As a new real estate agent, you’re looking for a company that can provide you with the best tools and resources to help you succeed in your career. With so many different real estate companies, knowing which is the best fit for you can be challenging. Let’s discuss what to look for in a real estate business for new agents, the benefits of finding the best real estate broker for new agents, and the best real estate brokerage to work for overall.
What to look for in a real estate broker for newly licensed agents
When looking for a real estate business to join, consider the company’s reputation, training and support resources, commission structure, and culture. It’s also important to consider the company’s size as well as its level of technology. Just because you have a real estate license does not mean that you understand the real estate business.
The reputation of the real estate brokers is something to consider because you want to ensure that you’re working for a company with a good track record that can provide you with the best possible support. Training and support resources are factors because you want to ensure you have the best opportunity to learn and grow. The commission structure of the real estate broker is something to consider because you want to ensure that you’re getting the best possible compensation for your work. Lastly, company culture is a point to look at because you want to understand that you’re working in an environment that will help you succeed.
The benefits of finding the best real estate brokerage company for new agents
Finding the best real estate brokerage for new agents is vital for many reasons:
- New agents need access to the best possible resources and support to help them succeed in their careers. A good company will offer comprehensive training resources, a generous commission structure, and a positive company culture.
- It will have a vast network of seasoned agents that can provide advice and mentorship.
- An excellent real estate brokerage company will offer a variety of career paths and opportunities for growth.
The Importance of Training to New Real Estate Agents
When evaluating real estate companies, it’s important to consider their training and support resources. Training is essential for new real estate agents as it helps them to gain the knowledge and skills necessary to succeed in their careers. An excellent real estate company will provide new agents with comprehensive training and support resources, including classroom and online training, mentorship programs, and access to experienced agents. Additionally, a real estate company will offer a variety of career paths to new agents, such as residential, commercial, or international real estate.
The Important of Company Culture to New Agents
Company culture is also a deciding factor to consider when evaluating real estate companies. A good company culture provides a supportive and encouraging environment to new agents. New agents must feel comfortable in their company and have access to the resources and support needed to succeed. A good company culture will also encourage collaboration and offer growth opportunities.
The Importance of Having an Office You Can Go To
Another factor to consider when evaluating real estate companies is the presence of an office. An office provides a physical space where agents can meet with clients, collaborate with colleagues, and access resources. Additionally, an office offers agents a sense of community and camaraderie. An office also benefits new agents by giving them access to associates who can provide advice and mentorship.
The Importance of Having Growth Potential in Your Career
Lastly, what is the growth potential that a real estate company provides? A solid real estate company will offer a variety of career paths for new agents, such as residential, commercial, or international real estate. Additionally, a growing and supportive real estate company will provide mentorship programs and access to experienced agents to help new agents develop their skills and careers.
Criteria for Evaluating Real Estate Companies
When evaluating real estate companies, consider the following criteria:
- Reputation: Does the company have a good track record and provide the best possible support?
- Training and Support Resources: Does the company offer comprehensive training and support resources to new agents?
- Commission Structure: Does the company offer a generous commission structure?
- Company Culture: Does the company furnish a positive and supportive environment?
- Size and Technology: Does the company have a vast network of Realtors, and do they use the latest technology?
National Companies vs. Local Brokerages
Consider whether you’d prefer to work for a national company or a local brokerage when evaluating real estate companies. National companies typically have a larger pool of veteran agents and access to the latest technology. Additionally, national companies often offer comprehensive training and support resources, generous commission structures, and a variety of career paths. On the other hand, local brokerages tend to be more personal and provide a more intimate environment.
Pros of Working for a National Company
One of the key benefits of working for a national company is access to a more extensive network of experienced agents. National companies typically have a more significant number of professional agents who can offer advice and mentorship to new agents. Additionally, national companies often offer comprehensive training and support resources, generous commission structures, and a variety of career paths.
KELLER WILLIAMS: THE TOP REAL ESTATE COMPANY FOR NEW AGENTS
A decade ago, you likely saw the red Keller Williams yard signs in front of properties and assumed they were a small-town realty company. But the history of Keller Williams Realty, now one of the largest real estate companies globally, is remarkable.
