I just recieved my RE liscense. I am having a har time choosing a company to work for and I want to do both rentals and sales. What should I do? tx!

Asked by Lisa, Pompano Beach, FL Fri Mar 26, 2010

Help the community by answering this question:

+ web reference
Web reference:

Answers

16
gabriel palo…, Agent, Pompano Beach, FL
Wed Jun 2, 2010
Congratulations Lisa,

Jump in and get wet. It is a great business to be in . You have picked a great time to get started.
Your are half way there . You will probably need on the job training so joining a large office for start is a good idea. Most of the larger offices will provide you with great support and a name recognition.
In time when you are more confident and have sales behind your belt you may want to work in a smaller office where you may feel more comfortable. Meeting the manager and the impression you come away with should be a good indicator if you are in the right place. Choosing an office is a simple process motivation and the results of hard work is your reward. A hard working ethical associate is a reward to everyone.
1 vote
Akil Walker, Agent, Upper Marlboro, MD
Wed Dec 11, 2013
Congrats Lisa on your getting your license. now the real work begins. look for a company that mentoring available, help you obtain business cards , training, etc that is interested in launching YOUR real estate career. not to promote an Exit branch over any brokerage but we offer online, in person training & do both rentals and sales.

Best of Luck
0 votes
Rodney Desin…, Agent, LIGHTHOUSE POINT, FL
Wed Dec 11, 2013
interview the companies and do not take anyones advice :) remember they need you,
0 votes
Anisha Matai, Agent, Reston, VA
Wed Nov 20, 2013
Congratulations and well done on obtaining you RE license. I am a fairly new agent and I have my license for one year and I must say the training and coaching at Keller Williams Realty is excellent both for rentals and sales. They have really helped me with the branding of my business as well. It has certainly helped me get on my feet with by business.

Please do contact me on 7039013375. I will be happy to answer any questions you have in this regard.

Anisha Matai
Realtor
Keller Williams Realty
0 votes
Ele Martinez, Agent, Coral Springs, FL
Wed Nov 20, 2013
Congratulations You have a lot of work to do!

Training is a must so shop around with different top National Brokers that can provide you what you need at your starting point.

Brand recognition is important and also the control of the area of the broker. You can do both rental and Sales with most of the brokers.

My phone number is 9542356124 feel free to call and so I can guide you and not make you awaits your time Like I did for a while.

Best regards!
0 votes
Gloria Jensen, Agent, Lauderdale-by-the-Sea, FL
Wed Dec 12, 2012
you can try Brokers LLC it is a great company just caled them you will love working there 9543841616
0 votes
Alma Kee, Agent, Tampa, FL
Wed Jun 2, 2010
Dear Lisa,

Also it depends on your personality as to what firm is the best fit.

When I started out about 10 years ago I went with a high payout firm that also offers exceptional service to the agents. I was okay with not having to be hand held so if you need more coaching then Keller Williams, or Coldwell Banker may be a good choice. Talk with agents because I've heard horror stories of brokers taking a week to pay an agent after closing. With Charles Rutenberg Realty, and Future Home Realty you can get paid at closing or worse case within 5 minutes after walking in the check to Ch Rutenberg (I can attest to this).

It's important not to "jump around" from broker to broker because many brokers will keep your listing commission and future commissions from buyers that haven't closed. You in essence get "locked into" that broker. Chose wisely.
0 votes
Cathy Bureau, Agent, San Antonio, TX
Wed Jun 2, 2010
Hi Lisa-

How exciting for you, congratulations! I would be happy to meet and discuss my company with you if you are in the greater San Antonio area. But first, let me reiterate what others have said in a nice checklist:

1. Go with your gut feelings; there's a lot to be said for intuition

2. Interview at least 3 companies, including mine if you are in San Antonio :)

3. As a new person, go with a smaller company so that you don't get overwhelmed. While some say they work with newbies it's easy to get caught up in company functions and vendor marketing camps losing sight of the more personal one-to-one training that is so deeply needed.

4. Look for companies that are forward moving because today's buyers are very technology savvy and most people are stuck in doing things the same way it's always been done. Social networking is the newest bandwagon people want to jump into but there is more to it than just getting online and marketing yourself.

5. Don’t get overly focused on commission splits. Fees can consume all your commission, consider what you actually get for your commission and fees, and lack of broker support can mean a death to your early career.

6. Other agents can be helpful but don't rely on other agents because only the broker and the trainer truly care about your success as much as you do. This is an independent contractor business. You need a personal relationship with the broker and the trainer (assuming they are two different people).

