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KW BALlantyne Commission Split & What Capping means
Everyone wants to know what KW Ballantyne's commission split is.
The reality is, if you're making a high %, but have no proper training, you will not be getting business and will most likely be out of the industry within a year.
KW not only offers all the training, but also a very competitive commission split that you can shop around and confirm it's one of the best.
KW Ballantyne offers a 64/30/6 Split with an annual cap threshold that then gives 100% commission.
64% goes to the agent. (you)
30% goes to the Market Center. (KWB)
6% goes to KWRI. (Royalty fees)
The Market center caps at $13,500.
The Royalty fee caps at $3,000.
Once the market center and royalty fees are paid for that year, you receive 100% commission for the rest of the year. Let's run a breakdown of the numbers.
example
If your total gross commission passes $45,000, you would pay 30% of that to the Market Center ($13,500) which would then "CAP" your Market Center rate and you would make 94% until you hit a total of $50,000 gross commission. 6% of $50,000 totals to $3,000, meaning your Royalty is paid off.
Meaning, once you do $50,000 in total commissions (pre-split), you will then make 100% commissions for the rest of the YEAR on all future business.
If you had an average of 2.75% commission, you would need $1,819,000 in Sales Volume to reach $50,000 gross commission (pre-split) and be 100% capped.
In Charlotte, the median home price is $400,000. If you sell just 4.5 homes, you would cap and make 100%.
Nobody gets in Real Estate to make $32K though.
If you want to break $100,000 with our commission splits, you need roughly $4.3M in sales volume, or ~10.75 homes sold in a year.
The cap does reset every year depending on your start date and gets easier every year based on your continued success.
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