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.

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.
Brett what website are you refering to? I dont have speakers on my computer.
If your refering to the website for my office I havent heard it for that reason. It is an individuals web dsign issue I guess,I do know it is being revamped. and it would only be the one office. The flashing stuff with the midis is always not good for websites. My own individual unrealestate related website www.wesellsilver.com was designed by me and is set up to loa very fast.

(Mycompany 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! ) Even if you do not recruit and take advantage of the residual opportunity after 100 k in sales that year you are automatically on 90 percent commision for that year. NO Desk fees ever.the sponsering residuals are just icing on the cake and steady income for the slow times and retirement income when you leave the industry.Or something that can be passed on to your beneficiary. But most of all I like the personal attention you get from the broker in my office and the fact that when someone sponsers you in the have a vested interest in your carreer sucess,So you end up with someone you can always call on the phone or talk to about any issues that come up. So it also affords a great support struture.Not to mention incredible training.Its just hard not to be excited about the opportunity and keep it a secret after all most of us are not secret agents right?

It sounds like a 100% prgram will work best for you as long as you can culivate enough busniess on your own. If not, you may want to consider joining a team as a buyer's agent, where you are still on a split, but leads are typically provided.

I work for a 100% company and love it. It allows me freedom. I spent 19 year with Century 21 so I understand the fanchise company.
You sound like a very self motivated person. Once you have this attitude and mind set you will not be able to work for a traditional company again.
I can do my own advertizing for far less that a traditional company's take of an agents normal commission.
I also, like having my own office and equipment that I can rely on that is always up and running.
In fact with the money I save from atraditional Broker I have an assistant so I'm able to do more.
Good luck to you in you new endever.

jflynn
(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.)

Like EXiT Tom said we are not mlm. My measley couple percent will total OVER $25,000 this year(my 2nd)with hmmm 5 hours or so a week work.

The last kw agent I showed a $1,600 check to wasnt to impressed. When I asked him what his checks were like he said "Thats not important" translation---- like you he doesnt get residual checks either. Strange how you both seem to think alike.

I think what Jflynn is getting at is that the time spent on recruiting would most likely be time better spent on selling real estate.

5 hours a week will make you $25,000. That is great! But dont you think that if you spent 260 hours a year on prospecting and working with clients your business would grow faster?

Hey, if this is how you plan on building your business, great! What is the saying? Would you rather have 1% from 100 people's efforts or 100% of your own? Sounds good on paper- but what the fact is that 80% of agents fail in their first few years. That means recruiters will be forced to work harder and harder keeping them in the business for their residual income to be worth their while.

In a business that has such high turn over, you would think companies would want to put that money in the hands of the agent that earned it, not the one who recruited them.

Just my 2 cents.

Evan,
Your right we do put the money in the agents hand 70% to start and I see your point about the 260 hours but as you know after a couple of years most agents I know need little help in the job and the residuals keep coming in. Thanks for your imput.

And he is failing to realize that it is 85 percent over the industry as a whole and thae figure doesent necessarily hold true for the franchises with a solis support system and excellent training along with a good commission struture That allows agents to make a living so they can constantly improve thier skills.I would be guessing but I think that in certain brokerages that just dont say heres a pen,phone and desk go make sales that The turnover rate may not be quite as high .Perhaps 50-65 percent If there was a way to gauge that I would bet you would see a big difference in the exit system compared to the average industry standard.Mater of fact I cant think of anyone I know that left exit in the past three months so I just do not see it myself.I think I will email corperate and see if they have any data.Propbably not becuase they dont focus on the negative however it would be a nice useful info tool for recruitment along with a comparitive per agent income average.

Wow this topic got off course. However the key to the 100% commission not how much you make on each transaction but at the end of the year with whom are you going to be happier and make the most income. And that is a question that each agent has to ask themselves. For what works for one may not work for others. And it’s really as simple as that.

Exit Tom any time you would like to compare notes about KW and exit feel free to PM me with your phone number. I have looked at both and KW wins IMO.

You have to generate your own leads in this industry. 100% or 100%+ is the way to go and KW and Exit are both ways a newer agent can do it. I would go with a company that has a good reputation in your marketplace, many of the "pay us $XX per month and $300 per trasaction" type companies have a lot of heavy discounters working for them. This causes many agents to think very poorly of your company and you.

Hey Ken,Great but why dont we do it in an open forum so everyone that is interested can benefit from our knowledge.I am not talking about the presidential debates just facts.A disection of each feature that the agency has that is better for the new or experianced agent.And actually any other companys that are out there including independant.I think it is important for agents new and old to know what is out there and the companies should be competitive in benefits as that improves standards for all of us.And this is what it is all about after all. Right?

Hey Alan I am glad prudential is working for you the bottom line is if you are a good saleperson and consistant you will make a ton of money in this biz.If not you will fail.your Company has name recognition because of the time it has been around.However it has its drawbacks.Would you agree if you had a larger variety to offer a customer you would sell more product? Take a fruit store for instance that only has bannanas.
The store across the street has apples and oranges and bannanas.Which store will sell the most product and make the most money? The store selling the thrre different types of fruit of course. Right? You see its comparing apples to oranges.The more product or ways that you have for an agent to make money (Mortgages,residuals, generous commission,excellent training and support,retirement plan, death benefit plan,)All these things are tools in the agents arsenal to make them more sucessful.So the Idea here is to educate the readers and allow them to make an educated desision on all the companies.Even if you in a comfort zone where you are now ,wouldnt you want to know what else is out there in the event you wanted to exit that company and enter EXIT,little joke HA HA.There is one minor problem I have with exit its the name.However its entertaining to watch a person walk up to the glass door that says exit the start looking around in confusion for the entrance.

I forgot to add no desk fees with Exit.No desk fees

Hey Tom
Just for your info. I joined Prudential About a month ago. It had nothing to do with the Name and or commission. I agree witht the main theme here and that is every agent must generate their own bussines. The companay really does not drive the bussiness. I have sold over 1500 units now and stay over 100 a year. I joined strickly for the broker and location. My broker now was my old broker about 8 yeasr ago. And she offered me a prety good split to join. Plus its right by Countryside Mall. The office is brand new. We just had our grand opening event. And I live just 4 blocks from it. And the last line I live 4 blocks from the office was the main clause. So commission and the name was never really a thought. Sorry

Thats great AlanI am glad your happy with only over 1 hundred per year. And its also great that your working with folks that you enjoy working with And if the location suits you thats a good thing also. I wonder and I am sure you are also now that I mention it.With all that work and skill and effort you are puting into the work your doing now. What if you learned that you could earn over one hundred percent and have continuing income coming in long after you leave the biz.And at the same time double or even triple your earnings.while putting the same effort you are using now. Letme ask you honestly do you think you can do something with that?Would it be worth an hour of your time and an open mind to explore Alan? That theme is the same anywhere every agent must generate his own business and at exit you are generating your own business however much of that business regenerates instead of ending after the sale(not refering to referals for a job well done)There is some regeneration in all agencys but this is not unique.I equate the exit system to working smarter while working just as hard there is no free ride,and no get rich quick schemes just an more efficient way to offer more and earn more with the same amount of effort.

but there are better tools to work with.Is this a fair statment Allen?