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So I recently just finished all of the requirements to obtain my real estate license and am having a hard time deciding what company is best for me. I am very interested in either Keller Williams or Re Max. Of course, each company makes their company appear the best so, I want opinions from actual employees I should say. Help !
Ditto this. Keller Williams has classes for new agents - brokers like Remax, Realm, etc. are more for seasoned agents. The first months are a shocker for new agents because they are just realizing that there is a ton of things they don't know.
I'm also a new RE agent, and I happen to be glad I didn't go with any big name brand company. I chose a broker who matches my visions as a real estate agent, and who I think does a lot for our community, and gives back whenever and wherever he can. He is very open minded, and has grown his business A LOT in the past couple of years. And I have to say that quite a few agents have come to him begging to work for his agency that are coming from other well known brands.
I would suggest to interview around, and see who feels like the best fit for you and your vision of yourself and your career. Keller Williams has lot of classes and trainings for new agents, but they are costly. So be forewarned.
I am a RE/MAX Broker-Owner. Here is a statistic that comes from NAR: 80% of all newly licensed real estate agents churn within two years. That is they change offices or leave the business. 70% of all newly licensed real estate agents who join a RE/MAX churn within two years.
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Facts are, if you are an entrepreneur and you want to go into business for yourself, but not by yourself, RE/MAX has a better retention history than the industry.
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At my office, we run about a 50% success ratio. People who understand that real estate is a business and not a career or job succeed.
Ditto this. Keller Williams has classes for new agents - brokers like Remax, Realm, etc. are more for seasoned agents. The first months are a shocker for new agents because they are just realizing that there is a ton of things they don't know.
Not always true. I have a no fee plan set up for new agents and we offer one on one mentor ship programs as well as Peak Producer, Buffini, and scores of other oppotunities no Re/Max University.
OP, you should go meet the brokers and see which is a better fit for your financially. KW is a fine company and it may very well be them but meet the local owners and and then decide. I well second Tom here that KW has a much higher failure rate than Re/Max but that is part of their model. Re/Max has incredible support systems in place but each office is individually owned so again you need to interview them.
I tell everyone who enters my office door very similar words. As Tom Ferry says about REALTORS, there are the super-rich and then there are the rest. It's not always choice, but choice always matters.
It's very difficult, from here, to push one or the other, since the offices can vary so wildly from area to area. Within Re/Max, there are better and not-so-good offices, which is also true for Keller Williams. In some towns, Re/Max rules. In others, Keller Williams blows away the competition. Also, you will find that the "flavor" of an office can change radically if there is a change in the managing broker/team leader, etc.
Nothing is permanent, so don't feel that you are making a "life-long" decision. If one doesn't work out, you can always go to the other one. Agents can be funny -- they are often willing to blame their lack of success on every other factor in the world other than the main one: They don't do the work necessary to succeed. People do not realize how hard the successful real estate agents work, and how much of an investment of time, energy and money is required in getting your business up and running -- they just see the list of closings the successful agents have and envy kicks in. Then it's something the managing broker didn't do (they can't make you sit down and do follow ups, or carve out time for lead generation), it's something the office didn't do, it's something . . . else. They go to another office, with a couple of years experience under their belt, a little wiser, a little more determined -- they might make it. And, they might not.
It's very difficult, from here, to push one or the other, since the offices can vary so wildly from area to area. Within Re/Max, there are better and not-so-good offices, which is also true for Keller Williams. In some towns, Re/Max rules. In others, Keller Williams blows away the competition. Also, you will find that the "flavor" of an office can change radically if there is a change in the managing broker/team leader, etc.
Nothing is permanent, so don't feel that you are making a "life-long" decision. If one doesn't work out, you can always go to the other one. Agents can be funny -- they are often willing to blame their lack of success on every other factor in the world other than the main one: They don't do the work necessary to succeed. People do not realize how hard the successful real estate agents work, and how much of an investment of time, energy and money is required in getting your business up and running -- they just see the list of closings the successful agents have and envy kicks in. Then it's something the managing broker didn't do (they can't make you sit down and do follow ups, or carve out time for lead generation), it's something the office didn't do, it's something . . . else. They go to another office, with a couple of years experience under their belt, a little wiser, a little more determined -- they might make it. And, they might not.
Amen!!!
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