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Alex, Real Estate Pro in 10005

I feel lucky however yet now stuck in decision dilemma and need your very personal opinion!

Asked by Alex, 10005 Fri Jul 20, 2012

I am brand new to RE and have now the option to hang my license in NYC with Corcoran, Elliman, Bond or Keller Williams. I find that all these are great companies and great people for me. But now I have the need to decide for one to start. Any bias & personal opinion for a fresh agent from you future colleagues will be highly appreciated.
Thanks

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Answers

8
Forget the company - it really won't matter. What you need as a new agent (in my never humble opinion) is a mentor. As I've written many times here on Trulia, classroom "training" has too many limitations. You will ramp up your knowledge, skills, client base and income more quickly and more effectively by working with a mentor who can provide you with real-world, hands-on experience. The difference between training and mentoring is that mentoring includes experience.
I recommend you interview mentors until you find one that can provide you with the best hands-on experience and get you started in the direction you want to go. It doesn't matter which company that mentor works for, just get the best mentor.
0 votes Thank Flag Link Tue Sep 18, 2012
KW has a lot of programs and classes for new agents. I am not familiar with the other brokerage. Good luck!
0 votes Thank Flag Link Mon Sep 17, 2012
The energy of a company is something you want to take into account. You don't want to put yourself in a position where you have to switch companies because of bad morale and lack of support. A healthy competitive environment is great and which keeps you pushing forward to reach your goals.
0 votes Thank Flag Link Mon Sep 17, 2012
I am incredibly biased toward my current company! (And yes, I worked at one of the "big" ones for years before realizing there was a big difference). Rutenberg is the best in my opinion! Not only do they have amazing management and owners, who are supportive, but the payout is wonderful, as well. I only pay $1000 "fee" on a sale under $1.5 million and $2000 on a sale over $1.5 million. Yes, the rest is mine (minus my payout to the government in taxes, of course). And all they require? $99/month desk fee I call it and REBNY membership yearly. I work at home but can go in the office if I want and have never met nicer people. Furthermore, you are not required to go to meetings (but they have them if you want), can work at home, and you set the commission. In this competitive business, that helps a lot!
0 votes Thank Flag Link Wed Aug 15, 2012
Identify the top agents at each of the companies you are interested in exploring and see if any them are in the market for a license assistant. There is no better way to learn real estate than from a successful agent. Best of luck to you in your new career path!
0 votes Thank Flag Link Sat Jul 21, 2012
Identify the office with the highest average for annual transactions per agent. (National average is 6 transactions a year per agent)

Then discuss with the broker the nuts and bolts of their MENTORING program that will get YOU doing transactions as quickly as possible. You get paid for completing transactions not warming seats. You learn by doing. You earn by finishing.

Remember, the performance data IS validation of their internal programs. Don't buy into the 'Trust me" agenda. Make sure you see the numbers. When you are on board, simply do what they tell you to do.

Best of success to you,
Annette

Chat with me on:
http://www.RealEstateMadeEZ.us
0 votes Thank Flag Link Sat Jul 21, 2012
I currently work with Keller Williams in Texas and have found that they support their agents with alot of trainings. Everyone in my office is extremely helpful and are always willing to answer any questions. My team leader is very supportive and always willing to offer advice. Keller Williams also allows part-time employees which is a bonus since I am also a teacher. Good luck and make the decision that feels right. How do you feel when you visit these offices. What are their commission splits. How do they support you? What technologies can they offer?
0 votes Thank Flag Link Sat Jul 21, 2012
I would recommend starting where you can get the most training. You don't want to go to a company that says "Good luck" and lets you figure it out on your own. My two cents. Good luck to you!
0 votes Thank Flag Link Sat Jul 21, 2012
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