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Eleana, Real Estate Pro in 89084

Why do you highly suggest Kellers Williams as the broker to join? How's their FEE structure and what do they take from agent's commission?

Asked by Eleana, 89084 Tue Dec 21, 2010

Please MAKE IT CLEAR. I NEED TO CHOOSE A BROKER. THANK YOU.

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13
I recommend interviewing a few Brokers and Brokerages. Remember you are interviewing THEM not the other way around. One key question to ask during the interview is about their turnover rate and WHY.
0 votes Thank Flag Link Wed Dec 22, 2010
I love Keller Williams for many reasons. They have amazing support and training so I am doing more deals than ever before. The fees and commission splits depend upon if you are a stand alone agent or a buyer's agent on a team but they all have a cap limit so you can become a 100% agent. And the culture is awesome. Last night we fed the homeless and today we are having Santa visit at the office. This place has so much that, to be honest, I can't do it justice in an email. You should talk with our Team Leader Chris Dowlen so he can explain Keller Williams better to see if it is a good fit for you. He can be reached at 702.939.0086, Let me know if you will be coming by so I can say hello.

Andrea Packo, Buyer's Agent
Keller Williams Realty The Marketplace
2230 Corporate Circle, Suite 250
Henderson, NV 89074
702.279.7679
Web Reference: http://www.andreapacko.com
0 votes Thank Flag Link Wed Dec 22, 2010
Hi Elana,
I am an Agent with Realty ONE Group, Inc. and I agree with MIke and Raye. I think Realty ONE is great and has the best commission split, especially if you are a new agent. They also have a mentoring program that will help you get started and develop a good foundation in the business.

I would also suggest that you interview with our Broker. There is also another small firm that I like and it is Simply Vegas. It is a small company but their agents have years of experience and the highest level of honesty of anyone I know in the business. In my opinion honesty in this industry goes a long way. If you have questions please give me a call.

Mike Yarbrough
Realty ONE Group, Inc.
10750 W. Charleston Blvd. #180
Las Vegas, NV 89135
Direct: 702-985-5566
Office: 702-898-1221
0 votes Thank Flag Link Wed Dec 22, 2010
I have looked at many of the big brokerages in town but always end up at independents. It is best to interview many different brokers, create a spread sheet with fictitious commission amounts and all of the splits, franchise fees, marketing fees, transaction fees, etc to help break down costs.

I personally choose competing brokers because I like their ability to adapt to our ever changing market and their insight is awesome when you have a crazy problem (which happens a lot!) Many small, no brand brokerages have mentoring programs also.

Another thing I looked at with brokerages is that they compliment my business model.
0 votes Thank Flag Link Wed Dec 22, 2010
Eleana,
Any brokerage doing any volume of business must have something going for them. The question you need to answer is, "WHAT DOES ELEANA NEED FROM A BROKER?
Here are 10 to get you started.
1. Do you need constant supervision?
2. Do you need step by step guidance on every aspect of your business?
3. Do you need the rah-rah of mandatory meetings?
4. Are you able to learn through independent study?
5. Are you entrepreneurial with original ideas, self-motivated and really don't what others to control you?
6. Do you possess the infrastructural to conduct your business?
7. Are you a rookie? Do you need comprehensive training before stepping out into the business world?
8. Do you believe those who take the risks should receive the reward? What risk is the broker taking?
9. Do the programs of the broker benefit all agents evidenced by higher production?
10. Are the broker programs making the pie bigger for everyone?
If you find you are self-motivated, self-sufficient, and fully capable of the intricacies of buying and selling of homes, you should focus on the money you keep in your pocket.
Good luck with your decision.
Annette Lawrence
ReMax Realtec Group
Palm Harbor FL
0 votes Thank Flag Link Wed Dec 22, 2010
Eleana,

I work for Keller Williams. Go in and talk to the broker.they are very upfront. In our state it is a RESPA violation to give out such information. I like the way I am treated they have a great mentoring program if you are a new agent. Interview the broker.