Austin, Texas. The year is 1983.
Real estate agents Joe Williams and Gary Keller decide to join forces and create their own real estate office, amassing a local record 72 agents within two years. The company’s steady expansion across the U.S. began in 1993, with Keller Williams becoming the sixth-largest national real estate company by 1997.
The continuous growth led Keller Williams to where the company is today:
- 180,000+ agents
- 900+ Market Centers globally,
- 29+ countries represented
- $67+ billion in sales in 2016 alone
- #1 happiest company to work for (2018)
From an outsider’s perspective, Keller Williams has much to offer any agent. Yet, the list above only scraps the surface of what makes this groundbreaking real estate company the ideal choice for brand-new Realtors.
WHY NEW AGENTS LOVE KELLER WILLIAMS
Nearly every successful real estate agent will talk about their brokerage as if it’s the best thing since sliced bread. But that’s easy to say when you’re the top-grossing agent in your office, and nearly 100% of your business comes from referrals.
It’s much harder for a real estate company to take a new agent with no industry knowledge and mold them into a real estate professional. That’s precisely what Keller Williams does with brand-new agents!
Let’s review the Keller Williams training structure that nurtures new agent success.
#1 TRAINING ORGANIZATION
Congratulations on completing your pre-licensing education and passing your state’s real estate exam! Now, for the bad news, neither of these two monumental accomplishments will play a significant role in your success as an agent.
ENTER THE KELLER WILLIAMS IGNITE PROGRAM
The pros created the Ignite training program within Keller Williams University. The program aims to take new agents and catapult them toward success practically immediately, highlighting the industry’s fundamentals and nurturing the skills they don’t teach you in real estate school, lead generation, scripts, and keeping track of your contacts.
Within a month of hands-on training through Ignite, new agents can learn how to:
- Generate leads from all vantage points
- Take the initiative to learn more and grow their business
- Set reasonable financial and career goals
- Develop a consistent lead funnel
- Create and memorize scripts to ensure new leads and clients
- Plan out daily and weekly schedules to ensure success
The fact is that nearly every big-name real estate company has a new agent training for those that just received their real estate license, but they are less extensive than Keller Williams’. This program allows you to push aside the norms of getting your first listing within six months and help you get your real estate career off on the right foot from the get-go.
Here’s a video giving you somewhat of an introduction to the Ignite program:
MARKETING AND TECHNOLOGY TOOLS
All real estate agents need buyers or sellers to stay in business. Yet, what you do with these relationships ultimately determines your financial success as a new agent. Fortunately, Keller Williams highlights the marketing and tech tools needed to ensure productivity.
And frankly, the professional development is unparalleled.
Just take a quick look at all the tech and marketing tools this company offers:
- A lead generation tool
- A guarantee that all leads from your listings go to you
- Google integration to collaborate with your clients
- Ability to track and better nurture your leads
- Professionally-made marketing videos
For brand-new agents, these benefits will turn an average agent into an extraordinary agent. These supports allow you to market your new business best to attract clients, maintain positive relationships with all leads, and ensure future business at all costs.
You don’t have to go into a brand new real estate career “winging it” and hoping you understand both Facebook and Google algorithms. Instead, use the tried and true methods that your fellow Keller Williams agents use to keep their careers excelling from year to year!
Keller Williams creates all the support to guarantee that new agents experience success within their first few months and years. Yet, the company culture for new and mega agents is why most agents choose KW and stay with KW.
The term “company culture” can mean anything, so take a look at what we mean:
- A family-like atmosphere in the Market Center
- A profit share system that reinvests in its agents
- A desire for everyone to win and succeed, including agents and brokers
- A company that gives back to the local and national community
Earning money through real estate is nice when you’re looking to pay your bills and keep up-to-date on your mortgage payments. However, feeling like you truly belong in your Market Center and appreciate your KW franchise’s role in the local community is enough to get you to stay without false promises of stock options.
Keller Williams is an excellent real estate company if you like everyone on the team to succeed.
