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#184954 - 12/03/07 08:13 PM
Re: Coldwell Banker
[Re: estatereal]
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Veteran Member
Registered: 05/14/05
Posts: 937
Loc: The Milky Way
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100% of nothing is the same as 50% of nothing, but when a check comes in @ 100% your check is 100% and 50% of your check is only half of what you could have made. True, but agents who are trained well make more deals. A switch can be made in the future.
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#185398 - 12/05/07 03:21 PM
Re: Coldwell Banker
[Re: cherry27]
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Member
Registered: 12/05/07
Posts: 12
Loc: Ohio
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I have been an agent with CB for many years. As a new agent comming into the office this is what you get.
50/50 split, 35 E&O per deal up to 600.00 per then you don't pay again until the following year. Franchise fee is 6% but you only pay 3% the office pays the other 3%. Office pays 50% of all marketing. Company book is free. No copy fees, technology fees, fax fees or phone fees. Signs are paid for, you buy open signs. 1st set of cards are free. Commission goes up based on yearly volume, does not go down if you sell less the following year. You pay all dues. Pay 99.00 per year for customizabe website. Tons of free materials on CB intranet site. Broker will personally go with you on listing appointments and not ask to be compensated, (huge for new agents). Lead Router is free. Floor time is available as much as you want. Agents will give you open houses and homes to advertise, you keep all of your side if you sell it.
You just can't beat it with a stick.
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#185965 - 12/07/07 02:47 PM
Re: Coldwell Banker
[Re: NEohioREA]
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Member
Registered: 11/13/07
Posts: 200
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There should be plenty of small companies out there with a lot of training available. Small companies have small fees (most of them). You want to ask around, research their reputaion. How much can the manager / broker help you. Are they in the office all day? Will they give you undivided attention?
I started at RE/Max and paid just under 25k my first year before I hit 100%, and then there were still fees, and more fees.
No matter what, I have made it a point to brand myself, not my company. I've moved 4 times in 5 years and the only thing I ever changed was my business card. I pay 6k flat / yr. plus 100 per transaction. I always pay up front so am always getting 100%.
I never understand why people pay the big bucks, no matter how much you make, money is money and you don't need the big name to make it.
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#186790 - 12/11/07 10:23 PM
Re: Coldwell Banker
[Re: NEohioREA]
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Member
Registered: 03/10/07
Posts: 52
Loc: USA
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Is this a set for agents that are brand new to real estate or new to Coldwell altogether? Are they open to a higher split for an agent that is in their 2nd year.
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#187173 - 12/13/07 05:46 PM
Re: Coldwell Banker
[Re: cherry27]
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Major Contributor
Registered: 08/16/07
Posts: 2813
Loc: X
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Negotiate! Don't accept the 50/50 split. My second year I switched markets and brokerages, and all the ones that said they were 50/50 I pushed to 75/25 with little to no effort.
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#187177 - 12/13/07 06:04 PM
Re: Coldwell Banker
[Re: cherry27]
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Junior Member
Registered: 12/13/07
Posts: 1
Loc: sedona, az
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The market has completely changed in the last 12 month's. The inventory is high and sellers are more willing to negotitate. Some REALTORS are not ready to accept this market, my opinion is "get over it." The face of real estate has changed dramatically and it is a buyers market, especially in Arizona, especially in the vacation market here in Sedona. You can view listings on my website and see firsthand the reductions in price and increase in inventory. http://www.sedonaarizonahomesforsale.com
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