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#132666 - 04/03/07 01:52 PM If your kids said I want to be a realtor ?
Ray1968 Offline
Member

Registered: 04/03/07
Posts: 12
And asked what company should I join, just curious which company you would advise them to join and why?

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#132667 - 04/03/07 02:02 PM Re: If your kids said I want to be a realtor ? [Re: Ray1968]
chrishummel Offline
Member

Registered: 04/02/07
Posts: 53
Loc: MI
I would recommend they interview with a handful or more of brokers in the local area. Also have your kid(s) talk with agents that work for those brokers. It really depends what they are looking for - training, compensation, etc.

Hummel Companies


Edited by chrishummel (04/03/07 02:03 PM)
_________________________
Chris Hummel

http://www.hummelcompanies.com

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#161832 - 08/09/07 05:32 PM Re: If your kids said I want to be a realtor ? [Re: chrishummel]
Sheldon Johnston Offline
Member

Registered: 10/11/05
Posts: 428
Loc: Edmonton, Alberta, Canada
I advise them to start a marketing company so they don't have any regulatory obligations or marketing restrictions. Keep it simple make money let the REaltors do it professionally with their high obligations.
_________________________
Sheldon Johnston
Coldwell Banker Johnston

www.edmonton-homes.ca

Blog http://www.edmontonrealestateblog.com/

Edmonton, Alberta

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#163135 - 08/14/07 07:23 PM Re: If your kids said I want to be a realtor ? [Re: Sheldon Johnston]
CProperty Offline
Member

Registered: 08/14/07
Posts: 13
Loc: Canada
I would suggest, as the first reply, that they interview around.

Every office in every city is different. Much like any other job, one should explore a variety of different options, if only to get a different perspective as to how the industry and different companies within that industry work.

When just staring, interviewing around can definitely help new agents discover what they may want from their employers, and what is more important to them.
_________________________
http://www.canadianaproperty.ca - List your property for free - Contact me about free featured listings

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#168870 - 09/11/07 10:58 AM Re: If your kids said I want to be a realtor ? [Re: CProperty]
Zmehappy Offline
Member

Registered: 09/10/07
Posts: 142
Loc: Worldwide
Interviewing the potential Brokers on such items as training, commission splits, costs (expenses), market share, advertising they provide the agents, brokers physiologic outlook, time in business, sales stats for the office, current listings and marketing of the company and agents are some good questions to add to the interview.
_________________________
Duane, Broker & Builder http://www.rateahome.com Providing the tools for agents to help the buyer choose the right home that meets their needs!

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#191583 - 01/08/08 12:06 AM Re: If your kids said I want to be a realtor ? [Re: Zmehappy]
SaltspringRE Offline
Member

Registered: 01/07/08
Posts: 188
Loc: Gulf Islands BC
I like Sheldon answer. I have not been on this forum for a year and it is nice to see some things never change. I can not remember the name of the co in Edmonton you where writing about was it com free or something like that. They must still be in the gun sights.

Actually I don't think RE will be the same by the time I grow up let alone my kids so I don't I would want them to be agents.

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#261192 - 11/23/08 05:17 PM Re: If your kids said I want to be a realtor ? [Re: SaltspringRE]
Agent_Mark Offline
Member

Registered: 11/21/08
Posts: 27
Loc: Montreal Canada
Marketing Company > Realtor ?

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#265336 - 12/18/08 05:00 PM Re: If your kids said I want to be a realtor ? [Re: Agent_Mark]
RC21 Offline
Member

Registered: 12/16/08
Posts: 84
Loc: Kitchener, Waterloo, and Cambr...
There are many brokerages that offer pretty good support systems and training to new agents, and even training for pre-licensed individuals. My company does, and I have heard of a few others as well.
Realtors usually pay desk fees or do a commission split with the brokerages so it is advisable to check out several different ones to find out what packages they are willing to provide and go with the one that has the best package. There are a lot of fees involved that add up, and you usually don't get paid until your deal closes (several months after the initial work). For this reason your kid should save up some money to support themselves while they launch their career.
Zmehappy suggested some good things to ask the brokerage. What are the overall costs, what training/support will you receive, what marketing capabilities does the company have, is it a widely recognized company, what hours are they open?
There is no set answer to your question, as this can be very dependent on the individual operations of your branch manager and administrative staff. Something I looked for was that when I called the company- the phone was answered quickly and politely. First impressions are very important and if your client's first impression of your office is rudeness or unavailability it is not a good thing.

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#324280 - 01/28/10 02:19 PM Re: If your kids said I want to be a realtor ? [Re: RC21]
Don Edmunds Offline
Junior Member

Registered: 01/28/10
Posts: 3
Loc: Oshawa,Ontario, Cananda
I would tell them to go work with their Mother in the Finance/Investing business first! LOL
They would have to toughen up and get some thick skin. It is a very rewarding career but can also be a pain!

[url=http://www.DurhamRegionHomesForSale.ca]Durham Region Homes For Sale[/url] :yay:


Edited by Don Edmunds (01/28/10 03:49 PM)

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#347451 - 08/11/10 02:56 PM Re: If your kids said I want to be a realtor ? [Re: Ray1968]
BoneFish Offline
Veteran Member

Registered: 11/09/08
Posts: 550
Loc: REO - Capital of the World
Originally Posted By: Ray1968
And asked what company should I join, just curious which company you would advise them to join and why?


I'd send them to a shrink

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#351175 - 09/12/10 08:51 PM Re: If your kids said I want to be a Realtor ? [Re: BoneFish]
VancouverRealtor Offline
Member

Registered: 09/09/10
Posts: 27
Loc: BC, Canada
Ditto!!!! lol

Real estate is not an easy business (at least where I practice) with almost 80% of the "Realtors" who get into the business leave within 2 years broke!

That being said if you are seriously asking how to approach choosing a company as a new Realtor I would advise the following
1)Find the top 4 Realtors in your area and interview THEM
2)Ask to work with them for a year and learn what Real Estate is actually all about (there is a lot of mis conception out there about this profession)
3)Once you have a better idea about what this job really is and most importantly if you still want to be a part of it or not then and only then can you accurately determine what kind of business YOU want to have and then you will be able to find the brokerage that best suits your style

I know this might sound outrageous but this is how it should be done....almost any other profession that earns half of what we earn has an apprenticeship or co-op program to first familiarize future practitioners with the business before they are expected to choose the specific field they want to get into.

I believe it is long overdue that we raised the bar of this profession...but maybe that's just my crazy talk kickig in :dancingguy:

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#362268 - 01/03/11 11:32 AM Re: If your kids said I want to be a Realtor ? [Re: VancouverRealtor]
Alishia Offline
Member

Registered: 01/03/11
Posts: 10
Loc: Canada
as far as i know people who works as realtors study something before they go as a realtors.

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