Comments on: How does a principal broker for a real estate company get paid? http://www.businessbrokersguide.com/blog/how-does-a-principal-broker-for-a-real-estate-company-get-paid/ Thu, 17 May 2012 09:41:19 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Searchlight Crusade http://www.businessbrokersguide.com/blog/how-does-a-principal-broker-for-a-real-estate-company-get-paid/comment-page-1/#comment-968 Searchlight Crusade Thu, 27 Aug 2009 10:20:06 +0000 http://www.businessbrokersguide.com/blog/how-does-a-principal-broker-for-a-real-estate-company-get-paid/#comment-968 Most often, they get a piece of every transaction in the office. Their license is on the line for it. Of course, broker/owners who don't want to be principal are usually playing rope-a-dope, so whatever you can get your dope to agree to. If your practices and supervision and training were up to the task, there wouldn't be any need to pay the dope, would there? Most often, they get a piece of every transaction in the office. Their license is on the line for it.

Of course, broker/owners who don’t want to be principal are usually playing rope-a-dope, so whatever you can get your dope to agree to. If your practices and supervision and training were up to the task, there wouldn’t be any need to pay the dope, would there?

]]> By: acermill http://www.businessbrokersguide.com/blog/how-does-a-principal-broker-for-a-real-estate-company-get-paid/comment-page-1/#comment-967 acermill Mon, 24 Aug 2009 19:16:29 +0000 http://www.businessbrokersguide.com/blog/how-does-a-principal-broker-for-a-real-estate-company-get-paid/#comment-967 It all depends on what you desire. I've seen principal brokers who were paid a straight salary plus a bonus based upon production. Others are strictly 'bonus' oriented. Yet others use a combination of a base salary along with earned commissions on transactions which they generate themselves. There are no hard and fast rules about principal compensation. You can devise whatever works for your firm. It all depends on what you desire. I’ve seen principal brokers who were paid a straight salary plus a bonus based upon production. Others are strictly ‘bonus’ oriented. Yet others use a combination of a base salary along with earned commissions on transactions which they generate themselves.

There are no hard and fast rules about principal compensation. You can devise whatever works for your firm.

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