What type of business model does Chris work under if he has a broker that provides substantial support and a 50-50 commission split?

The scenario indicates that Chris works under a business model where a broker provides substantial support and involves a 50-50 commission split. In a traditional or full-service model, real estate agents typically receive support and resources from their broker, allowing them to focus on closing sales while the broker handles administrative tasks, marketing, and compliance with regulations. This structure often includes training, leads, and offices, which are essential for providing agents the tools they need for success.

The 50-50 commission split signifies a balanced financial arrangement that allows both the agent and broker to benefit from the transactions. This is a hallmark of traditional brokerage models where the agent takes a percentage of the commission after a sale closes, reflecting a supportive partnership rather than an independent or minimalistic approach.

The other models presented don't align as closely with the details provided. For instance, a team model would imply a group dynamic rather than a one-on-one broker-agent relationship, while the broker sells/no associates model suggests that the broker operates solo without agents under them. A virtual office website model indicates a reliance on technology and online platforms rather than personal broker support and in-person interactions.