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#20370 - 05/22/06 06:19 PM Prudential - Remax- ColdwellBanker - Century 21
Lauren McDonald Offline
Member

Registered: 05/03/06
Posts: 12
Who do you think is the best real estate company to start a franchise with, Prudential, remax, coldwell banker or century 21?

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#20371 - 05/23/06 03:46 PM Re: Prudential - Remax- ColdwellBanker - Century 21
Tanya Offline
Moderator

Registered: 04/03/06
Posts: 304
Loc: Jacksonville, FL
Didn't like any of those franchise models

I wanted a co. that was new & fresh, where I could offer higher commission splits & deviate from a more tradional real estate office. I wanted the agents to truly be able to run their own business so that eliminated Pru, CB & C21.

I didn't like Re/Max's fees
_________________________
Tanya Watson/Owner
Sellstate Performance Realty, Jacksonville, FL

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#20372 - 05/24/06 01:07 AM Re: Prudential - Remax- ColdwellBanker - Century 21
AZ- Realtor Offline
Veteran Member

Registered: 08/16/05
Posts: 626
Loc: AZ
I guess it depends on the area, and how many of the same franchises there are in the town.

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#20373 - 05/24/06 01:13 AM Re: Prudential - Remax- ColdwellBanker - Century 21
Perry Offline
Member

Registered: 03/08/06
Posts: 117
Loc: Toronto
Quote:
Originally posted by Tanya:
Didn't like any of those franchise models

I wanted a co. that was new & fresh, where I could offer higher commission splits & deviate from a more tradional real estate office. I wanted the agents to truly be able to run their own business so that eliminated Pru, CB & C21.

I didn't like Re/Max's fees
Tanya, you're a big poster here and I guess everyone thinks you're a bit of an expert so tell me about those big REMAX FEES that I gladly pay every month. I'd be interested in knowing the perception of REMAX from your perspective.

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#20374 - 05/24/06 08:34 AM Re: Prudential - Remax- ColdwellBanker - Century 21
navarac Offline
Veteran Member

Registered: 01/19/06
Posts: 994
Loc: New Jersey
Quote:
Originally posted by Tanya:
Didn't like any of those franchise models

I wanted a co. that was new & fresh, where I could offer higher commission splits & deviate from a more tradional real estate office. I wanted the agents to truly be able to run their own business so that eliminated Pru, CB & C21.

I didn't like Re/Max's fees
I work for one of the majors listed. My split is excellent. I am free to set my own commissions. I have complete control over my farms. I have complete control over my marketing. It all depends on the individual broker. Many "stodgy" agencies have brokers that correctly cede control almost completely to their good agents. They are a pleasure to work for because you get the benefit of the brand and the control you need to run your business.

You don't need "new and fresh", you just need the right broker with the correct philosophy.

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#20375 - 05/24/06 08:42 AM Re: Prudential - Remax- ColdwellBanker - Century 21
realestate1 Offline
Member

Registered: 10/29/05
Posts: 330
We're with CENTURY 21. Our split with our broker is excellent but we don't like the 8% that we have to pay to CENTURY 21. In our market they aren't a big player at all and advertising via radio and TV is nearly non-existent.
_________________________
l]

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#20376 - 05/24/06 10:32 AM Re: Prudential - Remax- ColdwellBanker - Century 21
MDHomes2Go Offline
Veteran Member

Registered: 09/19/04
Posts: 698
Loc: Montgomery County, MD/DC Metro...
"Many "stodgy" agencies have brokers that correctly cede control almost completely to their good agents."
-You crack me up.... Navarac and the other inmates in charge of the Asylum!
_________________________


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#20377 - 05/24/06 11:08 AM Re: Prudential - Remax- ColdwellBanker - Century 21
UpscaleLV Offline
Member

Registered: 01/14/06
Posts: 724
Loc: Las Vegas
***I work for one of the majors listed. My split is excellent. I am free to set my own commissions. I have complete control over my farms. I have complete control over my marketing. It all depends on the individual broker. Many "stodgy" agencies have brokers that correctly cede control almost completely to their good agents. They are a pleasure to work for because you get the benefit of the brand and the control you need to run your business.
***

I agree. We are real estate agents. We have to look outside the box. We have to evaluate what's offered and negotiate what we want.
--A

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#20378 - 05/24/06 11:58 AM Re: Prudential - Remax- ColdwellBanker - Century 21
Paul Oaks Offline
Major Contributor

Registered: 06/23/04
Posts: 3370
Loc: Central Illinois
Everything with a franchise is negotiable except the franchise % per transaction fee.
Your fee structure between your agents and you the broker is totally up to you as is setting any minimum commission. The advantage of the large brand is mass recognition and support. That national advertising does help. If you want relo business and to be able to service corporate relocation then the national brands are the way to go!


Quote:
Originally posted by Tanya:
Didn't like any of those franchise models

I wanted a co. that was new & fresh, where I could offer higher commission splits & deviate from a more tradional real estate office. I wanted the agents to truly be able to run their own business so that eliminated Pru, CB & C21.

I didn't like Re/Max's fees
_________________________
Paul Oaks
Oaks Real Estate Group

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#20379 - 05/24/06 09:22 PM Re: Prudential - Remax- ColdwellBanker - Century 21
Sheldon Johnston Offline
Member

Registered: 10/11/05
Posts: 428
Loc: Edmonton, Alberta, Canada
Every model has potential. Every company has its good and bad, agents and brokers.

There are benefits to the franchise model and there are some limitations. Your question of which is the best is only answerable by ego. Clearly each of these companies have demonstrated the desire and committment to be leaders. They have invested heavily with their agents, technology and training.

Other companies can offer lower fees but don't necessarily have the same benefits.

The best answer to that question is me. I am the best company and I make whoever I chose to work with that much better. wink
_________________________
Sheldon Johnston
Coldwell Banker Johnston

www.edmonton-homes.ca

Blog http://www.edmontonrealestateblog.com/

Edmonton, Alberta

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#20380 - 05/24/06 10:39 PM Re: Prudential - Remax- ColdwellBanker - Century 21
Gig em Offline
Veteran Member

Registered: 06/15/05
Posts: 1245
Loc: Texas
One thing to consider is that with some of the major franchises once you prove yourself you can get on a number of referral teams where you can get numberous referrals annually. You pay a significent referral fee, but it sure is nice getting many millions of dollars of business driven to you by the company. It sure is a nice base level of sales annually.
_________________________

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