What company is good to join for a newbie in RE? No desk fee, upfront costs for education. Los Angeles County

Asked by ahimsa_c, Pasadena, CA Tue Dec 3, 2013

Help the community by answering this question:

+ web reference
Web reference:

Answers

8
Steve Parsons, Agent, Salisbury, MD
Tue Dec 3, 2013
Every agent will tell you that the company they work for is the company to go with. My suggestion is to interview with each company and see what your options are. I interviewed with every company in my area and the main reasons I chose the company I work for as a new agent was that although they had a desk fee, they covered all of my color copies and E&O insurance. They also reimbursed me the money I paid for my real estate classes I took to get my license with my first settlement. See if any of the companies you interview with will cover things like this. Good luck to you! :)
1 vote
Jesus, Home Seller, Lancaster, CA
Thu Jan 26, 2017
BEWARE SALVADOR ESCALANTE JR DBA INNOVATE REALTY IN WINNETKA CA, HAS 3 BRE ACCUSSATION FOR FRAUD, DISHONEST DEALING AND MONEY LAUNDERING SEE CASES H-40211-LA, H-39066-LA AND H-40381-LA. HE PRAYS ON FINCIALLY STRAPPED HOMEOWNERS IN THE 90042 AREA CODE HE IS ASSOCIATED WITH A CROOKED BUILDING AND SAFETY INSPECTOR BY THE NAME OF ALFONSO AVILA.
0 votes
Jesus, Home Seller, Lancaster, CA
Tue Jan 10, 2017
F.Y.I don't ever trust escalante, Salvador dba innovate realty. see case # H-40211-LA.
0 votes
Alison Huddy, Agent, Los Angeles, CA
Thu Nov 6, 2014
As a new agent, I started with Keller Williams. I found KW to be very new agent friendly - they offer a mentorship program, and lots of new agent classes. They also have it structured so that new agents pay a nominal monthly fee, and larger ticket items like E&O insurance is taken out when escrows are closed.
Good luck!
0 votes
Audrey Will, Agent, Castle Rock, CO
Wed Dec 4, 2013
As a new agent years ago, my priority was to align myself with a company that provided contract training. You can always find the right "fit" as you mature in the business, if it means moving to another company.
0 votes
Annette Law…, Agent, Palm Harbor, FL
Wed Dec 4, 2013
As Bill pointed out, the success rate of newbies is criminal. The reason he states is, "Lack of support."
Let's see if that's true.
-
How have you defined your real estate business?
Do you know what you will be doing...buying. selling, both?
What will you be buying or selling?
How many will you need to buy or sell to pay your bills?
How many will you need to buy or sell to reach your 3 year business plan goals?
Where are you going to find those home to sell or the buyers with the ability to buy?
Are you going to be working with investors, flippers, banks, rentals?
Are you going to be a 'Grip-n-Grin' agent or work in the environment where everyone is remote?
Do you know what you are willing to do to succeed?
What you won't do?
-
If you have no or very few of the answers to these questions. how and anyone going to provide you support of a business that HAS NO DEFINED PURPOSE? These are the questions any small business owner whould know the answer to before they invested in a business.
-
Now, you want to become involved and are unwilling to pay for desk fees, education, or make a material COMMITMENT that IS the observable a broker considering hiring you should look to see.
-
95% of newbies never see their second year. For now other reason than others allowing them to act irresponsibly. Do your homework. Prepare a business plan. When the student is ready, the teacher will appear. There simply is no support available for those who are clueless. At this moment, you are deciding whether to be the 95% or the 5%.
-
What your question is focused upon indicates you are unaware of what this business is REALLY about and are thinking about costs instead of profit. Your eyes are on the WRONG ball. You would be well advised to invest in your future the amount needed to invite a local REALTOR to meet you at the local Panera Bread and buy them a cheese danish and coffee. You've got some work to do.
-
You very likely read that real estate pros are in the helping business. By asking probing, intelligent questions, you will see what I mean.

Best of success to you.
0 votes
Bill Eckler, Agent, Venice, FL
Wed Dec 4, 2013
There are many great companies out there but what works for one may not work for another. As a newbie to the business I would recommend considering the importance each company places on their training programs.

Since the majority of agents that "wash out" within the first three years do so because of the lack of support, I would also strongly recommend targeting companies that advocate a "mentoring program." These initiatives often afford the support agents need and a true recogntion of what is required to experience success.

Best wishes with your search...

Bill
0 votes
J, Agent, Greensboro, NC
Wed Dec 4, 2013
I would suggest to interview several companies and go with the one that you feel comfortable with. Most importantly, a company that charges you the least monthly fee for their branding. I interviewed 7 companies over a three day period. It's well worth your efforts and time. Good luck to you!
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more