How do team splits work?

The Team Split is a fee paid by a Team Member to Team Leader on each transaction. The Team Split is governed by the Team Addendum on file with Real. 

Here's how it works:

• We multiply the Gross Commission Income (GCI) by the Team Split (%) - to figure out how much of the deal is allocated to the Team Member vs. Team Leader. 
• This is subtracted from the Team Member's GCI and will appear as a payment to the Team Leader. 
• Then, we will subtract the Split to Real and any fees. 
• The Split to Real is calculated based on the amount each member earns on a deal. 

Please note: the team split is paid even after you cap with Real. Your Team Leader may offer a Team Cap, learn more: ProTeams: What is a Team Cap?

 Example:

• Team Member earns $10,000 GCI and has a 10% split with Team Lead
• $9,000 allocated to Team Member
• $1,000 allocated to Team Lead
• The Team Member will pay $1,350 Split to Real ($9,000 x 15%)
• The Team Leader will pay $150 Split to Real ($1,000 x 15%)