? What is the advantage of having a brokerage, and is it really worth 40%?

    • @USRealtyTraining
      @USRealtyTraining  3 года назад +1

      Each brokerage has their own commission split and they tend to be negotiable before you sign on. But, if you certainly become a real estate broker to collect the whole commission. Keep in mind, though, that to be a real estate broker in California, you have to have at least 2-years of experience as a salesperson agent, which means you will have to sign with a brokerage. Hope that helps.

  • @beptex2858
    @beptex2858 4 года назад +4

    This might be a dumb question, but so the seller pays the money and then the third party known as Escrow splits the money and gives it to the 2 brokers. Then the broker company splits it.. right? Sorry I’m just a 14 year old and trying to learn more..

    • @USRealtyTraining
      @USRealtyTraining  4 года назад +2

      Hi, BepTex! This isn't a dumb question! Dumb questions don't exist because every question gets you closer to understanding how something works. Always feel empowered to ask.
      The transfer of money starts with the buyer. The buyer gives their money to the third party (escrow) and, when the transaction closes, escrow will send the money to the home seller and the brokerages of the real estate agents involved with the transaction. Then, the real estate brokerages will cut the commission checks to their real estate agents. In other words, the listing agent and the buyer's agent will get paid through their respective brokerages.
      Hope this clears up the process! Please feel free to ask more questions, if you have them. I'm more than happy to clear things up.
      Also, if you have 20-minutes, this video does a great job explaining the transaction process from start to finish. I think you might like it: ruclips.net/video/w3a6WNLKZts/видео.html

    • @beptex2858
      @beptex2858 4 года назад +4

      CA Realty Training THANK YOU! You already cleared all the questions I had! And thanks for the feedback! And I will also see the video once I get a chance. Again THANK YOU SO MUCH!!

    • @USRealtyTraining
      @USRealtyTraining  4 года назад +1

      @@beptex2858 Absolutely! Learning about real estate at your age is exciting! We're sure you have a bright future ahead of you!

  • @How2Heaven
    @How2Heaven 3 года назад +1

    Awesome video. I am just starting my journey in Real Estate and I found this video extremely helpful. Thank you.

    • @USRealtyTraining
      @USRealtyTraining  3 года назад

      Glad it was helpful! Thanks for watching, Stefan

  • @wasgood594
    @wasgood594 3 года назад +1

    Youre great robert rico

    • @USRealtyTraining
      @USRealtyTraining  3 года назад +1

      Thank you, Wasgood! That's very kind of you to say. Hope to hear from you again.

  • @dukealexandermooreea6153
    @dukealexandermooreea6153 5 лет назад +3

    I love this video because it really taught me how real estate agents and brokers think. I am tax consultant so when you say "salary" or we assuming the agents have their own S-Corp or are they, employees? Great video, I gave it a thumbs up.

  • @angelique.xoxoxx
    @angelique.xoxoxx 2 года назад +2

    This video motivated me 🙏💙

    • @USRealtyTraining
      @USRealtyTraining  2 года назад +1

      Heck ya! You rock! Glad you're really enjoying this content.

  • @Skidrow247
    @Skidrow247 2 года назад +1

    Great video Sir , very straight to the point . Just passed my exam yesterday in OC California watched a lot of your videos , great help.

    • @USRealtyTraining
      @USRealtyTraining  2 года назад

      Congrats, Hassan! Thanks for the kind words, too. Much appreciated. Best of luck to you out there. Did you happen to take our pre-licensing program?

    • @Skidrow247
      @Skidrow247 2 года назад +1

      @@USRealtyTraining no , send me link pls

    • @USRealtyTraining
      @USRealtyTraining  2 года назад

      @@Skidrow247 here you go: www.carealtytraining.com/licensing/real-estate-license
      But, if you already passed your state exam, it sounds like you don't need to re-enroll in the pre-licensing program. 🙂

  • @pkbrown58
    @pkbrown58 3 года назад +2

    Way to put it out there, Robert!

    • @USRealtyTraining
      @USRealtyTraining  3 года назад

      Ha! Thanks, Mr. B. Glad you found the channel and enjoyed the video. Are you thinking about getting a real estate license?

  • @stephanyd.204
    @stephanyd.204 3 года назад

    PLLLLEEEASE make a video going through the details of contracts.
    For example I’m reading the Residential Purchase Agreements and some of the Terms and conditions… Well I have questions about examples, details, meanings etc of some of these.
    For example 22.C. (3) …. Broker shall not be deemed a party to this Agreement.
    Does it mean they would some how be taken out of the agreement after it’s already done/they already were? Or that whoever was in this agreement simply can’t arbitrate the buyer and seller in this agreement?
    I don’t expect an answer in the comments but just a suggestion! I would definitely watch that playlist several times to be sure I understand the language undoubtedly.
    It would be nice to be able to summarize concisely to customers as well etc

  • @armanvardumyan3248
    @armanvardumyan3248 5 лет назад +8

    You’re amazing! Thanks for the video! I’m a realtor who got started going to your school and living off your videos! I was wondering if you’ve heard of the lead generating company called Agent Zip? I want to start using it but just wanted to know if you know about the company.

