What is a Commission Split?

Welcome to my channel and in today’s video, I am going to answer the question "What is a Commission Split?"
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In today’s video, we'll explain what a commission split is and what value you receive from higher vs lower commission split brokerages.
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[@NVSTRZ34]

Is there such thing as a mentor split your first year? Like an extra split to your mentor? Is that common? I think I have seen something like that talked about. Not sure what fair terms are for that and an additional split %?

[@RaphaelCollazo]

That's a great question! There is such a thing as a "team split". After the brokerage split, you may have to divvy up the remainder amongst team members based on seniority. This is a common practice at larger firms where you are part of a team. Hope this helps.

[@NVSTRZ34]

@@RaphaelCollazo Thanks for the reply. So what might a typical team split look like?