I just passed my licensing exam last weekend and I’m trying to decided on which company to work under. I’m having a hard time deciding between a larger company (Real Estate One) or a smaller company (Weichert Realty). Weichert offered the better commission and cap. The broker offered to personally train me. It’s a smaller office so I’ll work directly with him as I learn. Real Estate One is a bigger company in the Metro Detroit area so I’m thinking that they have more name recognition when it comes to securing listings and buyers. Any thoughts or opinions would be greatly appreciated? Happy New Years!
You need a brokerage that is going to train you. Keller-Williams is probably the best at that. Too many agents join large companies because they feel the name recognition will bring them work. It may, but it still requires effort on your part and you'll be competing against all the big dogs in the office.
Other people want to join a brokerage because it has a low commission split. That will allow you to keep more of your money...if you make any sales. It still requires effort.
There's no right answer because everyone is different. I personally think you're best bet is to either hitch yourself to a successful team where you can learn the ropes while working with others, or you join a brokerage that has a good training plan so you can figure out what it takes to be successful. Once you're established, then you can think about breaking out or joining someone with a lower commission split.
@Chris England I used to be with Weichert... PM if you want to have a conversation about the experience. Happy to help.
I am in total agreement with everything @Nathan G. said, one of the reasons I personally joined Keller Williams was for the training and now for the profit share. I absolutely love the culture, everyone is helpful and the training is great!
Sent you a message @Chris England
@Chris England - Interview for training, not for commission. You can't command a high commission if you aren't competent. You can't be competent without experience and training
You have some great responses. I've worked for Keller Williams, Berkshire Hathaway, Sotheby's, and eXp. It doesn't matter which one I like better because it's about what you want out of your license. If you want to be an agent and you can go in full-time, I agree with a lot of people that Keller Williams might suit you well. The splits don't matter that much when you are new because you can't earn anything to split if you don't know what you are doing. After you get trained, you may seek different splits or models, but all of your questions should be about training. Personally, I think Weichert is VERY old school and technologically advanced for the modern agent.
I would start off with a larger brokerage, specifically for the training. It gives you access to more people to see how they do it. One on one training is nice, but when you're first starting out, you should try to talk to and shadow more than one person so you can see how each person does things. Also, the larger brokerage likely has more marketing resources to offer also. Once you are comfortable, you can switch to a smaller brokerage and get your money!
Hi, Chris! It really does not matter whether you are with the largest broker in the world or whether you are with a smaller one. Size and reputation do not matter! All that matters in building your business are how you connect and follow up with your clients. It is great that the broker offered to personally train you. However, the truth is that most brokers will not personally spend the time to train an agent. It all depends on the number of agents that they have. Even if they do, it may happen that they are not the best mentor. I had a broker a few years back that was really good with the legal part of the business, making sure that we were in compliance. However, when it came to building a business, he was just a hired gun, which did not make for the greatest mentor. That wasn't really his place. So I would look first for the better commission and cap offer. When it comes to finding a good mentor, you should look for someone that you are sure is going to give you some strong benefits from the training. Good luck!