Skip to content
Keeton & Co Real Estate

For agents

What fees do real estate brokerages charge agents?

By Daniel Keeton Updated 5 min read

Most brokerages charge some mix of a commission split, often with an annual cap, per-transaction fees, monthly desk, technology or office fees, E&O insurance and, at national franchises, a royalty off the top. The split alone rarely shows the real cost. Add up every fee for a year of your own deals and weigh it against the support you get.

Four Keeton & Co agents holding their awards in front of a Keeton & Co logo wall

Most brokerages charge agents some mix of a commission split (often with an annual cap), per-transaction fees, monthly desk, technology or office fees, E&O insurance, and at national franchises, a royalty off the top. The headline split rarely tells you the real cost. Add every fee for a full year of your own deals, and compare the total you’d pay and the support you’d get for it.

When we Googled “What fees do real estate brokerages charge agents?” on Nov. 5, 2026, Google’s AI Overview answered: “Real estate brokerages typically charge agents a combination of commission splits, franchise fees, desk or office fees, and technology or transaction fees.” It explained that traditional brokerages take a split “(commonly a 50/50, 70/30, or 80/20 split) until the agent hits an annual ‘cap’,” that “Major national brands (like Keller Williams, RE/MAX, or Century 21) often take an additional 3% to 8% ‘royalty’ or franchise fee off the top of gross commissions,” that desk fees range “from $25 to $500+ per month,” and that per-deal fees range “from $175 to $400+ per transaction.”

That’s a solid list. I’m Daniel Keeton, Broker and Founder of Keeton & Co, and I talk through brokerage plans with agents every week. Here’s how each fee works, what agents miss, and how to compare offers honestly.

What are the most common brokerage fees?

Fee How it works Typical range, per the AI Overview Questions to ask
Commission split Brokerage keeps a share of each commission 50/50, 70/30, 80/20 Does it improve with production?
Annual cap Split stops once you’ve paid a set amount Varies by firm What do you pay after the cap?
Franchise royalty National brand takes a share off the top 3% to 8% Is it capped too?
Desk or office fee Monthly or annual fixed fee $25 to $500+ a month Do I pay it in months I don’t close?
Transaction fee Charged on every closing $175 to $400+ Is it charged before and after cap?
Technology fee CRM, documents, website Monthly Can I use my own tools?
E&O insurance Errors and omissions coverage Per deal or annual What’s the deductible?

What fees do agents forget to count?

The AI answer covers the big ones. These are the ones I see agents leave out when they compare brokerages:

Hidden cost Why it matters
Transaction coordination If your brokerage doesn’t include it, you’ll pay a private TC or do it yourself
Lead referral fees Brokerage or portal leads often carry a referral fee of their own
Post-cap fees “100% after cap” usually still has a per-deal fee
Marketing Signs, photos, print and ads may or may not be included
Your time Every task the brokerage doesn’t handle comes out of your selling hours

MLS, association dues and licensing aren’t brokerage fees, but they’re real costs. See what it costs to be an agent in Virginia.

How do the brokerage models compare?

Model How fees usually work Who it fits
Traditional franchise Split plus royalty, often desk and tech fees Agents who want a national name and office
National cloud brokerage Lower cap, per-deal and annual fees, little local support Self-sufficient agents with their own systems
100% or flat-fee Small per-deal or monthly fee, minimal services Experienced agents who need almost nothing
Team Bigger split to the team, but leads and support Newer agents who want leads and coaching
Independent local brokerage Varies; some include coordination and leads Agents who want local support without a team split

We’ve compared these in more depth in Keeton & Co vs. cloud brokerages and Keeton & Co vs. franchise brokerages.

What fees does Keeton & Co charge agents?

Here’s our Individual Agent Commission Plan, exactly as published:

Fee Keeton & Co
Split, 0-20 deals 70/30
Split, 21+ deals 80/20 (better levels by prior-year volume, up to 92/8)
Annual cap $20,000 at every level
After the cap 100% commission with a $200 fee per deal
Transaction coordination $387 per deal
E&O fee $0
Office fee $0
Franchise royalty None

For a 20-deal agent with $200,000 GCI, that’s a $20,000 cap, six post-cap fees at $200 ($1,200) and 20 × $387 in TC ($7,740), for $28,940 total. The agent nets $171,060, plus a $3,000 President’s Club trip. Our join page estimates a typical national cloud brokerage costs the same agent about $29,169, netting $170,831.

Source: keetonco.com/join, accessed Nov. 5, 2026. Individual results vary.

I’ll be honest: some brokerages cost less on paper for certain agents. What our fees buy is in-house transaction and listing coordination on every file, an HQ back office, our Kai AI assistant, a local office and staff (about one staff member for every 4.5 agents), and a brand with over 1,600 five-star Google reviews. Company appointments are available through a separate leads plan.

How do I compare brokerage fees the right way?

Step What to do
1 Pull your last 12 months: number of deals and total GCI
2 Run them through every plan, including caps, per-deal and monthly fees
3 Add what you’d have to buy yourself: TC, marketing, CRM, leads
4 Put a value on support you’d actually use
5 Read the contract, including exit fees and how long you must stay

Our step-by-step guide is how to compare brokerage plans with your last 12 months. For the cap math, see what is a commission cap, and for splits, is a 70/30 split good.

Pros and cons of low-fee vs. full-support brokerages

Low-fee models Full-support models
Pros Lower cost on paper; more control Coordination, leads, training and local staff
Cons You buy or do the support yourself Higher splits or per-deal fees
Watch for Fees that add up after cap Support that’s promised but not delivered

The bottom line

Brokerage fees aren’t just the split. Add up every fee for a real year of your business, then subtract what you’d spend to replace the support. Keeton & Co serves agents in the Richmond, Charlottesville and Lynchburg areas. Want to run your numbers with me? Visit Join Keeton & Co or contact us for a confidential conversation. Call 804-373-2223.

AI Overview quoted from Google, captured Nov. 5, 2026; fee ranges are as the AI reported them and vary by firm. Keeton & Co plan and comparison figures from keetonco.com/join as of Nov. 5, 2026. Written by Daniel Keeton, Broker & Founder. Updated Nov. 5, 2026.

Confidential

Want to talk it through?

A conversation with David Giles, not a group presentation. Nothing gets back to your current broker.

By submitting, you agree that Keeton & Co Real Estate and its agents may call and text you at the number you provided about a career with Keeton & Co, including by automated means and AI-generated or prerecorded voice. Consent is not a condition of purchase. Msg & data rates may apply. Reply STOP to opt out. Privacy Policy

Goes to David Giles, Director of Business Development. Never to the client pipeline, and never to your current broker.

More on for agents