100% BASED COMMISSION STRUCTURE
As a new agent, you probably assume that you’ll have to settle for a 50/50 commission split and that 100% commission structure is years later. However, becoming a real estate agent with Keller Williams and generating sales will guarantee more money in your pocket.
Here’s how that works.
When you start your real estate business with Keller Williams, you’ll begin on a 64/30/6 split.
For reference, that’s already far more than other big-name brokers offer. 50/50 is what many agents settle for during their first year. The 64% goes to you, and you can eventually earn a 100% commission split when you reach your cap for the KWRI franchise fee (6%) and the Market Center fee (30%). (Notice there is no mention of an ongoing desk fee like other real estate brands charge.)
Combined with the Ignite training that’ll catapult your career toward success, there’s a chance that you’ll be earning 100% of the commissions you generate by July or August. Why choose another brokerage that takes more of your money without any additional benefits?
Here’s a video explaining the Keller Williams commission structure:
Other National Real Estate Companies to Consider
While Keller Williams is an excellent choice for new agents, there are a few other national real estate companies to consider. Remax is a solid choice for veteran agents, while Coldwell Banker is a good choice for those who want to focus on company branding. Finally, eXp Realty is a good choice for those looking to work remotely.
Remax is a solid choice for traditional real estate agents with many years of experience. The company has a roster of agents with ten-plus years of experience and provides comprehensive training and support resources for those agents. Remax has a generous commission structure and nurturing company culture. They offer the perfect platform to kickstart an established agent’s journey toward success. Benefit from their wide range of support resources, including comprehensive training designed to take you further in achieving your goals!
Remax is one of the best real estate companies for experienced and knowledgeable agents who deeply understand the real estate business. Remax’s focus is designed to ensure that customers receive the most valuable advice from reliable professionals. This makes it an attractive option for agents looking to join a company with a long-standing reputation in the industry. However, this focus on seasoned agents may deter new agents who are just starting. With no training or mentorship opportunities, new agents might find it difficult to break into the business. Therefore, those looking to enter the real estate industry may want to consider other options to help them get started. Still, there may be better choices for new agents trying to gain experience in the field.
Coldwell Banker is a traditional company focused on company branding and not necessarily on new agents. The company offers comprehensive training and support resources, but the commission structure is not as generous as other national companies. Additionally, the Coldwell Banker company culture is not as positive or supportive as other national companies depending on the office that you are in.
eXp Realty is a good choice for those looking to work in a virtual brokerage environment. The company offers a basic training and support system and a traditional commission structure. However, the eXp realty company culture is not as supportive as other national companies, and new real estate eXp realty agents may get lost in the clouds.
What should new real estate agents do in the first 30 days?
The first 30 days can be overwhelming for a new real estate agent. The best way to get started is to familiarize yourself with the industry standards and laws surrounding real estate transactions. It would be best if you also created a marketing plan outlining how to reach potential clients and promote your services.
Best Real Estate Practices – Networking
It is an excellent idea for you to build a network of colleagues and professionals in the real estate industry, as they can offer valuable advice and resources. To ensure success, you should be proactive and ask questions to gain an understanding of the current real estate market.
Keeping up with industry news and trends as a real estate agent is also essential for staying ahead of the competition. Finally, it is important to remember that success in real estate takes time and dedication; however, staying focused on your goals during the first 30 days can help set you up for long-term success.
Finding the best real estate company to join as a new agent is an important task. It’s in your best interest to consider a company’s reputation, training and support resources, commission structure, and culture. Additionally, consider the size and technology of the company and whether you’d prefer to work for a national company or a local brokerage. In terms of finding the best real estate companies to work for, Keller Williams Realty is an excellent choice. The company offers comprehensive training and support resources, a generous commission structure, and a positive company culture. Additionally, Keller Williams has a number of top-producing agents who can offer advice and mentorship. Lastly, Keller Williams offers a variety of career paths and opportunities for growth.
When evaluating real estate companies, think about what is best for you and your career as a new agent and which company will be the best fit. For several reasons, Keller Williams is that company. With the help of this blog, you should have a better understanding of what to look for in a company for new agents and the best real estate companies to work for overall.