Best of luck,

Vera
0 votes Thank Flag Link Tue Dec 21, 2010
Hello Eleana,

I've been an Real Estate agent for 12 years full-time. I've never worked for Keller Willams but have closed deals with them. I know they have a different set up as far as commissions go that I'm not familar with. I always recommend that agents search all options before making a decision. You are an independent contractor so you're responsible for your choices. if you're new to the biz I recommend going with a company that will give you great training. It's very important to learn the ropes and laws of Real Estate. I had a great start and thank the company for all I learned from them.

Do your research and ask lots of questions. If you'd like some suggestions on what to ask shoot me an e-mail. There's lots of wonderful companies out there. Best of luck to you. Happy Holidays.

enny O'Brien RE/MAX Benchmark, My biz e-mail is Penny@PennysProperties.com...
0 votes Thank Flag Link Tue Dec 21, 2010
Hi Eleana,
Keller Williams is a very good company, but I noticed that no one has answered your question about the FEES (most Brokerages start at 50% of your commissions, plus fees). Raye and I moved from Coldwell Banker (another very good company) and we looked seriously at Keller Williams. We are VERY happy that we chose Realty ONE Group where they charge a simple $100 per month and ZERO share of your commissions!!!

If you would like more info on this great Brokerage (absolutely number one in Las Vegas) contact us at:

Michael & Raye Real Estate Consultants
Realty ONE Group
702-278-3507
yourLVrealtors@aol.com
0 votes Thank Flag Link Tue Dec 21, 2010
Eleana,

I would recommend checking out Prudential. It is a great company with an excellent program for new and seasoned agents. I have been with Prudential for several years and I love the people I work with. We have many successful agents that work for our company. Prudential is also ranked the #1 real estate firm in the Las Vegas valley based on market share. Feel free to call me if you have any questions about the company. I would be happy to speak with you. I will give you some great info about who you should speak with.

Len McGuirk
Prudential Americana Group
Cell: (702) 203-6688
LenM@AmericanaGrp.com
0 votes Thank Flag Link Tue Dec 21, 2010
Hello,
as a Keller Williams Agent I can only speak to my experience with this company and say that i enjoy it very much. As a new resale agent i found the classes, mentoring and friendships invaluable. I think within every organization you will pick and choose the strategies and environment that works best for you. I would recommend speaking with a team leader at the office in your new city. If i can be help please contact me.
good luck,

kristal wilson
making it kristal clear!
0 votes Thank Flag Link Tue Dec 21, 2010
I never have recommended KW. I am curious as to what the source was that led you to believe that I do recommend them. I'm sure they are a fine company, but I am happy where I am at which is Coldwellbanker Wardley.
0 votes Thank Flag Link Tue Dec 21, 2010
Since no one has answered yet I don't suggest KW. I am told that they do have good programs but I personally don't like franchise fees. I don't charge monthly fees or transaction fees. Call or email me and we can talk about your association with us. I was first licensed in Nevada in 1979 and got my broker's license in 1981. I have worked in both franchise and non-franchise companies. I opened my own company to bring back older less costly methods of real estate brokerage.

Dave Rubinger
Broker
D and R Realty
David Rubinger and Associates

David@DandRRealtyLV.com
(702) 683-9688
0 votes Thank Flag Link Tue Dec 21, 2010
If looking to choose a broker, consider interviewing with a few different realty offices, or as many as needed, and interview the broker owner and or office manager back--naturally we all believe that the office we are affiliated with, is the best--but what is best for you....only you can make that determination--if you are a new agent, look for the best training programs, the best support staff, mentoring if necessary, ask about commission splits and any other fees, etc., then choose the broker you like best--opinions are often subjective, what may be good for one is not necessarily the case for another....
0 votes Thank Flag Link Tue Dec 21, 2010
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