Cathy Bureau, MBA, REALTOR, Green, SFR
Broker-Owner
GREEN Home Realty
(210) 378-2489
cbureau@ghr-tx.com
Web Reference:  http://www.ghr-tx.com
0 votes
Norm Robert, , Elk Grove, CA
Sat Mar 27, 2010
Lisa, Congratulations on getting your license. There is some great advice here but this is a very personal decision. I run a small company in CA and I focus on the relationship between myself, as the Broker, and my Agents. Some people rely on the Big Name for marketing and those companies also have more formal training program.
Here's my suggestion: Find a small local brokerage (or a mentor) that is part of the "By Referral Only" community to include in your list of interviews. You will be amazed at the difference. If you got into Real Estate because you care about helping people consider joining By Referral Only (not a brokerage). By Referral Only will guide you through the process of putting systems in place to build a business over time. If you need some help finding a local company I can post something on the message board and connect you with someone.
Real Estate is about building and maintaining relationships and helping people you care about. Find someone to guide you through building a business with that in mind.
PS - I am referring you to By Referral Only because it completely changed my life and the way I think about myself and my passion. There is no financial incentive for me to refer you to them; " a referral is introducing someone you care about to someone you trust".
0 votes
Monica Der E…, , 90210
Fri Mar 26, 2010
I don't want to toot my own horn, but I think Coldwell Banker is a great company to work for. I work with a lot of agents who have a ton of success and experience but still choose to work for this company. It is the oldest RE company in the US and you will have a support system of mentors and classes to get you started.
0 votes
Pat & Steve…, Agent, Westlake, OH
Fri Mar 26, 2010
I agree with Richard Schulman about Keller Williams. My partner (husband) & I were with a competitor until June of 2007, when we joined Keller Williams Greater Cleveland West in Westlake, OH and we couldn't be happier. But, don't misunderstand me. You need to interview agents from several real estate companies, so you find the one that best fits your needs now. My suggestion is that you include a local Keller Williams office in the mix of companies you consider.
0 votes
Ron Rovtar, Agent, Boulder, CO
Fri Mar 26, 2010
I would talk to a lot of experienced real estate agents. Ask a lot of questions. Ask for their recommendations. Most agents are more than happy to offer their advice.

Best,
Ron Rovtar
0 votes
Cathy Bureau, Agent, San Antonio, TX
Fri Mar 26, 2010
Hey Lisa-

I can see Stephen's point. You should make a connection with someone in the company. I don't think size matters, what matters is that you can relate to one or more persons. It's not uncommon for a newbie to become a "buyer's agent" but that doesn't necessarily help you with getting listings, which you need in order to survive in this business. Some make a career out of buyers only, some out of sellers only, but most of us have half and half.

I'm not recruiting you because you live in Florida. However, in my company I offer one to one service and am willing to take agents on appointments with me, or go with them to help them prepare. Some people are real go getters and want to go at it on their own, and that is fine too,

You need to determine what help you think you need and ask for that up front. Most brokers already know of agents seeking partners/buyers agents/etc.

Cathy Bureau, MBA, REALTOR, Green
Broker-Owner
GREEN Home Realty
(210) 378-2489
Cbureau@greenhomerealtyco.com
0 votes
The Stephen…, Agent, Portland, OR
Fri Mar 26, 2010
Don't pick a company. Pick a person. As a new liscensee you need personal help. I know! I struggled my first few years in the business until I had someone invest time into me. Small companies with low fees might ignore you, big companies with lots of agents might not have time for you.
0 votes
Cathy Bureau, Agent, San Antonio, TX
Fri Mar 26, 2010
Finding the right company is important in starting your career. I’ve moved around trying to figure out what works best for me, which seems to be my own company. I found is that most companies offer similar options but each has their own competitive advantage (splits, low start up costs, branding, reputation, training, support).

Interview 3-5 companies. Get a copy of your local business journal, Book of List to get a list of the top residential real estate companies. Your gut instinct will kick in and probably know within the first 3. You are interviewing them and they are interviewing you. But really, the brokers are recruiting you and you are in the driver’s seat. Don’t get caught up in commission split. Production isn’t always about volume, it’s often about quality. Some companies taught they are the best, but the may sell an average of $100,000 and others $400,000. The truth of the matter is that this is an independent contractor’s job and you eat what you kill. No matter who you go with, your success is determined on your ability to lead generate and close transactions. Be a sponge wherever you go and soak up as much as you can!

Good luck!


Cathy Bureau, MBA, REALTOR, Green
Broker-Owner
GREEN Home Realty
(210) 378-2489
Cbureau@greenhomerealtyco.com
0 votes
Richard Schu…, Agent, Los Angeles, CA
Fri Mar 26, 2010
Research the companies out there and what they offer. A company you start out in is extremely important, as a good company will give you the coaching and tools you need to learn and grow as an agent and help you succeed.

I work with Keller Williams and they were a huge piece contributing to my success. They offer training for new agents, coaching, mentoring programs, and a great community environment of support and encouragement. I had previously worked with another company, and after switching to KW, they helped double my sales within the first year. They also have a commission cap that I haven't found at other brokerages.

Feel free to contact me directly and I can give you some more information and direct you to a KW colleague I know in your area.

Congrats on getting your license and good luck,

Richard Schulman
Keller Williams Realty
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more