From the perspective of the best training, the option of the best commission split(90 or 100%), and the most visibility to the customer, who would you recommend? We are starting our real estate practice in the Phoenix area and have plenty of backing to get off the ground in a reasonable amount of time with no "part time jobs" or other distractions.
I was thinking between Keller Williams, Prudential, or Coldwell Banker......any ideas from those with experience?
2007-04-14 07:41:12 · 9 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
NEVER Re/Max, they are crooks, go with almost anyone else...
2007-04-22 04:40:41 · answer #1 · answered by Mark P. 5 · 0⤊ 0⤋
When I became I realtor, I interviewed at Re/Max. They offered a great commission split. However, there was the franchise fee, the desk fee, I would pay 100% of my advertising, the was a $50 E/O (error and omissions insurance), the list went on and on, Basically, you have to pay to work there. This can be a very tough spot to be in for a new realtor.
I'd suggest checking local reputation, ask friends, neighbors, relatives, who have they had great RE experiences with? When you drive around town, who is advertising? (This doesn't mean it is a great office) Assemble a list of agencies you are interested in, and interview them. Some offices are very competitive among agents, worse than any car lot. Others are more cooperative. Some are very friendly and everyone works out of the office. Others, no one is in the office unless they are on floor. You have to do some soul searching for what works for you and pick the office in which you think you will flourish.
Good luck to you.
2007-04-14 12:28:34 · answer #2 · answered by godged 7 · 1⤊ 0⤋
I work for a small company, and love it. My best answer would be to check out all the companies and choose one that is the best fit for YOU.
Prudential charges for required extra schooling (for the new agent), and I really don't know much about what the other two offer. I know that in my area, Keller Williams is much respected.
A colleague just moved from here to Coldwell and he loves it.
Good luck!
2007-04-14 10:32:38 · answer #3 · answered by Christina 2 · 1⤊ 0⤋
Art is correct. Those are national companies, and Re Max is worldwide... but I think you need to find a good company so you can sell in Phoenix. Go around and do some interviewing. Talk to some Realtors who are making money, and like their work. Figure out what you are and are not willing to do to be successful. (I don't work on Sunday)
Know that the 100% places will be charging you fees to be there, whether you are making money or not - and the "training" places will be requiring you to be in training sometimes when you'd like to be out making money to pay those fees..... It is a business. There is a start up cost. Is your "plenty of backing" just a parent who is going to allow you to live there, or does it include dollars for advertising, licensing, fees, etc? Make sure to get your questions answered.
2007-04-14 08:04:43 · answer #4 · answered by teran_realtor 7 · 1⤊ 0⤋
Hands down, Keller Williams. The best training in the industry, profit sharing, you are only on a split to a certain amount then you keep 100% commission, and best of all the culture. Unlike other brokerages where it is everybody for themself, top agents share with new agents how they gotwhere they are, so you don't have to reinvent the wheel. My cap is 22K in my market center, I made 20K in profit share last year, so I paid 2000 to my broker last year. It is now my 3rd year in the industry and thanks to the training and systems (that the GIVE you FREE) I have made 6 figures a year for the last 3 years. It is a no brainer to me. My husband was a top producing agent with Re/MAX and we did the math on how much he paid them... it was sad how much money he gave to them. Same with traditional brokerages where you are on a split forever, lets use 80/20 for example. If you did 6M in production the you would pay your broker 36K for that year.....
2007-04-15 01:50:48 · answer #5 · answered by Anonymous · 3⤊ 0⤋
Hello! Real Estate agents, help anyone find a home / apartment. You don't pay them, they just make commission off the property you decide to rent / buy. Look around your city, on bus benches, they usually have pictures, and contact information on Real Estate agents.
2016-04-01 01:37:05 · answer #6 · answered by Anonymous · 0⤊ 0⤋
It would be better to talk to the Brokers at the agencies you are interested in and see what they have to offer you. The 3 you have named you should talk to some of their agent's as well all 3 will nickle and dime you to death with office fees. Your time interviewing different Brokers will be well worth it.
2007-04-22 07:26:22 · answer #7 · answered by shelton s 1 · 0⤊ 0⤋
Just remember each office is undependably owned so good luck
2007-04-19 10:18:30 · answer #8 · answered by walding714 2 · 0⤊ 0⤋
Any of those are probably good... they are all national companies. I work with RE/MAX, which is worldwide.
Best of luck to you in your decision!
2007-04-14 07:52:03 · answer #9 · answered by Art 4 · 1⤊ 0⤋