Belt Auction

Fees and assistance for new Prudential real estate agent.?

I am considering getting my real estate license and working for Prudential Realty. Is there anyonw who can tell me what their fees ( desk, copies, supplies, etc. ) are? If they are generally a good company to work for? Do they provide good support for new agents? I have a meeting with them on Monday, I just want to have some information before hand. Thanks.

Public Comments

1. Hi; I love working with Prudential Benrud Realty in Eau Claire, WI! Each affiliate will have it's own desk fees, just like every other big brand name company. We have several Additional fees, some of which are covered by our affiliate, some that come out of our pocket. If you are looking into Real Estate, make an appointment with the Managing Broker at your local affiliate and ask for information. Also, make sure you like the office atmosphere and the people you will be working with. You need to feel you can trust others to help you establish your business as you are learning the ropes. Prudential Real Estate offers great free support and classes to supplement your state's education requirements. Take full advantage of it! Good luck!
2. The most important thing for a new agent is get with a company that has lots of training. At this point you need to learn how to sell RE. Commission splits and overhead costs during your first year should be considered secondary. Hopefully a sale manager will spend lots of time with you with additional one-on-one training. Go with them on listing appointments and learn to get listings. Get with a company who has a "taskmaster" as a broker or manager. That checks up on you at least once a week making sure that you are making the daily contacts necessary to be successful. Good habits formed today will serve you well for the rest of your RE career. A good agent just doesn't try and sell from floor time. Outstanding agents make at least 100 direct contacts a day. Selling anything, but especially RE is demanding and difficult. It takes a very disciplined person to be really successful. That is why 10% of agents make 90% of all total commissions. Especially in hard times like we have today. Most agents sit on there asses and wait for leads to walk through the door, that's why the vast majority of agents don't even make much more than minimum wage. They depend on their spouse with a "real job" to carry the freight.
3. I used to work as a Realtor with a Prudential office. (I left real estate completely, it didn't have anything to do with Prudential.) There was a franchise fee each time we closed a sale. As far as Prudential went that was the only fee. There was a commission split between agent and broker, of course. There are also MLS fees and Board of Realtor fees but you will have those no matter where you work. The broker you interview with will be able to tell you exactly what fees are involved to work for his/her company. You might want to ask if there are any quotas. I worked for an ERA office that required 12 listings and/or sales in 6 months. The Prudential office I worked for did not have any quotas. The broker should go over things like sales meetings, property tours and phone duty but if he/she doesn't then ask about those things.