As a real estate agent, who would you choose to work with between Re/Max and Prudential?

Question

I'd like to know who is best in terms of training and costs associated with joining one or the other (I understand Re/Max's costs are about 2k and Prudential's about 3k.

Answer 1

I am an ERA Realtor. I didn't choose ERA, although I like them and found their promise to buy a home if they can't sell it, a great listing tool. My broker decided to francise and checked out all of them before she decided on ERA.

But if I had to choose between Re/Max and Prudential, it would be hands down, Re/Max. With today's buyers and seller's shopping on the internet first, web presence is very important. Go to Market Leap and check the stats on Re/Max. Nobody comes close.

As far as training....the best real estate training you will EVER get is from the Mike Ferry Organization. I listen to his tapes and CD's and hope to go to a seminar soon. Mike Ferry students are always top producers. I found his materials on eBay and have amassed a collection and a half over the years.

Before you go anywhere, check out the Broker! Your office will be as successful as your broker is, and YOU will want your mentor ready and available. The best way to find out is to take the top agent out to lunch and ask questions. Do your homework on all the offices you are considering.

You have chosen a very rewarding career. I wish you many closed sales and happy clients!

Answer 2

I work for Re/Max, the annual dues are $350 and my broker has it set up to where if you pay the $350 monthly franchise fee, your split is 70/30. if the office pays that, then the split is 60/40. other fees are MLS initiation, NAR + state and local Realtor fees. this split is in a small town, so large cities may have something different. Re/Max does have quite a bit of training available, but keep in mind that both of these companies are franchises, so the broker's commitment to training may vary widely between offices. I would be more interested in the type of person who is managing the office than I would in the name on the sign out front. your success or failure is largely up to you, you can sign on with the best organization with the best training and support, and you won't sell squat if you don't want to go to work. there's no Prudential office here, so I couldn't tell you if I would work for them or not. you do have to buy your own signs with Re/Max, so count on another $400 for that. Personally, if I was going to switch offices I would go with a local outfit because I am sick of paying these exorbitant franchise fees.

Answer 3

ReMax is a huge nation wide real estate company with many real estate officers.. Prudential is also a huge company.. Go with whoever pays the best, who ever sells the most houses, whoever gets the most listings, and who ever offers the best benefits! Hope that helps!

Answer 4

in the beginning, I would focus on reducing costs and which company gives you the most value. Remember, you are straight commission and pay them a portion of what you make so you are paying to work there. When you are new and have less income it makes sense to pay less to work somewhere. You can always make the change later for a better commission split.

In the beginning focus on reducing costs and doing transactions. 50% of a few sales is better than 100% of none

Answer 5

The desk fees at Remax can really kill you if you are not selling properties. Remax is designed for seasoned agents, not really for beginners. I would suggest a century 21, or coldwelll banker. I think these would be much better to begin with.
Good luck,
RE Agent,
Remax