    • @USRealtyTraining
      @USRealtyTraining  5 лет назад +4

      Hi, Arman! We aren't familiar with "Agent Zip." But, it sounds like a lead generating service. We're sure some agents use services like that, but our philosophy on lead generation has always been that you can wait for it, you can buy it, or you can go out and get it. We prefer to go out and get it. Using your sphere of influence and growing your network is the most fundamental way you can earn leads. When clients respect your work, they will recommend you to others and your sphere of influence will grow. When your influence grows, so does your business. I know that's not the exact answer you're looking for, but we hope that helps!

    • @therookiefisherman5234
      @therookiefisherman5234 4 года назад

      @@USRealtyTraining Great video, I'm not an agent but I am caressing the Idea of becoming one, my question here concerning the lead generation ist the broker suppose to find listings for the agent?

  • @drmosam
    @drmosam 3 года назад +1

    That was very informative, thank you 🙏

    • @USRealtyTraining
      @USRealtyTraining  3 года назад

      You are so welcome! Thanks for watching, Muhammad.

  • @ElevateResumeDesign
    @ElevateResumeDesign 2 года назад +1

    Thank you Sir

  • @Seandoggx811
    @Seandoggx811 4 года назад +1

    This was a GREAT !!!!! Video. 100% Truth .

    • @USRealtyTraining
      @USRealtyTraining  4 года назад

      Hi, S P. We're glad you liked it! Thanks for watching. If you have a moment, please like this video, subscribe to our channel, and don't forget to hit that bell icon. That's the best way to get notified when we release a new video. It also helps our channel grow so we can continue to produce helpful content like this video. Thanks for watching and we hope to hear from you again!

  • @FernieKisses
    @FernieKisses 4 года назад +1

    Wow!! You were fantastic. Bravo 🙌🏻 Brother! 😃

    • @USRealtyTraining
      @USRealtyTraining  4 года назад +1

      Glad you liked it!! I love making videos like this. If you have a moment, please like the video, subscribe to the channel, and hit the bell icon. That's the best way to support this channel so more people can find our content. It also helps you stay notified when we release new videos just like the one you just watched. Thanks for watching and I hope to hear from you again, Fernanda!

    • @FernieKisses
      @FernieKisses 4 года назад

      @@USRealtyTraining : Absolutely! Done ☑️ Done ✔️ and Done ✅

  • @parzival8331
    @parzival8331 3 года назад +1

    Hey thank you for the lesson! I'm 18 ain't got a clue about real estate really. I plan on joining the army in a few months, my question is it possible to be a successful as a real estate agent only working on the weekends? since i would be in the military.

    • @USRealtyTraining
      @USRealtyTraining  3 года назад

      Great question. Working part-time on the weekends is definitely doable. That's actually how Robert Rico (the person who founded CA Realty Training) started his career as a real estate agent. He worked full time as a teacher and, on the weekends, he and his partner, Carolee, worked as agents.
      Do you think that your schedule will be flexible enough to allow you to help a client? Are you comfortable working on your days off?
      This career is terrific and extremely rewarding. But, it does require a lot of attention, focus, time, and energy to become successful. I recommend this career for anybody who wants workplace freedom, rewarding paychecks, and the ability to help people.
      But, if you're set on joining the military, I can see balancing a part-time real estate career to be extremely challenging. Have you considered joining the military and revisiting a career in real estate later in life? Or the opposite: starting a career in real estate and joining the military later?
      I'm not saying you can't do both right now, but my question is, do you WANT to do both right now?

  • @SavageSnake135
    @SavageSnake135 5 лет назад +2

    Does Robert Rico still teach at the Santa Monica location

    • @USRealtyTraining
      @USRealtyTraining  5 лет назад

      Unfortunately, he does not. But, he is known to sub at locations when needed.

  • @sonofman504
    @sonofman504 5 лет назад +3

    Very informative

    • @USRealtyTraining
      @USRealtyTraining  5 лет назад +1

      Thanks for watching! We really appreciate your feedback too. If you like our videos, please share them with a friend or colleague. It's the best way to help us grow and make more videos like this one!

  • @froharwahdat8640
    @froharwahdat8640 4 года назад +1

    You are amazing thank you waiting for your new videos

    • @USRealtyTraining
      @USRealtyTraining  4 года назад

      Glad you like them! The next one drops tomorrow morning. If you haven't already, make sure you subscribe and hit the bell icon. That's the best way to get notified when we release a new video!

