Better Homes n Gardens (masiello) VS. Keller Williams

Buying & Selling Real Estate
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Better Homes n Gardens (masiello) VS. Keller Williams

Devin Mann
Investor · Ascutney, VT · Member since 2015 · 291 posts · 20 votes

as a new agent which one do you think i should go for? i interviewed them both three times and i am really torn between the two...

KELLER WILLIAMS - everyone says KW has a lot of expenses but whenever i ask they tell me there isnt much except for $80 monthly. higher commission, cap out at 25k and then i get 100% commiss. One thing i dont like about KW is how hard they are trying to recruit me. They tell me not to interview anywhere else because "they are the best and there is no point".  Everywhere else says, "check out who everyone and then come back to us". KW has that whole pyramid D.R.I.P thing  going on where they get some of my commission or however that works....    How hard is it to get going at KW as a brand new agent? to get my first listing and to continue getting listings to make money?

MASIELLO-  I dont really have much against them.  They pay for everything, but they take a lot of commission. all the referrals that they give you, you need to pay even more commission. 

KW looks better, but i just think they are hiding something and i am hoping someone can further explain anything i may be missing.

any advice helps

NH , New Hampshire , real estate agent , New england , realtor . 

Thanks.

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Deshan Kennedy
Real Estate Agent · Fredericksburg, VA · Member since 2014 · 42 posts · 17 votes
11y

@Devin Mann I'm also a KW agent and here is something that you have to ask yourself starting out.  Option 1: Start with a brokerage that may give you leads but take more of a % from you because they do provide you with the leads or; Option 2: Start with a brokerage who will give you the education and training to teach you how to do the work yourself.

Me personally, I decided with the brokerage who will teach me how to fish that way I wont need you to feed me and I can go out into the world fully equip to gather my own fish.  Now this situation is not suitable to everyone because some people need the income right away at a lower commission but at least they have $ coming in.  If you don't know how to close with the client on your listing/buyers presentations so you can convert these leads.  In this field, training and education is very important but so is keeping your lights on and food on your table.  You have to decide which one is more important to you in your early career.  Learn how to make as much as money as you can with a proven model or go with a brokerage will constant feed you leads that you have to convert.  

The fees you pay for each month covers majority of the things that you will need to operate your business as well as insurance. Your E&O is quarterly and other fees are monthly which include the operating system that you will use to run your business which is provided to you by KW. Ask a KW agent to show you their Edge system and you will see why paying the fees are worth it. Others pay for similar databases but KW provide you with the database already. Only downside is this is if you decide to leave KW then you no longer have access to KW so I maintain another database of this information just in case their system goes down or when I start my own brokerage. But this system is only $99 per year and offers similar service.

As far as the pyramid goes, its called profit sharing as an entrepreneur, your goal should be growing your team so you start out as one agent but recruit more under you to develop into a great team of agents!  To close out, KW will teach you how to fish but they won't feed you but some agents rather trade learning the trade and going out into the world to fish on their own rather than sitting at a table and waiting to be fed.  

All of this is just my opinion...  If you have any other questions, feel free to ask me or any other KW agents.

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  • Matt Lefebvre
    Real Estate Broker · Manchester, NH · Member since 2014 · 630 posts · 420 votes
    11y

    Hey @Devin Mann!  I'm a KW agent myself, but regardless, you need to ask yourself what is the most important thing you're looking for in a brokerage?  

    In regards to about how difficult it is to get going as a KW agent, I'll be honest... its not the easiest thing in the world.  At least in our market center, they do not supply agents with leads.  They give you the opportunity to sit on "uptime" and take any incoming phone calls as your own lead, but they never just give them out.  But you have to go out there and do the work yourself.  They supply you with all of the education you could possibly imagine, and every agent that I meet is always willing to help out.  

    Would you be interested in having a brief chat over the phone where you can ask me any questions about it?

