I am looking to get into a mortgage career in California, and was wondering the difference between how commercial loans and residential loans commision splits are handled, since there is a larger amount of money people are borrowing between the two? ( if the is one) ….
If they vary between companies. Could I just get a basic example of each split? ( i.e. I know with Res. loans, you can make commision off of "points" or % of the loan), does that system work for Commercial as well with certain companies? Or is it something totally different?
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That entirely depends on brokerage/bank you’re working with and varies wildly. It’s a great question for you to ask in your interview. Keep in mind that the responses will vary, even in your local market by a huge amount.