Alpharetta, GA · Member since 2016 · 4 posts · 0 votes
I recently got my license for the GA real estate salesperson and i am looking for a Brokerage Company to start my career in real estate as an agent. Training on job will be the most critical thing i am looking for and any advise that will help establish my career will be great.
Investor · Baton Rouge, LA · Member since 2016 · 48 posts · 28 votes
10y
What @Michael Webster and @David Hunter said. A lot of new agents get hung up on the commission splits, but the real value in starting out is a broker who is willing to train you with actual, real-world experience. Nothing against the big national firms, but this often ends up being a smaller local firm.
My current broker doesn't have the best commission split starting out, but it increases to progressively higher levels based on the number of transactions you close (lifetime, not annual). They invest a lot of money upfront in educating new agents and sending them company leads, but instead of charging a monthly fee, and sending them to expensive workshops and conventions (potentially driving new agents out of the business within their first year), the commission split is designed to let them recoup their investment without charging the agents upfront.
While most of the bigger firms will take any agent with a license, the firms similar to the one described above will be a bit more selective of who they take on. In my opinion, those of the firms that offer the most value to new agents.
Real Estate Agent/Civil Engineer · North Dighton, MA · Member since 2015 · 6 posts · 3 votes
10y
Keller Williams is a great place to start they offer endless training, coaching, and give you plenty of resources once you get started which all give you a huge advantage over other agents. Their motto is that they are an "Education Company not a Real Estate Company" they basically give you all of the tools you need to become a successful agent. If you get a chance check out the book The Millionaire Real Estate Agent by Gary Keller. It's a pretty good synopsis of what the company is all about, and even if you don't choose to work with them its an excellent outline of how to be a successful agent.
Real Estate Agent · Portland, ME · Member since 2016 · 79 posts · 21 votes
10y
I'm going to go against the grain here and suggest a firm that you know your DB (Designated Broker) at. The bigger firms do have a lot of "free" training but they also have a lot more ways to take money from their agents (cost benefit side is your call). I would go around town and interview with a bunch of firms, and I would also reach out on Facebook and ask friends who are some agents they have loved working with. Then...go out with those agents and ask them what the pros/cons are of their agency. None of us can tell you what the best firm is because it completely depends on your market. It's like any other job, check out some places and find where you would be the best fit, and don't look exclusively at what the highest split is. Best of luck!
Investor · Baton Rouge, LA · Member since 2016 · 48 posts · 28 votes
10y
What @Michael Webster and @David Hunter said. A lot of new agents get hung up on the commission splits, but the real value in starting out is a broker who is willing to train you with actual, real-world experience. Nothing against the big national firms, but this often ends up being a smaller local firm.
My current broker doesn't have the best commission split starting out, but it increases to progressively higher levels based on the number of transactions you close (lifetime, not annual). They invest a lot of money upfront in educating new agents and sending them company leads, but instead of charging a monthly fee, and sending them to expensive workshops and conventions (potentially driving new agents out of the business within their first year), the commission split is designed to let them recoup their investment without charging the agents upfront.
While most of the bigger firms will take any agent with a license, the firms similar to the one described above will be a bit more selective of who they take on. In my opinion, those of the firms that offer the most value to new agents.