What might a new broker prefer regarding commission splits when starting out?

A new broker may prefer lower splits for increased support and supervision as they are often entering a complex and competitive market environment. Starting out in real estate can be challenging, and new brokers typically benefit from mentoring and guidance offered by more experienced agents or brokerage firms. By opting for a lower commission split, a new broker can access resources such as training programs, marketing assistance, and operational support which are crucial in building their foundational skills and client base.

This approach often allows them to learn best practices and industry standards while having a safety net of experienced individuals to rely on as they navigate their early career in real estate. While higher commission rates may seem appealing, the support provided can be instrumental in ensuring their long-term success and stability in the market.