Side Gig One – Fincon

There are a lot of factors that go into answering this question. Example: you may have a real estate agent who works for a real estate broker and makes only 60% of a 3% earned commission on a transaction, while a Mortgage Broker makes 2% on this same transaction. For simplicity’s sake, let’s say this transaction is $100,000.00. The real estate agent would earn $1,800.00 which is 60% of the 3% earned. Whereas, the Mortgage Broker would earn the higher $2,000.00 which is 2% of the transaction. This same scenario could easily be reversed commission wise and the scales weighed in the exact opposite direction, or the real estate agent could be the owner of the Real Estate Brokerage and not have to split the commission at all, as well as the same with the Mortgage Broker. However, there is a consensus that real estate agents, on most transactions, make more than the mortgage broker and banker since the implementation of the ill conceived and shallowly thought out

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