  • @janayjackson1191
    @janayjackson1191 4 года назад +1

    Thank you for teaching! You seem like a great person! ❤👍🏾🎉

    • @USRealtyTraining
      @USRealtyTraining  4 года назад

      You are so welcome Janay! Rico is a pretty swell guy and enjoys sharing his knowledge with others. Wishing you all the best in your real estate endeavors. Don't forget to subscribe to the channel.

  • @n2propertiesltd459
    @n2propertiesltd459 4 года назад +1

    Great video and good advice 👍

    • @USRealtyTraining
      @USRealtyTraining  4 года назад

      I'm glad you enjoyed the video and found it helpful! Thanks for watching and I hope to hear from you again!

  • @Gabe_Fe
    @Gabe_Fe 3 года назад +1

    Good video man! Makes my want to get my license even more

    • @USRealtyTraining
      @USRealtyTraining  3 года назад +1

      Gabe, I would highly recommend that you do! Out of curiosity, what's stopping you from jumpin in?

    • @Gabe_Fe
      @Gabe_Fe 3 года назад +1

      @@USRealtyTraining nothing is really stopping me now I’d say! I’ve just been trying to figure what to do with my life at age 21. And I know I want a commission based job. And real estate would be really good. It’ll be great skill to progress in!

    • @USRealtyTraining
      @USRealtyTraining  3 года назад +1

      @@Gabe_Fe This career really did change my life and I can't recommend it enough. If want to learn more about it, we have free intro sessions that is an introductory class to our program. But, the reason why I bring this up is because the classes are taught by an active agent. There's a period in the session where you can ask questions, hear stories, and get a really good idea of what it's like to work as an agent. This could be a really good way for you to learn more about becoming an agent and starting your career, because it sounds like you really like the idea of becoming an realtor! Best of all, the session is free. All you have to do is sign up to attend. Right now the sessions are all held online through a zoom call. Here's the link if you're interested: www.carealtytraining.com/real-estate-intro-session-free/

  • @TB-__dhruv
    @TB-__dhruv 3 года назад +1

    Can you please make a vedio on who are associate brokers , what is their role, what is their commission split etc etc....BTW thanks for nice content

    • @USRealtyTraining
      @USRealtyTraining  3 года назад

      Noted! I'll pass this along to my team. Thanks for watching and the I'm glad you enjoyed the video. Don't forget to like, subscribe, and hit that bell icon!

  • @MelanieSuber
    @MelanieSuber 4 года назад +1

    Thanks for this video!

    • @USRealtyTraining
      @USRealtyTraining  4 года назад

      Glad it was helpful! Thanks for watching and dropping a comment. Hope to hear from you again.

  • @prettyvivid74
    @prettyvivid74 5 лет назад +2

    Does Robert Rico do an exam prep course?

    • @USRealtyTraining
      @USRealtyTraining  5 лет назад

      Unfortunately, he does not teach an exam prep course. However, he is the instructor of our online course video package. If you're interested in learning from him, we recommend looking into our video package: www.carealtytraining.com/real-estate-license-salesperson/

  • @angelacervantes7338
    @angelacervantes7338 4 года назад +1

    Hey Mr Rico I like your videos very much I am going to school to become a real estate agent thank you so mush for that info.

    • @USRealtyTraining
      @USRealtyTraining  4 года назад

      Hey, Angela! This is wonderful news! I'm so excited for you. It's going to be a rewarding journey for you. Keep me and the rest of the team up to date on your classes and please let us know if we can help out in anyway. Thanks again and I hope to hear from you again!

  • @david.mojarro
    @david.mojarro 4 года назад +1

    Amazing video. Great content straight to the point!

    • @USRealtyTraining
      @USRealtyTraining  4 года назад

      Thanks for watching! We're happy you enjoyed it! If you have a moment, please like this video, subscribe to the channel, and hit the bell icon. That's the best way to get notified when we release a new video. It also helps us grow as a channel so we can continue to produce new helpful videos like this one.

  • @leahtolbert4055
    @leahtolbert4055 4 года назад +2

    GREAT VIDEO:)

    • @USRealtyTraining
      @USRealtyTraining  4 года назад

      I'm glad you liked the video, Leah! Thanks for watching and I hope to hear from you again.

  • @moneymoses
    @moneymoses 4 года назад +1

    Thank you for the motivation!

    • @USRealtyTraining
      @USRealtyTraining  4 года назад

      You are so welcome! Thanks for watching! If you have a moment, please like the video, subscribe to this channel, and hit the bell icon. That's the best way to support the channel and get notified when we release more content like this video! Hope to hear from you again.

  • @oscaroscar3864
    @oscaroscar3864 5 лет назад +2

    Awesome video, can you make one on pros and cons of being on a team and how commission should work. Please. Thank you

    • @USRealtyTraining
      @USRealtyTraining  5 лет назад +1

      Thanks for the suggestion, Oscar! That'll be a great topic. We'll add it to the list of videos and will let you know when it's published.

