I have been doing some research on the various residential real estate firms out there pertaining to starting my career as a real estate agent. I’m looking at the Chandler, AZ area; near Phoenix and some of the firms i’ve noticed there are Keller Williams, Remax, Coldwell Banker, and Realty Executives. I really know that area well and enjoy it there. KW seems to have a solid program for new agents but what about the others, does one have a better repuatation than another in terms of helping new agents getting started? How about the pay structure? Do any firms offer group benefit plans? Which is best/worst for "office" fees? As a new agent, given the current state of the economy, what number of sales can a new realtor expect in their first year or what can they expect to "take-home" in their first year on average?
Also, I’m thinking of eventually getting my broker’s license after 2-3 years and say for example I start out with Coldwell Banker but end up franchising as a part of Remax, is this normal? Once I would start my own franchise, I assume i’m the only realtor there until I hire others and build it up? Do the franchiser’s assist in building the new franchise with staff support/agents? On average, how much capital does it take to start your own franchise?
I’ve got plenty of questions and any and ALL of your input is greatly appreciated!!
Carlos Russo’s weekly Blog. Real Estate Investing and Inflation. Where are we in the inflation Picture in terms of Real Estate Values. Real Estate Priced in Gold or Silver.
Who is the most to blame for the sub-prime mortgage crisis in America? Do you blame the predatary lenders, irresponsible borrowers, bad economy in certain places, or people who borrowed with anticipation that there home would double in 3 -5 years (Phoenix, Las Vegas are two examples)