Which Real Estate Company would be best to work for?
From the perspective of the best training, the option of the best commission split(90 or 100%), and the most visibility to the customer, who would you recommend? We are starting our real estate practice in the Phoenix area and have plenty of backing to get off the ground in a reasonable amount of time with no "part time jobs" or other distractions. I was thinking between Keller Williams, Prudential, or Coldwell Banker......any ideas from those with experience?
Public Comments
- Just wondering, why exclude ERA? Aren't they #1 nationwide?
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- I just got my real estate license too and I am also trying to pick from one of the three company that you mentioned. I went to all three offices around my area and interviewed with the manager (CB, P) or team leader (KW). My personal impression is that....Prudential offers the best training, Coldwell Banker has the nicest office and Keller Williams has the friendliest agents. Prudential and Coldwell Banker generally have listings of more expensive homes but the commission split for new agents is 50/50. Keller William is 30/70 for new agents and after you cap at a certain amount you get to keep 100%. I regularly check on www.realtors.com and see how many houses are listed under a certain company. Also what companies the more expensive homes are listed under since I plan to eventually go into high end houses. Around my area Coldwell Banker, Remax and Prudential are the top three for homes over $2 million. I haven't decided which one to join yet. I like the higher commission pay out and the friendly casual atmosphere of KW, also their profit sharing sounds good but the catch is that the office has to make money. I like the solid training of Prudential, their mentoring for new agent program and their prestigages image. Coldwell Banker has relocation net work, referral (from agent to agent in another area) commission and a very prestigeous image too. My choice is probably Prudential since I want to have a solid base so when the market picks up again I will be well equipped and ready to go. I suggest you go and interview all of them since one office might differ from the other one depending on the manager or the broker in charge. See which one you feel most welcome and comfortable. Ask them about their commission split, floor duty, desk fee, training and who pays for how much of the advertising cost. The main thing is that you have to feel good working there. You can always take your license and go elsewhere if you don't like it. Hope this helps and good luck with your real estate career! Cautiousme
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