I am the broker of Elite Properties, an independently owned brokerage with many top ranked web sites serving Sacramento County, El Dorado County, and Placer County.
Any larger company is likely to be as good as the person you get. Is your loan officer there helpful, and answering your questions? Did you get a good faith estimate? Are they in touch with you to make sure all your documents are submitted?
I've had clients who've had great experiences with eLoan and other online loan companies, and I have clients who've had lousy experiences.
If you wanted me to refer some of the lenders I use so you can compare, please feel free to give me a call at (530) 672-9160. I can't get referral fees from lenders by law, so this is strictly so you can have the info.
Based on my interviews when I was new and my experience starting out with ERA, I can tell you ERA has fairly decent training on some of the basics, but since when do they have minimal fees? When I joined they pretty much started out new agents at a 50/50 split, and the time frame for moving up was rather long. At Elite Properties (my company), the split starts slightly higher than that and you move up more quickly -- also there are no ongoing fees except for Metrolist / Board dues, which you'd have to pay anywhere you go.
I don't ususally charge agents to do their own transactions. If you're new however part of your split is also paying your mentor, so we'd to talk that part of it over -- chances are it could be worked out. There's also a transaction coordinator piece that would apply.
Give me a call if you wanted to discuss it further (530) 672-9160. - Mon Jan 7 2008, 08:45
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