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  • Susan Clough
    Real Estate Agent · Scarborough, ME · Member since 2014 · 7 posts · 4 votes
    11y

    Hi @Devin Mann,

    I just got my license within the last year. I chose KW and am very happy that I did so. Being a newbie, I wanted lots of options for education and people to help me understand all of the paperwork and processes. KW is definitely perfect for this. I am a part-time agent with a lot of lead-generation through my other business, so that made it easy for me to get up and running. I was worried that other offices would give me more commission, but leave me hanging when I had questions. I hope this helps. Feel free to contact me with any questions.

    1Reply
  • Deshan Kennedy
    Real Estate Agent · Fredericksburg, VA · Member since 2014 · 42 posts · 17 votes
    11y

    @Devin Mann I'm also a KW agent and here is something that you have to ask yourself starting out.  Option 1: Start with a brokerage that may give you leads but take more of a % from you because they do provide you with the leads or; Option 2: Start with a brokerage who will give you the education and training to teach you how to do the work yourself.

    Me personally, I decided with the brokerage who will teach me how to fish that way I wont need you to feed me and I can go out into the world fully equip to gather my own fish.  Now this situation is not suitable to everyone because some people need the income right away at a lower commission but at least they have $ coming in.  If you don't know how to close with the client on your listing/buyers presentations so you can convert these leads.  In this field, training and education is very important but so is keeping your lights on and food on your table.  You have to decide which one is more important to you in your early career.  Learn how to make as much as money as you can with a proven model or go with a brokerage will constant feed you leads that you have to convert.  

    The fees you pay for each month covers majority of the things that you will need to operate your business as well as insurance. Your E&O is quarterly and other fees are monthly which include the operating system that you will use to run your business which is provided to you by KW. Ask a KW agent to show you their Edge system and you will see why paying the fees are worth it. Others pay for similar databases but KW provide you with the database already. Only downside is this is if you decide to leave KW then you no longer have access to KW so I maintain another database of this information just in case their system goes down or when I start my own brokerage. But this system is only $99 per year and offers similar service.

    As far as the pyramid goes, its called profit sharing as an entrepreneur, your goal should be growing your team so you start out as one agent but recruit more under you to develop into a great team of agents!  To close out, KW will teach you how to fish but they won't feed you but some agents rather trade learning the trade and going out into the world to fish on their own rather than sitting at a table and waiting to be fed.  

    All of this is just my opinion...  If you have any other questions, feel free to ask me or any other KW agents.

    2Reply
  • Jim Wilson
    Syracuse, NY · Member since 2013 · 39 posts · 16 votes
    11y

    @Devin Mann I'm with Keller Williams in Syracuse, NY. This October will be my second year selling real estate. Funny that they told you not to interview anywhere else. My team leader told me the opposite. He said interview other brokerages and you will come back to us. Which I did. The training like every else says is incredible. But outside the training KW seems to attract certain agents that don't mind telling you their tricks to getting new business. Always willing to help a new agent with questions, go on a listing presentation with them to see how they do it or having them come along on one of your presentations to critique you. In other words KW is winning in the Culture department. 

    As for training, ask them when they will be running the Ignite class. That is KW's beginner course in real estate designed to put the newbie on course to do 16 transactions in their first year. As a new agent most offices also have mentoring every week with another agent that is one of the top producers. Getting started in real estate is an uphill battle no matter where you go. No one ever wants to work with the guy that is handling their first deal.

    Don't worry about the profit share right now. It is an awesome opportunity to take advantage of but right now your top priority is training which I assure you KW is not slacking on. I also assure you that KW is not hiding anything. Their company is open book. Everything from the finances to how the office is run goes through the ALC.

    Good luck. 

    1Reply
  • Devin Mann
    OP
    Investor · Ascutney, VT · Member since 2015 · 291 posts · 20 votes
    11y

    has anyone worked for Maziello group/ BHG/better homes and gardens?

    0Reply
  • Devin Mann
    OP
    Investor · Ascutney, VT · Member since 2015 · 291 posts · 20 votes
    11y

    no masiello?

    0Reply
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