  • @nyssamojica2945
    @nyssamojica2945 4 года назад +1

    Great video

    • @USRealtyTraining
      @USRealtyTraining  4 года назад

      Glad you enjoyed it! Don't forget to like this video, subscribe to the channel, and hit the bell icon. Doing so helps supports the channel and notifies you when we release new content. Thanks for watching and I hope to hear from you again, Nyssa!

  • @AdrianRodriguezWebDevelopment
    @AdrianRodriguezWebDevelopment 4 года назад +2

    good video 👍

    • @USRealtyTraining
      @USRealtyTraining  4 года назад +1

      Thanks for watching, Adrian! We're happy you enjoyed the video. If you have a moment, please like this video, subscribe to our channel, and hit the bell icon. That's the best way to get notified when we release a new video. It also helps us grow as a channel and continue to produce helpful videos like this one! Thanks again and we hope to hear from you again!

    • @AdrianRodriguezWebDevelopment
      @AdrianRodriguezWebDevelopment 4 года назад +1

      CA Realty Training you got one more subscriber 👊😐

    • @USRealtyTraining
      @USRealtyTraining  4 года назад +1

      @@AdrianRodriguezWebDevelopment Thanks for subscribing! Keep us up-to-date on your career! We hope to hear from you again.

  • @DraGnFly007
    @DraGnFly007 3 года назад

    You didn't deduct fees! 18,000 is not the final payment. It's much lower. You should explain this, too.✌

  • @babatunda1849
    @babatunda1849 4 года назад

    So you have to deal with a broker

    • @USRealtyTraining
      @USRealtyTraining  4 года назад

      Hi, Shay. The brokerage does take a portion of an agent's commission. How much they take is negotiated before the agent signs with the brokerage. To avoid the commission split, agents can get their broker's license and become a broker.

  • @gtkid3289
    @gtkid3289 3 года назад +1

    I just sign up with a company they said I will receive a 75% and they will take 25%

    • @USRealtyTraining
      @USRealtyTraining  3 года назад +1

      Dang! That's a great split. Are you new?

    • @gtkid3289
      @gtkid3289 3 года назад +2

      @@USRealtyTraining yeah, I have my test on Monday I’m super nervous I haven’t really studied I’ve been watching like videos but I’m doing the allied real estate prep exam hopefully that helps me more than the videos I was watching, any advice? On the state test or what I need to focus on more

    • @USRealtyTraining
      @USRealtyTraining  3 года назад

      ​@@gtkid3289 Good question! I put together a free prep guide that should help you get into the mindset for the exam. Here's the link where you can download it if you want: www.carealtytraining.com/wp-content/uploads/2021/03/CARealtyTrainingStateExamPrepGuide.pdf?inf_contact_key=82e849c85fb2536762bdf95ba31c11d809c74070ac2bf3cfa7869e3cfd4ff832
      Aside from that, the state exam can be tricky. It will word questions in a way that's confusing to try and throw you off your game. Don't let it get to you! You know the material, so stick to your gut. Remember to learn the acronyms and to answer the easy questions first. You can always go back to the hard ones later.
      You got this, GT!
      One last thing, we're hosting a crash course session this weekend. They're great when it comes to distilling all the information you need to know on the state exam into a weekend-long course. It's all online and ran by one of our trainers, so you're in good hands. If you're interested in signing up, here's the link: carealtyschool.com/enrollnow/product/live-online-state-exam-prep-crash-course/16
      If not, no problem. I'm rooting for you. Let me know how your exam goes!

  • @frankisawesomee
    @frankisawesomee 3 года назад +1

    Advertising fees have entered the chat 😂

    • @USRealtyTraining
      @USRealtyTraining  3 года назад

      Hey, don't forget those advertising fees are tax deductible because they're a business expense! There's also a bunch of other fees that are tax deductible to make this career a whole lot more affordable. We have a big list in this video here: ruclips.net/video/h4AW--1q0m4/видео.html

  • @unlisted8042
    @unlisted8042 2 года назад +1

    60/40 is not reasonable at all. They better be doing a lot for 40%

    • @USRealtyTraining
      @USRealtyTraining  2 года назад

      Best to keep your standards high! Good thinking.

  • @ernierosales3996
    @ernierosales3996 3 года назад

    Where/who do you send buyers that contact you wanting to buy one of your listings but has not yet been approved by a lender? I’m an MLO in California, and I would like to help fill that void, if needed. NMLS #1995351

  • @phulvirkhatra4639
    @phulvirkhatra4639 4 года назад +1

    Rocky balboa right there

    • @USRealtyTraining
      @USRealtyTraining  4 года назад

      “Life's not about how hard of a hit you can give... it's about how many you can take, and still keep moving forward.”