Hello everyone,I am with a company now i am a new agent and my split is 50/50,the company has great free training but provides no leads.My question is would it be better to go to a 100 percent company like solid source realty where you pay 45.00 dollars a month and 300.00 per transaction with a cap of 15,000 dollars a year.I am in fast track where the first 8 deals are first 2 50/50,second 4 60/40,last 2 70/30.What really rubs me the wrong way is i just heard from some other new agents that have no experience that the non-negotiable rate they gave me when i signed up is negotiable because the newbies got 70/30 and i have lost all respect for this company.Since i am creating my own leads anyway i think i would do better with a 100 percent company anyway but i am not sure as i am still relatively new.what i don't like about the company i am with now is on thier sign riders for your listing they have thier website plastered on all of the materials and your leads go to thier website where there are 2,000 other agents,they also have one phone number that you have to advertise with that goes through thier call center,i thought it was great at first but now understand they have too much control over my business,after all why in the world would i spend advertising promoting my brokers site when i may or may not get the lead.

I think everywhere you must create your own leads. This is your business where hard work pays off..I have never heard of a real estate co. around here giving leads...you work for everything you get in RE...nothing is handed over to you..
Not sure if I would like the whole sign idea either, my sign riders have only my name and #. But I guess since you listed it...you will still get your commission so it doesn't matter who's name or website is on it...
Not sure about the 100% commission..I don't prefer working like that but you may so I guess whatever fits you best...good luck!
Angie

Just personally, I believe that no one should rely on a brokerage to bring them leads. You should create your own. If you are creating your own consistantly, then a 100% brokerage might be a better deal for you.

You have to see if they allow the freedom you are looking for though. Are they allowing you to put your own phone number on your signs, your own URL, things like that.

I am with a company that is 70/30 to start for the first 15 transactions, then 80/20 for the next 15, then 90/10 forever after that. Free training and zero fees (free sign usage, free name riders, 1000 business cards to start out- for me being new- it is GREAT!)

Just research the firms in your area. The biggest is not always the best! If you need to rely on a steady stream of leads provided by your brokerage- then look for a company that gives you that. If you can do it all yourself, go for a company (big or small) with low fees and high commission splits.

Good Luck!

-Evan

Well what if you can make over 100 percent ? What could you do with that?

Just an observation...but it seems that all of Exit Real Estate's franchise websites offer more information on the 'program' than information that would help for potential buyers and sellers...

Maybe it is just the handful that I just looked at, but is this the case with most of their websites? Also, what is their corporate URL?

My company is independent and houses 55 agents. I have built my business from the floorcalls and now market through shows and through the internet and my website. I have two choices on my commissions: Pay the office $855/month and pay 5% of my commission to my broker. Or, pay no deskrent and pay 30% of my commission to my office, 5% in management fees that drops 1% for every 20 escrows closed, and a $300 transaction fee. Once I have paid in $9,500 of my 30% commission I go to 100% and pay the 5% and transaction fees for the remainder of the year. At the start of the year I am on the 30% plan again!

Then you'd have two jobs: real estate and recruiting.

I am also working on a second job but it involves building a team of agents and that will pay a heckuva lot more than a measley couple percent of MLM kickback money.

If I wanted to be a recruiter I'd be a headhunter.

Mr Flynn,It is easy enough to discount something you have not yet investigated.
You mention MLM kick back this tells me that you lack the qualification to make the statement made.
Your suggestion that I might be better of working for mcdonalds was mean spirited and doesnt justify a response. As far as the compny the number of new offices has doubled in the past year
They have a formula that is not based on hype but on actual results and as with anything you get out of it what you put into it.The only diference here is they provide you with the tools to succed further than any other marketing plan anywhere.

The actual company website is geared towards marketing to open franchises more than selling realestate becausehey are in fact a marketing company.This is the reason they can pay a residual bonus legally. tbut we do sell realestate the whople system wouldnt work if we didnt http://www.exitrealtynow.com This is my offices website soon to be revamped.

