Advise needed to find a real estate agent sponsor

Asked by Agent_help, Dallas, TX Mon May 6, 2013

I am currently in the process of getting my Real Estate Agent License. I submitted my application for license and waiting on that.

I do not have a sponsor yet. I am looking for one now.
1) Can anyone guide me on finding a good broker as a sponsor. Referrals will help as well because then I can take a good decision.
2) can anyone also give me an idea about the fees charged by the brokers and also the commission and training for new real estate agents.

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Answers

13
Phillip Madi…, Agent, Dallas, TX
Tue Mar 4, 2014
Keller Williams is my #1 choice all day. After many interviews with brokers, meeting other agents, Keller Williams was the standout for sure!!! I then was very blessed to be introduced to an AMAZING office full of supportive people! Their Motto "God, Family, then Work". If you have any questions please reach out to me anytime. I would love to help.
2 votes
Pat & Steve…, Agent, Westlake, OH
Tue May 7, 2013
I suggest that you consider Keller Williams (they have a lot of free training for new agents and are, in general, less costly, because of the services they provide at no cost). I am biased, because I and my partner/husband are Keller Williams Agents (we moved from another real estate company 6 years ago).
1 vote
Keller Williams is the place to be!!
Flag Tue Mar 4, 2014
I love to hear this....my husband and I are both in Real Estate courses right now :)
Flag Mon Jan 20, 2014
Terri Vellios, Agent, Campbell, CA
Mon May 6, 2013
Congratulations on your new business venture. I recommend you contact your local Keller Williams Realty. They have excellent training, Mentorship, accountability, and teach you to run your business like a business from the beginning and gives you the skills to grow it to what ever level you are willing to commit to.

Fees vary by company and since you are new, I would not get hung up on that. You want to be successful and stay out of court. Do the right thing and call Keller Williams.

To your success!
Web Reference:  http://www.TerriVellios.com
1 vote
Leo Sussan, Other Pro, New York, NY
Wed Aug 3, 2016
Real is an excellent choice. Instead of giving up 20-50% of your referral income + fees, Real's commission split is 85%-15% (as in, you keep 85%) and we don't charge brokerage fees.

That said - there are ton of excellent options here. Any brokerage would be lucky to have you :).
Web Reference:  http://welcome.joinreal.com.
0 votes
Leo Sussan, Other Pro, New York, NY
Wed Aug 3, 2016
Real is an excellent choice. Instead of giving up 20-50% of your referral income + fees, Real's commission split is 85%-15% (as in, you keep 85%) and we don't charge brokerage fees.

That said - there are ton of excellent options here. Any brokerage would be lucky to have you :).
Web Reference:  http://welcome.joinreal.com.
0 votes
John Tunmire, Home Buyer, Fort Worth, TX
Tue Mar 4, 2014
If you are just starting out I would recommend Keller Williams. Once you gain the experience you can strike out on your own and not have to pay those high commission splits.
0 votes
Lance Watkins, Agent, Edina, MN
Tue Mar 4, 2014
RE/MAX is a wonderful company to work for and with. You are treated as a professional as well as supported through all phases of your business planning.
0 votes
John Tunmire, Home Buyer, Fort Worth, TX
Mon Mar 3, 2014
0 votes
Monica Pineda, Agent, Dallas, TX
Fri May 10, 2013
You have already gotten a ton of replies, but since I just asked this question back in December I will throw my two cents in too. I have been licensed for 9 years.. but I decided to sign on with a small office that allowed me to do what I want and keep all my commission, and just pay a small office fee. The broker was awesome and I loved the freedom, but I hardly ever worked! Unless you are prepared to do your own advertising, plug yourself all over the place and really work to get leads, you should start with an office that offers training, lead generation, and can balance that with a decent commission split. I decided at the end of last year to go full time and find someone who would help me keep busy without taking all of my hard earned commission.. and I found it. VIP Realty was the best fit for me. There are two other offices that I leaned towards, but the fees seemed to eat up a lot of the earning potential and they were a tiny bit stuffy for my taste. I'm used to my freedom and I still have that to a certain extent here. Everyone is different, and you really need to do your research to find the right fit for you. Good Luck!!
0 votes
Thanks for the reply. This really helps !!!
I was looking for an answer something like this.
Flag Fri May 10, 2013
KWCareers, Agent, Atlanta, GA
Tue May 7, 2013
This is a great resource for exploring the Keller Williams Realty agent model: http://moving-careers.com/blog/ Remember...the most important thing to consider, is where are you going to NET the most money. Who is going to offer you the best training, education and support, so that you can do more business and build the best quality of life for you and your family.
0 votes
thanks .I have two weeks of class left .
Flag Mon Apr 7, 2014
Dixon Wong, Agent, Dallas, TX
Tue May 7, 2013
Hey there,

