I do not work for either of these companies, but have known several agents that have worked with both. First they are both tremendous offices. I would interview both and I would ask the managers what percentage of the agents are first years? What is the attrition rate of agents in the office? You want to make sure you are in an environment of mentoring and education and not just about production. The split is important, but not as important as the training. I started out 50/50 with my first broker, but they mentored and gave me leads. I got 10 leads from my broker my first 6 months and closed them all. That was way more important than a high split. Best
Im glad I didn't and that I chose to work with a 100% commission broker.
Success has nothing to do with the broker, its all in the agent's hardwork.
Feel free to call me if I can help you. 914 589 2455
Keller Williams Realty Sales Associate
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I have worked at Coldwell Banker, Weichert, ReMax and now own an award winning EXIT office. Whatever choice you make it is not final. If you think you made the wrong choice you can change at any time. In the end your success will not be based on the company, but on your committment, dedication, desire to learn, and hard work. There is great real estate training available through the NAR and many national trainers. Don't just depend on the company.
Much will depend on the agents who make up the particular office, the specific Manager, and what back up support and traing the company offers.
Make a list of questions regarding training - not just for new agents, but ongoing training as well........ask about area market share and experience of the agents, Does the company allow part timers? Will you be surrounded by experienced, high producing agents? The high energy of the office can very well translate to the individual agents.
What support is offered to the agents...what fees do they charge you.......what marketing materials do they offer or subsidize? For example, my company pays for all agents to enhance their listings on Realtor.com...they also offer free individual domain addresses for our listings, split the cost of vitrual tours and allow us to send out 50 Free full color postcards for any new listings and sales. Those are just a few of the types of perks a comany can offer - along with a fair commssion split.
Talk to the manager - walk around the office and get a feel for the atmosphere.
Certainly, you shouldn't focus on the commission split at this time.......just make sure it's fair, and compensates those who produce - because one day you will!
Stop by some Sunday open houses hosted by agents in that office, and see how professional they seem..........ask the if they are happy with their company!
The "best" company is the one you feel will give you the best support and where you feel the most comfortable.
Any large company will have its strong offices, and perhaps a few weaker offices in the mix, too......check out the specific office you might be working in.
Barry, I suggest you read the Realtor Code of Ethics before coming on an internet site and calling another office/company "terrible".......... and bragging you will "outsell" their local office is just plain poor taste, not to mention unprofessional (as the reply left under your response, and I agree with, states)
Even suggesting that other offices within your own current company might not be "so great" sounds terrible and inappropriate.....bet the head of CB would be thrilled reading that!
Is that a professional way to present yourself?
It doesn't speak to those other offices - it speaks to you and your judgement about what to say on an open forum.
I know your current Broker at Coldwell Banker wouldn't approve of your comments, either - show him or her and see their response!
Might want to delete it asap!
I know it has been almost three years since you asked this question. Just curious where did you end up joining? I am at Keller Williams and I love it. Im always learning something everyday from other KW real estate agents all over the country. I wished I wouldve joined when I first became a real estate agent.
I worked with Coldwell Banker in Gulfport, MS (exceptional broker) but there are royalties you pay while others in NYC are not national company so you do not pay franchise fee. Interview many, many, many brokers to find the one that best suits you and you can always change if you do not like them.
Exit Realty Solutions
Direct # 917-803-7019
I have since gone on my own when CB fell out of integrity.
I run my company the way I would have wanted to be treated and trained.
Give me a call if you wish to discuss further. People hire Realtors, not companies.