Agent2Agent in 91106>Question Details

Leo S,  in Pasadena, CA

Broker in San Gabriel Valley

Asked by Leo S, Pasadena, CA Thu Jan 8, 2009

Well, I did find a broker based in Irvine, CA (about 50 minutes drive from where I live) that will offer me what I see as a good commission split. $995 for properties over 200k and $495 for properties under 200k.

Since I'm a new RE salesperson, they will assign me a mentor and for my first two purchases I need to give 25% to my mentor.

E& O insurance is around $350 and MLS will be 600-700 per year.

Seems like a good place to get started.

Is anybody offering something similiar or better in the San Gabriel area by chance?

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Answers

3
Is that what they are charging you for a listing or paying. It depends, if you went to a larger office, you would surely get more than that. 25% of $495 and $995? Wow, you like to work for nothing?
0 votes Thank Flag Link Sat Jan 29, 2011
I don't know if you got my earlier message. I think it is unwise to be so far from your home, especially when you are starting out. Do you know the Irvine area well? A "good" split of nothing is not as good as a smaller split of a commission!

Joyce Kristenssson
626-303-6436
0 votes Thank Flag Link Tue Jan 4, 2011
IT IS NOT WISE TO START SO FAR FROM HOME! Attend the caravan meetings in Pasadena, contact PFAR (795-2455) for times, places. Meetexperienced Agents in Pasadena and ask them about their offices. There are many offices in Pasadena you would like. Century 21, Keller Williams, Dilbeck, all have good training, which is what you need at this point. What you have talked about is something like Keller Williams. You should not go so far from home. Sometimes, you'll need to meet a client immediately, sometimes at odd hours, sometimes an inspector of some type in 5 minutes. Nothing like sitting on I-5 for fun when you really want to be with your family or are in a hurry.. You would also belong to an MLS that is far from your center. PFAR MLS dues is less than $150 per quarter. Other dues, State, National are the same. You'd need to join the local Associan (Pasadena=PFAR) which have similar prices if not the same. I have 30 years of experience and would never belong to an Association/Office so far from home. I have occasionally sold for family/friends out of area and it is always twice as hard as local sale. You also are not always aware of the local laws, etc. The learning curve where you live is enough. Also, it is hard to break into a market where you don't know anyone.

Good, luck, let us know where you go!
0 votes Thank Flag Link Wed Dec 29, 2010
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