If you can work as a buyer's agent or a listing coordinator for a top notch agent that experience will be priceless in the long run. Maybe you are making a smaller split in the beginning but wouldn't you want to learn from someone that is closing deals in this tough market that teaching about them?
It's inevitable that most people that answer this will be partial to the company they work for. I originally went through the Prudential training program and found it to be very informative. I had changed over to Windermere and found the training to be pretty good as well. However, the current brokerage that I am with (which is the fastest growing brokerage in the United States) is definitely at the top of the charts when it comes to training. Not only do you get intensive training if you are a new hire, but there are a plethora of ongoing classes applicable to anyone in the business, regardless of your experience level. I'm sure most people take your question to mean who offers the best initial training. To me, that is certainly crucial, but the better question is, "Which firm provides ongoing training that is relevant to me growing my practice to levels that I never thought were possible?' That firm is Real Living Lifestyles. Truth be told, they offer so many classes that you could pretty much be a full time student if that was your goal. The bottom line is that it is very important to have the proper training, but nothing beats being disciplined, motivated and setting specific goals to make sure you reach your maximum potential. Feel free to contact me if you have any further questions.
Chad Basinger, REALTORÂ®, CPA, CFPÂ®
personal support for new agents once you have a transaction. My broker works in the office daily for us. He is not out being an agent. He is a seasoned RE attorney and I like having that one on one support
Good luck! (bad time to start a RE job!) sher slavin. Masterpiece Realty Associates. Del Mar. Ca.
I am new to Trulia, so am just now seeing your question posted. I also have reviewed most of the answers. You are right, many of us agents or brokers will promote our own company... especially if we're passionate about it! But - I did like some of the answers that spoke the truth about it really being about the AGENT and what they hope to achieve, what they're willing to put into it and what their focus is. Although I feel that our company - Nextage Pacific Realty - does offer good training and various training methods - I feel that if you're looking for a company to align with, the most important thing to consider is HOW YOU FIT WITH THAT COMPANY overall! If you are exploring your options, please feel free to visit our site that goes over the company vision, culture and of course, what is offered in the area of training! http://www.NextageRealtyAgent.com. I wish you great success on your journey and do hope you find a good fit that aligns with your goals!
Real Estate today has become much more sophisticated, streamlined and specialized than in years past. Agents tend to hone in on a specific specialty or niche i.e. buyers agent, sellers agent, investment acquisition, property management, lending, etc.
I'm not trying to blast good quality in house training programs but I do know that they can teach but not create a successful agent. Success comes from down in the trench, hands on first hand experience. This cannot be achieved by sitting in a theater audience listening to a bunch of hyped up chest pounders touting their success stories or by listening and/or watching countless success CD's or DVD's.
" Look to the training, but look to the longevity of agents also"
Kurt, everybody offers the very best, premium, superstar train ever conceived by mankind. Of course you know someone is not being truthful.
As Deborah suggests, good training is only good if the results can be demonstrated in the overall success of the agents in the office. 'Show me the numbers' needs to be top-of-mind when shopping for those who are truly invested in a culture of success in their agents.
@Cory, Excellent advice. A good lender is worth their weight in gold to a RE agent (and I am not just "selling" my services). The agent has to trust the MLO and vice versa. When a transaction is not going to work or a borrower is not going to qualify the best "gift" i can give an agent is to kill it asap. I can, and will, work it in the back room to hand it over later...but the time and money wasted on trying to cut and paste deals together will undo even the most talented of agents.
@Kurt, As John says, it is about people, not companies. Early in my career I thought I needed the name recognition. No bank ever closed a loan for my client. No broker ever persuaded someone to work with me. YOU are the dynamic difference. Of course, we all need support. But, that support has to come in the guise of someone who wants you to succeed. All to many real estate and mortgage companies beiieve in the "throw it against the wall to see if it sticks" mentality (and I am talking about people here!!). They will hire anyone, with the attitude that "the strong will survive". Look to the training, but look to the longevity of agents also. Revolving doors are a dead give away to poor support.... for either real estate or mortgage.
If you are looking for a mortgage mentor, I would be honored to interview for the position.
Wherever you interview, ask what the monthly charges are while you're there. They won't tell you these things up front, they'll wait until you move your license over. When I first started, I was even charged a $25 monthly coffee fee for goodness sake, and I worked from my home office! My company also offered free training, one of the companies mentioned below, but it was the most basic training. There were unlicensed agents there with me, with their unopened Principles books on their laps, asking questions from chapter one. I endured it a few months, then found an experienced mentor with an independent company. That kind of training will get you nowhere fast.
And, this may sound really crazy, but read every contract, word for word, until you completely understand them. When I went to the lunchtime attorney trainings at SDAR, you wouldn't believe how many experienced agents asked questions that were already answered in the contracts. It was an eye opener.
On more thing - get to understand the loan process. You'll save a lot of time not getting into escrows that won't close. I don't know how many buyers told me their escrows fell out on a condo because of the owner occupancy requirements (there are all kinds of condo requirements). This is really basic stuff, and easily discovered up front. Get some good lender referrals, and ask them questions when you have a buyer ready to be pre-approved, and also when you're in escrow. You'll see that you have deadlines to meet (when you read your contracts!).
Good luck to you!
After your training, you are assigned a mentor who assists you with your first three transactions. After that, you always have support all around from your manager, affiliates (escrow, title, lending, home warranty) and fellow agents who are all more than willing to help. Prudential also offers all kinds of services (data base, e-cards, electronic signing, mobile apps for your website, real estate trend info, etc) the list goes on and on for discounted prices. There is so much information provided in can be overwhelming. But they have training on all of it!
Prudential is number one in San Diego in sales and production. I highly recommend them!
Call me for more info!
Ascent Real Estate
619 543 0414