Berkshire Hathaway Home Services

11 Replies

I am a newly licensed realtor, and I am intrigued by Berkshire Hathaway Home Services. Do they provide good training for agents? Are any leads provided? What are the fees to work for them? 

I'm basically just wondering if this is a good agency to work for.

Thanks!

Johanna

Silver Spring, Maryland

I enjoy being on the opposite end of negotiations from their agents. If you want the pluses and minuses to the big name brokerages, feel free to shoot me an email

Hi!

Jerome here, a Realtor with Champion Realty, Inc. "a Berkshire Hathaway affiliate" in Pasadena, MD.

The only way to know for sure is for you to sit down with that broker, go through the interview/pitch/show&tell thing they got for you, then ask those questions.

With that said, because my broker ,Champion Realty, is an affiliate of the Brokerage you're interested in "Berkshire Hathaway", my assumption is that they would operate somewhat similarly, so I think my opinion might be valid. Still, Go interview that Broker.

Now, If you are looking to be a great traditional agent, then Yes I'd recommend Berkshire Hathaway. As my Broker is an affiliate partner of Berkshire Hathaway, I think I can say that the level of training offered and personal attention is great. Fees are different and They may offer even better perks than Free Continuing Ed and Offer Certain Designations free which is what I get with Champion Realty. 

Now, I read your profile, and if you're thinking of wholesaling within that Brokerage, Don't. 
Just save yourself the trouble and walk away. As I had the same intentions to wholesale.

I had a meeting with the President of my brokerage ,Champion Realty, Jon Coile, and They concluded that because of the potential liability of being sued by Sellers not understanding the transaction no matter the disclosures later after the closing, the lack of coverage from their E&O insurance on these transaction, and the lack of money staying within the company as those transactions count as personal transaction, they do no support or allow their agents to perform any assignment type investments.

That may hold true at Berkshire Hathaway, but the only way to know is to interview that Broker and I would add try to get that interview with the President of that Brokerage.

If you want to wholesale and still be an agent, I heard that Douglass Realty in Baltimore, MD is a good place to check out. Don't know much more than that, but it's a good start in my opinion

Thanks, Jerome. I have been getting the impression that investing and being a traditional real estate agent mix like oil and water! Your post confirmed my suspicions. For me, training is important now.

@Johanna Anderson I'm an agent with BHHS in Delaware there's no shortage of training between classroom, continued education which is free, webinars, On demand training is all around. It's no problem but like someone else mentioned you want to meet with the broker and maybe ask to speak with some of the agents currently working in the office. What part of Maryland are you in? I know some of the offices in the state.

I also have been speaking to real estate companies and they do not like the term "investor"  I have been told by my mentor( a long and foster  broker) to keep that to myself but still invest. You'll gain the 3% commission when you buy and if you can find private money you can skip wholesaling and hold the property maybe even flip. 

No idea, but I've been seeing BHHS signs popping up around Cleveland.  So, they must be doing something right!  And, I've seen some well known agents going to them.

Originally posted by @David Hunter :

No idea, but I've been seeing BHHS signs popping up around Cleveland.  So, they must be doing something right!  And, I've seen some well known agents going to them.

 BHHS is what used to be Prudential Realty nationwide. Prudential was a pretty big player in the CLE market, so now BHHS has absorbed all those brokers and agents. 

Originally posted by @Matt Motil :
Originally posted by @David Hunter:

No idea, but I've been seeing BHHS signs popping up around Cleveland.  So, they must be doing something right!  And, I've seen some well known agents going to them.

 BHHS is what used to be Prudential Realty nationwide. Prudential was a pretty big player in the CLE market, so now BHHS has absorbed all those brokers and agents. 

Look at that, I learn something new everyday!  hahaha  Never even heard that on the news or anything.  I mostly sold on the east side and didn't see much of Prudential or Coldwell Banker, etc.

Originally posted by @Matt Motil :
Originally posted by @David Hunter:

No idea, but I've been seeing BHHS signs popping up around Cleveland.  So, they must be doing something right!  And, I've seen some well known agents going to them.

 BHHS is what used to be Prudential Realty nationwide. Prudential was a pretty big player in the CLE market, so now BHHS has absorbed all those brokers and agents. 

I remember when Buffet announced his desire to get into the RE brokerage business. Then is seemed like BHHS popped up everywhere overnight. Buying Prudential and changing the name explains it all. 

Thanks for all of the helpful comments. I'm sorry that I didn't get a chance to answer each one individually. After visiting the Bethesda Berkshire Hathaway office today and meeting with the Associate Broker, I was hooked. I love their style. The business model is viable, and joining Berkshire Hathaway just feels "right" to me. I am very relieved to have made this decision. 

Good night and sweet dreams.