we are just opening our new office at 3131 Turtle Creek.

Please let me know if you want to drop by and check in out. Maybe we can work together

Dixon
Realtor
http://www.findyourtexashome.com
0 votes
Oscar Wild, Agent, 610 438 3777, PA
Mon May 6, 2013
Congratulations. If you want to start your career with a bang please read on...
Step1. Make a list of all real estate offices within 5-7 miles of where you would like to work. Say at least 10 agencies. Call every office, ask for the manager, tell him or her that you are soon going to be a sales person and that you want to meet him or her. Go and meet them. Put on your best clothes, smile and charm. Listen to them how good their agency is as compared to others. Most of them will show you the office. Enjoy the free ride. Listen, listen and listen to all the managers. Next day write a thank you note to each.
Step 2. Analyze all agencies you have been and choose as follows. You make more mojo if you join the brokerage that will teach you most by well laid out training program for newbies. It is enjoyable to work with a manager who encourages you most. It is useful to find mentors who correct you most. It is fun to make friends among colleagues you enjoy most.
Step 3. As you work your career you will do many deals with other agencies. With every deal, go and meet the manager of the office and reintroduce yourself to stay in their memory. Send them holiday cards. Do all the things that you have learnt in life to maintain strong connection with every manager in your area.
Top quality of successful agents is a strong focus on relationship building. If you have embarked on this career, start with this end in mind.

Thank you for reading my two pennies worth.
0 votes
Patricia McC…, Agent, Dallas, TX
Mon May 6, 2013
Its not an easy task to find where you will fit in or what will work for you. Its like getting married to someone without dating first. Interview a lot of brokers and do your homework. Not all are created equal.

Keep in mind stability and market presence is critical to your success. If people cant find you then you may never get the business so moving around a lot never really works - you seem unstable. Market presence equates to the front door ~ cant get through the door if people have never heard of your company or want to do business with you. That's the difference between a top branded company and a no name company with little to no market share. You might not hear that but its true to some. Others say, sell yourself and get the business as long as you are licensed. You decide.

Usually, the standard or top name brand companies charge between $75-150 a month as a monthly office fee and 50 to 70% (50-50, 60-40, 70-30) splits on your earnings and then you cap at some magically number usually around $2000000 broken down about $60000 50/50 you will pay $30000 to your office 60/40 36000/24000 70/30 $42000/18000. You pay royalties, splits, and office expenses out of your share. Also keep in mind that with your share, you will pay for membership to the association, showing service, insurance and much more. After that you will pay for tools to build your business and have out going expenses in order to do business.

Some offices have pay per transaction models, keep 100% of your commission models, and all kinds of models that may or may not work. Keep in mind, if you don't get the support services and training to be a successful agent to build your business ~ you will fail and go broke. They don't tell you that but its the truth. You will pay to be in this business and if you don't get business you will still pay. Most don't make it the first year and that's the truth. A yardstick of a year is used because that's when you have to decide whether you need to pay again and continue to take your classes to renew your license.

You have time to find a place to land. Take your time and visit offices and interview them. You are about to start a business where you will be paying them a lot of money. Get what you want out of it! Ask the questions as if you are in control and you are making a decision to hire them. Go once, twice and maybe three times before deciding where to hang your license.
0 votes
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