A Look at Kansas Real Estate: Owner of the Kansas City Chiefs

Although the commission-based compensation model has a lot of variance, we are going to be using some standard estimates to approximate how much the real estate agent for each of these multi-millionaires earned. For this post, we are estimating that the purchase agreement for each of these listings designates a 3.5% representation fee for the buyer’s agent and the agent works on an 80%-20% compensation model with their broker. Further, for leases, we are estimating that the leasing agent makes 2% of the gross value of the lease. Let’s have a look to see how much you could have made if you represented these athletes.

Lamar Hunt is the current owner of the Kansas City Chiefs. The Chiefs are based out of Kansas City, Missouri. They compete in the NFL in the American Football Conference (AFC) West Division. The team was founded in 1960 originally as the Dallas Texans by businessman Lamar Hunt. In the spring of 1963, the team relocated to Kansas City where they are to this day. The Chiefs are valued at over $2 billion dollars.

Lamar Hunt found his fame and fortune through the promotion of American football, soccer, and tennis in the United States. He was the principal founder of the American Football League, Major League Soccer, and the co-founder of World Championship Tennis. He was born in El Dorado, Arkansas and grew up with an avid enthusiasm for sports. He “played football” in college but it is probably more accurate to say he was on the team at Southern Methodist University (he rode the bench).

Where is he now and how did he spend his enormous fortune? As the man who came up with the name “Super Bowl” Lamar Hunt is one of football’s most prominent figures. His super estate and vineyard is priced at $19.95 million dollars. Lamar and his wife of 42 years purchased 40 acres in Knights Valley, California. It is right at the top of Napa Valley and is the perfect location to develop a winery—which is exactly what he did. His 6,615-square foot house was built the same year the first block of Cabernet Sauvignon vines was planted in 2002. They named their property, Bidwell Creek Estate and Vineyard, and their wine label, Perfect Season Cabernet Sauvignon.

Total Value of The House:  $19,950,000

Buyer’s Cut: $698, 250

Agent’s Take-Home Pay: $558,600

Well, it looks like there are over half-a-million reasons to represent Lamar. If you’re looking to join the real estate industry after reading about these beautiful estates, check out our Kansas or Missouri Pre-License package. Be sure to check out the Career Corner for more blogs about what it’s like working in real estate.