I know all about the MLM-ish nature of your company as my company is the same (Keller Williams). However, you won't find me spamming the boards here trying to recruit agents for my downline like you do. Let's not be afraid to call a spade a spade - yoru company and mine uses a classic MLM scheme where you bring on people under you and you get a piece of their production as calculated by a basic formula.

I got into real estate to do real estate, not recruit. And like the rest of us here, I signed up on this board to read about real estate, not to read spam.

Exit is opening a lot of offices? Big deal. That means nothing, other than they are good at recruiting brokers and agents. Market share and profitability are the true measures of sucecss, not the number of offices or agents. Surely you can understand that.

Well...as long as Tom really believes in his company and they're good, I don't see anything wrong with him recruiting/informing people. If it's just for money and the company is horrible, then that would create a bad reputation for you and the company.

Either way, I'm wondering if recruiting can fall "unsolicited advertising" after a while. Better be careful...

There's an entire Forum for people trying to sell their services. That recruiting is just that. Shameless self promotion that doesn't have anything to do with an "Agent / Brokers" forum.

If you'd like to recruit, I'd like to see it kept to a URL in your signature.

On the part of successful, I have questions about that when a franchised chain needs to use Advanced Access for their website, has music on the home page, after you get by the javascript error. "To be revamped" or not, you have but one chance at a first impression. Never put "under construction" up to represent your business.

I know all about the MLM-ish nature of your company as my company is the same (Keller Williams). My Reply is basically what makes you an expert on the so called MLM practices of my company have you gone to a presentation? And if you did were you awake? If you were you would realize it is not and I repeat NOT MLM practice.Single level equivlent to a office manager getting and overide. Now if Keller williams is practicing multi level marketing You would be the one to know that.I am not qualified to say I know it all as I have not checked out Keller Williams.So why dont you inform us all about it and I wont accuse you of spam Becuase you beleive in and promote your companys attributes.
I thought this Board was about learning and promoting education about our respected industry?
Question to you my Flynn. Is learning about what the other companies offer us not beneficial to education about our carreer paths. I would love to hear about keller Williams and what they do? I hope all companies go to this type of marketing for the sake of the families of realators like most of us are .Please tell us about Keller Williams.I really would love to hear about it and if you could recruit someone of some folks into the system becuase your company has a better plan or system you may benefit your fellow agents by sharing it.And Not knowing you company I would like to compare notes with you and we can figure aout what the best deal is and why you think it is.This is an open forum and its purpose is to discuss the business and if I want to invite you or anyone else to learn about it it is not spam.If I ask for money or email you unsolicited with a mass mailing then it is spam.Spam is somthing
at infringes on the time of others.

It is not spam to merely have a conversation about the other policies of companies and if in the conversation one invites another or even anyone who is reading to learn more it is also not spam. The thread was not initiated by me.

(Exit is opening a lot of offices? Big deal. That means nothing, other than they are good at recruiting brokers and agents. Market share and profitability are the true measures of sucecss, not the number of offices or agents. Surely you can understand that.)
To one point I would tend to agree the market share in a individual area could be a good indication keeping in mind that all franchises are individually owned and operated and if the broker does not stick to the marketing plan of the franchise that is tested and true ,(proven) The franchise wont benefit period weather they are century21,coldwell,keller exit or others,We have exit offices that dominate the market shares in certain areas because they stick to the program and in other areas you may not see the same sucess,But this is with all the franchises with the exception of Remax.My suspicion is that remax attracts lots of experianced agents and can be discounted from the whole equasion for that reason.A new person could not survive in a remax agency because they are geared toward seasoned agents that do not need the training.simply due to the very high deskfees a new agent just couldnt get through the breaking in period.
I dont know much about KW please share it withus all and we can compare notes and decide which is the best without predudice. I believe in my system as it is the best for me and others that I work with.