Exit Realty or Long & Foster?
Question by Melissa T: Exit Realty or Long & Foster?
One company has been in business as for 40 years as well as the another as for 6 years. One company offers 70/30 commission split although the another offers 50/50. Both offer decent training programs. One of the companies provide sponsoring bonuses as well as focus a lot of their business over that. I do not acknowledge who to go goes along with. Any suggestions
Best answer:
Answer by J. Philip Real Estate
Melissa,
Forget the split. 99% of nothing is nothing whenever they do not assist you turned business. Ask yourself that company is about to assist you in training as well as assist you goes along with leads as well as building your business. Whenever they assist you turned business, as well as so you”d be turnedting 50% of plenty more business. That’s important.
Focusing over recruiting is about to not assist you earn commission as for selling houses. It is a gimmick.
The older company strikes me as a more reliable option. Find an established agent who has a sales team as well as join it. Learn the ropes under that agent. induce their coffee whenever you have to. Just apprentice under a super agent as for a year or 2 till you acknowledge the business. Then you will be ready to go solo, as well as you will have created decent money to do so.
Good luck.
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Alright… I work for EXIT so I can tell you how we work. I know who long and foster is since my wife is from Potomac MD and I know they have a huge market share there, but that’s all I know about them. To answer the recruiting question, it is an additional stream of income which you can use but will never be required to do. You start off at 70/30 with NO DESK FEES which makes a huge difference as you only pay when you sell. From each deal there is a $ 185 transaction fee which is capped at 2700/year. To further understand that, other companies will have a franchise fee of 6-8% of every deal, which they take off the gross commission before it gets split between the broker and agent. So in that scenario the split is of 92-94 of the gross of EVERY deal. You pay $ 185 no matter what the commission is so its easy to figure out your NET which is the important number. Each office will be set up a bit different so you want to speak to a few of them and find your best spot to work. I could research your area for a good broker if you are interested. Again, sorry that I don’t know much about L&G but I know they are a large company in that area.
Don’t be mislead by any company on what they pitch about commissions. IT does not matter what they pay, but what you actually KEEP.
good luck.