What's the best real estate company to work for in Chicago?

Asked by Erik Jorgensen, 60611 Sat Nov 22, 2008

Who's the best? Where would you hang your license and why?

Help the community by answering this question:

+ web reference
Web reference:

Answers

7
Joe and Jean…, Agent, Park Ridge, IL
Tue Nov 25, 2008
Erik:
I believe the company where you hang your license has to give you and your business support on multiple levels. In "this market" as everyone likes to refer to it, a company should provide you with tools and training to keep you successful and in a direction to multiply that success when the market takes an upward turn. Can that company offer vendors on site for you and your client, rewards for growing the business and multiple sources of revenue? A real estate company can be so much more than just hanging your license it can be the backbone of giving you a career worth having, a business worth owning and a life worth living. Feel free to contact me if you want to know anything more, my license hangs at a company that can provide this - we are also a national company that gained agents last year as opposed to many who lost them by the hundreds - even thousands overall.
Web Reference:  http://www.TheMarellas.com
0 votes
Christopher…, Agent, Chicago, IL
Sun Nov 23, 2008
Dear Erik,

It is very unusual that I would re-post to a question that I'd already answered before, but I thought that I could have been a little more helpful than in my previous response. I basically assumed that you are a newer agent or a new licensee who has not yet made any decision about what brokerage to join (as opposed to someone who may have joined a firm and is looking to make a change). Keeping with that assumption it occurred to me that when I was starting out, I did not even really know exactly what questions I needed to ask someone when thinking about where to work or what to look for. I'd maybe suggest taking a look at "Your successful real estate career" by Kenneth Edwards. It's been a pretty popular book for people considering a real estate career, and specifically there is a chapter on choosing a company to work for. If I was not explicit enough in my previous message, I'd also speak with or interview with a number of brokerages to get a better idea of what the broader market offers. Having hopefully clarified again I'd be happy to speak with you anytime about my current experience or my very first brokerage decision. Once again good luck with your search and trust your instincts. The brokerage has to be the "best" fit for you.

Sincerely,

Christopher Thomas
Broker Associate, Sudler Sotheby’s International Realty
1634 E. 53rd St. 2nd Floor Chicago, IL 60615
773-418-0640 (mobile) 312-577-0985 (fax)
Christopher.thomas@sothebysrealty.com
0 votes
Synthia Noble, Agent, New Lenox, IL
Sun Nov 23, 2008
great question. the answer is different for each agent. I would suggest interviewing with a few firms to find the best fit for you. My preference was to find a broker that I connected with and could turn to for advice at any time. Also, in house resources including marketing tools, leads, education, etc.
I started in a small firm that was great for a while until the broker switched the commission split from 70% to 50% with no notice. Then I looked around, researched firms in my area - specifically the firm that had the highest number of closings per agent - REMAX was far and away the best. I am now with REMAX 2000 and find it to be a great fit (south suburbs). One caveat, since REMAX has monthly desk fees due whether you close a deal or not, I personally don't think it is a good fit for a brand new agent without a network and work in the pipeline. email if you have questions synthianoble@gmail.com
Best wishes
0 votes
Sierra Imwal…, , 60657
Sun Nov 23, 2008
Erik - I have been with 3 different real estate companies over the past 5 years. I have worked for both small and large firms and finally believe I'm at the perfect place for me... .Jameson Real Estate. I love the fact that there is only one office so that everyone has the opportunity to know each other. The management is extremely supportive and energetic. Every week at the office meeting, there are literally atleast 30+ people in attendance which to me says a lot about the value that the agents put on the company. It also has shown through to the public as jameson just won Best Marketing Firm in Chicago by Chicago Agent, AND Highest Average Sales Volume per agent. It's really a great place to be.
Sierra
0 votes
Jeremy Caleb…, Agent, Virginia Beach, VA
Sun Nov 23, 2008
I'm fond of two agents/companies in the Chicagoland area:

Joe Niego, Broker
Niego Real Estate
6625 W Archer Avenue
Chicago, IL 60638-2407
http://www.niegorealestate.com

and

Isabel Diaz, PowerTeam
RE/MAX TEAM 2000
7130 W. 127Th Street
Palos Heights, IL 60463
http://www.RealPowerTeam.com

I know both of these folks, and they have great track records as agents as well as business owners.

Hope this helps,

Jeremy Caleb Johnson
Realtor & Real Estate Lecturer
Long & Foster, Realtors
Virginia Beach, VA 23451
jeremy@LNF.com
http://www.ChooseJeremy.com
Web Reference:  http://www.ChooseJeremy.com
0 votes
Christopher…, Agent, Chicago, IL
Sun Nov 23, 2008
Dear Erik,

This is a highly individualized question. What's best for you may not be best for anyone else in Chicago. Having just changed firms recently, I'd suggest looking at the following:

What geographic areas would you like to work in and what brokerages are active in that area?

If there are agents who are particularly successful in the geographies that you're considering, speak with them and get their opinions on both their current brokerage and other brokerages that they might consider (and ask them why they might consider a different brokerage). I'd consider trying to talk to as many different agents in a particular office as possible to get many different perspectives.

In addition to what commission split is offered on closed transactions, find out what the fee schedule is for other services offered by the brokerage. If you are planning to do a lot of direct mail marketing instead of internet based marketing, then you must know how much your anticipated costs will be to conduct your business at each brokerage that you're considering. This REQUIRES that you have some sort of business plan as you're beginning your real estate career.

Look at real estate ads (print and/or internet) out there and if there are companies whose marketing you've found to "speak to you" particularly effectively, then contact them first. If there is a consistency of presentation that you find yourself attracted to from multiple agents from a particular brokerage, then that might indicate somewhere you'd be comfortable hanging your license.

If you'd like to discuss further how I made my brokerage decision (either recently or when I first entered the business 5 years ago), I'd be happy to speak with you. Just call or email me at any time, and good luck to you.

Sincerely,

Christopher Thomas
Broker Associate, Sudler Sotheby’s International Realty
1634 E. 53rd St. 2nd Floor Chicago, IL 60615
773-418-0640 (mobile) 312-577-0985 (fax)
Christopher.thomas@sothebysrealty.com
Web Reference:  http://www.myagentchris.com
0 votes
Kale Realty, Agent, Chicago, IL
Sun Nov 23, 2008
Hi Erik

Great question!

I started my own firm about 1.5 years ago with an office in the south loop- we offer amazing splits, growth opportunities and complete freedom for our agents.

I would love the opportunity to talk with you- please drop me a line and let me know a good time

Thanks!

Nick@kalerealty.com
Web Reference:  http://www.kalerealty.com
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more