Folks value what the PAY for.
Steve, being offered a FREE ride, is suspiciious and can not see the value in FREE!
Be aware, FREE, may not be interpreted as we think.
Steve, are you aware that 95% of new agents NEVER see their second year? In any other industry this failure rate would be labeled 'CRIMINAL!"
Yet, this broker has offered to invest $200 in you...
Do you have the tenacity, the strong fabric, the committment to become successful?
Here is someone willing to invest in you.
Do any veterans have any advise for me before I make a commitment?
Yes, I do. Can you describe your business? What is your product or service? What are your costs?
How much must you make to survive? What is your 5 year GCI gaol? When do you expect to break even? What will be your diiferientator?
Are not these the question ANY small business owner would be REQUIRED to answer? Perhaps this has some reflection on the criminal failure rate.
How can you select the 'right' broker if you can't describe your business? You are doomed to be a buyer agent until you sink or sort out your business priorities. You already know what happens to 95%.
I will, however, throw a suggestion into the black void that is your business as it is curently defined...
go with the broker that gets you engaged in transactions as soon as possible...that is not in five months, that means in FIVE DAYS. You'll need a mentor.
If you are not doing business, you are going OUT OF BUSINESS!
It's not rocket science, but you do have to invest in proper research and planning.
As a small business owner, which all REALTORS are, this should be your expectation and responsibility.
Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
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10 years ago when I got my license the schools, when affiliated with an agency, were not doing that. Their attitude was something like the concept of "separation of church and state". So I'm surprised to hear this. I would be a little apprehensive about a company that is in essence paying to recruit agents. If they have good benefits, fair fees, and/or beneficial training programs, they should attract good talent without having to rely on recruiting from the school.
Talk to Brokers of at least 3 or 4 different real estate companies- franchisers and independents- and ask a LOT of questions. Ask about commission splits, and what the variations may be; ask about other fees that can significantly impact your take-home pay; ask about floor time opportunity or requirements,(although it should not be mandatory many office s make it clear that it's expected) E & O insurance fees and co-pays, and if you must serve under another broker for a particular number of transactions at a reduced commission split. These are all questions I wish I'd known to ask when I started 10 years ago. Best wishes.
Kimberly Thomas, Broker-Associate
Brown & Pope Realtors
2105 Voorhees Town Center
Voorhees, NJ 08043
Knew someone who did that plan. It didn't work for them. Best to interview several brokers to see if it is worth saving the money. Compared to all the other cost in real estate the $200 is not much. Also you need to see what other fees you will pay for once in that office,and what will be your commission split? If you want to get your license bad enough just pay for it yourself and be a free agent to pick and choose your broker and office to work in. No strings attached!
Call me directly and can discuss more on the topic.
Sara Mulford, Realtor
I would also advise you to think if $200 is really a lot of money in the grand scheme of things. I would say my best advice would be that real estate school prepares you for NOTHING in the real world of selling real estate. I would start with a company that offers training and consider starting as an assistant or agent on a team. You will get leads and learn the ropes.
Feel free to call me anytime!
Eric Axelson, Associate Broker
Licensed in NJ and PA
Kurfiss Sotheby's International Realty