Just like Century 21 has franchises... so does Exit. Maybe your franchise sucks? I'm with Exit in Myrtle Beach and that commission split / fees do not match up (except for the international dues). My Exit actually has different commission split plans and fees you can choose from. I wouldn't work anywhere else as we were voted "Best of the Beach" last year and it was proven in the MLS that our agents get more for our sellers. Also, the lead generation program that we have is unheard of. It's great!

As far as having unexperienced agents - Not true. My franchise doesn't take just anyone and we've had a lot of agents from other companies here come over.

I think before you go trashing Exit Realty you should research further. Each company is not a fit for everyone. If Century 21 worked for me I would be over at Century 21. But, just because it doesn't work for me I'm not going to trash it as it may work for someone else

Is there anyone out there who works with Exit Realy now and is giving up a slice of their commission to another agent who recruited them there? I was wondering if that is something that bothers you or not. I mean it seems to me that in a short time, you would get sick of giving up your commission for really nothing.

Exit is region and broker driven. If the regional owner of the state is strong and spends advertising dollars it will help attract strong future broker/owners.

If the regional owner is non existant and spends nothing on the region, it will attract weaker brokers or maybe a strong broker but the agents will not see or understand the potential of Exit.

Former Exit Regional Director. If you have questions, just ask. I was involved with Exit on the Regional level and RE/MAX on the broker level.

Both are great companies. Different strokes for different folks.

Hi everyone,

I'm enjoying this thread. Please allow me to address this comment:

Is there anyone out there who works with Exit Realy now and is giving up a slice of their commission to another agent who recruited them there? I was wondering if that is something that bothers you or not. I mean it seems to me that in a short time, you would get sick of giving up your commission for really nothing.

The FAQs on our website were updated with this information today:

Q - Does the sponsor bonus come out of the sponsor or recruit's commission?
A - No, the sponsor bonuses are paid by EXIT Realty Corp. International to the agent who sponsored the recruit as a thank you for helping to grow the business. The amount of the sponsor bonus is equivalent to 10% of the gross closed commission of the recruit's transaction, but it is paid by EXIT's Head Office, not by the brokerage and not by the agent.

Q - Let me make sure I understand - does the person who sponsored me into EXIT get some of my commission?
A - NO. When you join EXIT, you let us know who is responsible for introducing you to the company. From that point forward, our centralized computer system, MEMO, keeps track of the transactions you close and then EXIT International pays residual income in the form of a bonus equivalent to 10% of your gross closed commission to your sponsor. You are paid your commission as usual by your office; EXIT's Head Office looks after the payment of all sponsor bonuses.

I'd be happy to clarify any other questions. Keep up the lively debate!

Susan

Susan,

i have a friend who manages an Exit brokerage. personally, i have nothing for or against Exit. the only thing that i dont understand is why i would want to be on an 70/30 split. if i were to go to exit, i would go in on my own and want to be at an 80/20 split and not have a sponsor.

if i walk in the door and ask to sign up, who would be my sponsor? i dont really care about growing anyones business except for my own as we are independent contractors. i would not want to recruit people either as i can make more money selling re than i could from recruiting a non producer. most producers that i know, who i would make money off would nto leave their brokerage because they have thier own successfull gameplan already in place. that leaves new agents and non producers to recruit. sure from time to time there will be large agents who make the move. a guy i know in my area worked out of a large national brand and his office shut down. when his office shut down he moved to Exit. if his office did not shut down, i would bet that he would not have made the move. a guy who carries 40 listings does not go to an office because someone asked him to go so that he can make more than 100%.

like i said, i am not for or against Exit. i dont think that exit is your way in or out of the business. i think that each agent is responsible for their own success or failure. we are independent contractors and it is our business to close deals.

if exit did not pay out the 10% from thier pocket, they could put that into the agents pocket that closed the deal.

so in a sense, the recruit does pay their sponsor 10% indirectly. you can say htat it comes from the broker, but where did the broker get the 10%.

Susan,

I understand the concept better than most and sold franchises for them, worked with them as an agent and had a franchise. Here is one of the biggest problems with Exit, besides the name...you would be suprised how many people hate the name.

The biggest problem is this;
You have been talking to your friend, lets say Mary with XYZ Reatly about coming over to Exit so you can get the 10% residual. Mary finally says ok, I'll meet your broker. You talk to your broker and say Mary wants to talk to you about coming over. Your broker says what is Marys last name you say Mary Jones...Your broker says I have been talking to Mary or been mailing her or whatever for months, if she comes we will split the 5% residual. That happens all the time and I found that agents are fighting with their brokers for the 10% residuals.

i know plenty of Exit agents that split and each take 5% of a certain agent that they both sponsor.

could an agent come in and say....hey mr. broker, i would like to sponsor myself and make 70/30 then get a 10% residual from my sponsor (myself) to make my actual cut of the pie 80%?

really, what if an agent walks in off of the street with no sponsor.

An agent cannot sponsor themself. If an agent walked in with no sponsor the broker gets the sponsorship.

The critical issue is not who gets this or that override.

The key question is what the company does to help its agents get business.

I would suggest a variation on an old adage: "10% of nothing is nothing."

I notice even Zorich agrees that the name is a prolem.

Aye it is. I had several people tell me that they would of bought a franchise but could not get past the name.

I don't understand why everyone thinks the name is bad. It's brilliant. Everyone knows it and everywhere you go there is an "Exit" sign. People remember it. Don't you want to be remembered?

You may be right I have never seen an "EXIT" listing in my area.

name is kind of irrelevant....it comes down to the split and what the agent does to bring in business...


if i go to --name.your.favorite.brokerage--- and do nothing i will fail.....

if i go to ---name.the.worst.brokeage.you.can.think.of--- and i bust my rear there is no way that i can fail.....



saying "Don't you want to be remembered?" has nothing to do with me if it is the brokerage name that the person remembers, because when they call the office my paycheck depends on them remembering not the brokers name----but my name....

i do want to be remembered...