Brokerage Fee Calculator
How much money will you save by partnering with CGA?
Step 1 :
Figure out your Sales Volume for Last Year
Go into the SmartMLS and click Market Reports > Agent Production Detail. Enter your timeframe (January 1st of the prior year to December 31st of the prior year), then enter your MLS ID under Agent. Check off all property types and click "Generate Report". Your Sales Volume is calculated all way on the bottom of the Volume column.
Enter your sales volume for the entire previous year here :
This was your estimate Gross Commission earned (assuming 2.5% side) :
Step 2 :
What was your Agent Commission Split?
Enter your agent commission split percentage here:
This was your estimated take home pay:
Step 3 :
Does your brokerage take a percentage off the top?
Many brokerages take 6% off the top for a “marketing fee”, or “franchise fee”.
Enter the percent your brokerage takes off the top:
This was how much you paid in fees off the top:
Step 4 :
Did you cover any of your clients “Admin” fees or “Additional Commission”?
Many brokerages charge an additional $150 or $195 fee to your clients for an “admin fee” or “additional commission”. Did you cover any of these fees for your clients?
Total amount of fees covered:
Step 5 :
Did you pay any “Technology Fees” to your brokerage?
Many brokerages charge an additional annual fee per year to use their technology.
How much did you pay last year for a technology fee?:
Step 6 :
Did you pay for E&O Insurance?
Brokerages will typically charge you an additional annual fee per year for insurance.
How much did you pay for E&O Insurance last year?
Total Amount of Fees paid to your brokerage:
You would save MINIMALLY this amount joining CGA!