You received excellent advice from everyone. Follow it. But only one lone voice mentioned a "mutual good match," and that is key. Also, remember, you are interviewing the brokers, not the other way around. The question that I asked at the end of every interview was: "If you could not work here, what local company would you work for?" After approx six interviews, I had my answer... Best of luck and welcome to the club!
I was with Coldwell Banker as a rookie ( 3 yrs) & moved to KW Princeton.
CB , prudential, century 21 weichert ,weidel GMAC ...are all traditional brokerages. ie no desk fees & standard agency splits...some start at less than 50% with an administrative fee.
Floor time is essentially the main source of leads as a probability for new agents to build a client base.
If you have even 1 clent to start with I highly recommend Keller Williams.
You stat off with 70%. split. All listing leads are yours.period.
CB, weichert, GMAC, Long & foster....all channel leads to the company & sell them back to the agent for 25-30% referral fees.
More & more corporate interference & control exists & the unnessary expenses on costs the company covers, do actually end up with a higher split for the agency vs the agent. The brand names they spend money on promoting is the company & not the agent.
I am very happy with my decision, not wasting time on floor time ( usless leads) & making more money per transaction. ALL leads are mine, irrespective of callins from signs , KW site,realtor.com or call ins on my listings on the company websit.
And the training is phenomenal for a newbie or experienced agent.........I've watched modules & roleplays on my computer via the online KW university program , at my convenience, sometimes in the middle of the night. And they are effective. There are classes held by experienced agents & trainers as well.
I am an active technology using agent & I feel KW is very hands on & leaps & bound ahead in terms of the tools provided to the AGENT instead of serving the company.
BTW, KW Princeton serves both PA & NJ
Email me if you have any questions. Shalu@thaman.com
Engel & Voelkers
We are always interested in talking with motivated agents looking to start in the industry!
With 335 locations around the world, our International network in more than 25 countries might be your new home!
Another KW agent weighing in here. I was with Burgdorff Realty, a "local" North Jersey agency owned by Cendant. I was very happy there as a new agent, and never thought I'd leave, until after 2 years in the business I was contacted by the local KW office. I knew the minute I heard their philosophy it was the place for me. After my first training session, I almost cried, as I realized I'd wasted 2 years. But I'm not crying now. I've doubled my GCI in my first year, our offfice, which is only 3 years old, has profit shared every month this year, and best of all, I'm confident that next year will be even better!
Pretty sure I wouldn't feel this positive if I was at my old agency.
Good luck, and no matter where you end up, read "The Millionaire Real Estate Agent." In fact, if you send my your address (offline) I'll send you a copy free.
All the best,
the ease of reaffilliating is one of the great parts of this trade...the brokers know we are all lone wolves at heart and the business is happy to oblige.
carmelo makes an important point about reading...everything from the sunday paper to trade journals and books now and then.
Our experienced, highly trained managers are your partners not your competitors. They do not sell.
Intensive two-week Quick Start training for new associates
Mentoring program for new associates
Free coaching to sales associates of every experience level
Business planning assistance
Annual awards program
Annual three-day Masters Conference for learning and networking
Success series lectures
In-house staff and services to save you time and money
The latest technology tools for todayâ€™s marketplace with in-house support
In-house advertising agency to promote your business
Industry-leading compensation and benefits
Ask the companies you are interviewing if their CEO had a national BEST SELLER dedicated to taking your business to such levels that he called the book, "The Millionaire Real Estate Agent" or as every Keller Williams agent affectionately knows it as, "The Red Book". Call any Keller Williams office, ask for the "Team Leader" and tell her you've heard about this book written by a "skinny feller" named Gary Keller! The book is a step by step "action plan" to take your business to any level you wish. And at Keller Williams we show you how to follow the "model" the book endorses. And you'll also notice that no one who reccomended KW even talked about our "profit share" model. But last year our company profit shared with our agents over $50,000,000!! You do that NOT through multi-level, pie in the sky, but through sound business fundamentals based on earning a profit! Remember, you can listen to the Rumors--Or profit from the truth! I'll leave you with our culture mantra:
Win-Win--or no deal
Integrity--do the right thing
Committment--in all things
Communication--seek first to understand
Creativity--ideas before results
Customers--always come first
Teamwork--together everyone achieves more
Trust--starts with honesty
Success--results through people. Or as Floyd Wickman said at our last Mega Camp in Austin, Texas 3 weeks ago, "If you see a Turtle sitting on a Fence Post--Chances are he didn't get there without some help!"
I have the answer for you.
Weichert realtors has without a doubt the best trainging and mentoring program.
I am a mentor for the office and if youd like to contact me feel free I would be happy to introduce you to the company and all it has to offer.If youre a new agent and want office and company support look no further than Weichert Realtors.
Just pull up my contact info and give me a call.
Trainig is good but the need for an accessible mentor cannot be overstated.
Now, over two years later, I am still as happy as can be and I can honestly say that KW not only met but exceeded my expectations. Our office was recently voted the best real estate company to work for in our community.
The training is exceptional and if you follow the KW model, you'll have more business than you can handle. We have a weekly onsite training schedule and we also have access to the KW online university classes and resource materials. The onsite training is free and access to the online university is included in the monthly consortium fee of $40, which also includes my phone with unlimited long distance calls and website with free MLS search for the public. If nothing else, you owe it to yourself to speak to the team leaders at KW in your areas. I would also recommend that you ask to speak to some of the agents that work in those offices. Ask to attend their next office meeting.
Wishing you the best of luck in your decision making process. Maybe I'll see you at the KW Family Reunion in Atlanta next year.
I think you probably get it by now: Keller Williams is the ONLY place to go... but when you get there, Show up hungry!! You must get involved, stay involved, plug yourself in to every training opportunity, no matter how busy you think you are, go to the classes. Real estate can wait; most of the time whether you answer a call at 9 o'clock or 11:30, the result will be the same; so go to class!! Meet and hang around with the agents who share and teach and coach the most and just put yourself in "sponge mode". I was at Keller Williams for a year before I went to my first higher level classes taught by their accredited faculty- I went to Austin for Base Camp. I took the Listing clinic, buyer clinic, time management, business planning...I was nearly overwhelmed! I learned more there than I did at Joe stump, Craig Proctor put together, not to say that they weren't great, they were... But long story short, Keller Williams rocks!
If you haven't already, I highly recommend that you do some research on Keller Williams Realty. They have offices in both NJ & PA. I've included a link to the corporate website. Should you have additional questions or wish to hear more about my personal experiences with the company, training, technology tools, culture, people, etc., feel free to call or email me. Congratulations on your accomplishment.
EXIT is NOT multi-level marketing
Over 1,200 franchises sold and over 40,210 agents recruited
Over $115 Million Paid in Sponsorship Bonuses (since 2000)
EXIT has grown at a rate averaging 77% each year for the past 5 years
I love EXIT and I am still considered a newbie to the business myself. I interviewed with several brokers and I did not let commission split be the deciding factor. I wanted to know how I would be recieved, how I would be treated, what I could expect in way of support as I build my buisness, what training was provided and many other questions. I suggest you define what you are looking for, formulate questions, do some interview and then make a decision.
Leam more about EXIT at http://www.MDHomesBuySheila Gale.com
My first inclination would be to call Weidel. It would be in your best interest to speak with a few Brokers and find a mutual good match