I should clarify my reccomendation by saying new agents would be better off joining a well organized, well established team with a strong leader and lots of leads. Two newbies teaming up is not the same thing.

Glad you made a decision.... There are lots more to do....

To strength and prosperity.... Congrats.

Thanks, fatmaxxv, your advice has always been extremely helpful.
Here's to Texas Real Estate!!!

Welcome to the Prudential family! We love it, and have heard great things about Prudential Gary Greene! Convention is in San Diego this year, if you can get in .. DO IT! We are a male female team in the DC area and the conventio last year really improved our business and motivated us!

I started with Prudential and their training was just fine. I agree with the others about the 2 year no compete thing. That seems odd although you will probably be with any of them for at least two years. I'm not so sure about Re/Max for a new agent. Great company and great when you have experience under your belt but cash flow is everything when you are starting and having someone carry your costs (with a split program) while your are getting established is big.

Well, I'm a little embarrassed to say, but we had a week delay in seeing the training person at Prudential as she was on vacation. This was to coordinate our training since my wife and I are going part time initially. In the meantime, I had heard more about Keller Williams. I figured it wouldn't hurt to interview one more broker. We were both very impressed with the way they appear to operate. The split was about 20% higher than we were going to get with the other firms and the agent focused environment and training really led us to change our minds and start our careers with KW. I've got nothing bad to say about Prudential at all, but this just seemed to be a better fit for us.
We faxed in our sponsorship forms to TREC from their office this evening and look forward to a long and productive relationship with Keller Williams.

No need to be embarrassed. You have to look out for #1 (you and your family)...and if you believe you made the right decision, then have no regrets! I'm sure everyone here would agree with that...regardlesss of where they work. Best wishes!

I've got no regrets, thanks. I think I may have been influenced early on by some people here who said something about the cap having to be restarted every agent fiscal year and that turned me off. What I didn't realize at the time was that the split was 70% starting out. With such a high starting split, I am not worried about it starting over yearly. So, we're very pleased and hope we will be down the road. Thanks everyone for all your comments and help.

Actually, the way my company has it (Prudential) is even though the dollar amount structure starts over every year, the commission split never drops down. It basically means in order to move up in commission split, you would need to produce a certain dollar amount in one year. If you don't the split doesn't drop though.

Hi Len,
Just curious, at what percent does Prudential's commission split start, and how high does it go? And at what production level do you need to attain to reach the highest split?

At KW in my region, to reach 100% you need $2.5 million in production. You then roll back to 70% on the anniv. of your hire date. And then the cycle starts again.

Regards,
Damon

If you are a brand new agent out of the box, they would usually start you out at 50/50 like most big companies. You then move up 5% every $10k you make in personal commissions. You can max out at 90%, unless you decide to pay a monthly fee for a private office. Then you can have 100%. But remember, each franchise is independently owned and operated. They all have different methods.

Hi ya'll,

I'm in Texas going to school to get my license but I was wondering if once I get my license in Texas can I go to another state like California and work? Do I have to take go to real estate school again in California or do I have to take the CA state test? Have any of ya'll sold properties out of the state that you business is in? Any advice would help.

Thanks

You cannot sell real estate in any state other than where you're licensed. You would have to go and get your license in the other state. That means you will have to take the schooling and the exam again for that state.