So I am a new agent who is about to sign with a team who is under the eXp brokerage. I was reviewing my paperwork and noticed the team commission split will be 60/40. That is 60% to team leader and 40% to the team member. As well as 20% to eXp until $8000 cap is hit.
So for example. If the sale of a home generate $10,000 in commission, $6000 would go to the team leader, of the remaining $4000, $800 would go to eXp, and then I would get the remaining $3200.
Do these commission splits seem fair? I guess I was a little surprised to see the team leader get 60%, is this a normal team split?
I like this team and know I have a lot to learn about the business, but I want to start out making a fair commission. Advice needed!