I've been a Realtor for 30 years, so I'm being real by saying this to newer agents, don't focus on your commission split, focus on learning your skill set. KW has good training, the only downside I see with them, is that you are with so many other newer agents, so its tougher to learn by association. In my office, the skill set is very high, so the newer agents by osmosis are picking up needed skills. Plus as a mature Realtor, I'm not into working with lots of Buyers, so I give these leads to newer agents. Plus, I always have these agents do my Open Houses, so there is a great value in being with a firm that has training but also great opportunity to learn from experienced Realtors.
You did a great job breaking it down. It is a bit much but the training is phenomenal with KW and it is like working with a top notch school. So hey you want the be the best you have to work with the best
eXp Realty - $150 sign-up fee - 80/20 Split with a $16k Cap - $85 monthly fee - $25 broker fee per transaction which includes access to excellent training on its virtual campus, plus industry leading KVCore - website and CRM - Stock plan - Revenue share - plus many other benefits, including a health insurance plan. No Desk Fees, Franchise fees, Managing Broker fees There are other options for agents other than KW - Shop around.
LPT Realty has a better commission split. 100 percent. A $5000 cap. You pay $500 on your first 10 transactions. After that, a $175 transaction fee. No "sign up" fee plus other agent support services. 😀
I’m a brand new realtor and I hope you will continue to post. You are very real and clear. The information you have shared so far is so helpful. Thank you!
They're actually very competitive in their commission structure. The old model when I got in business was new agents got 50% and their brokers got another 50%. For years, I made 70% and the broker got 30%.
I'm told their training is great! They offer a lot of free classes as well as courses that are not free, but you write this off in your taxes. I'm JUST starting out at KW and have done my due diligence in choosing a brokerage. In a random Chastin Miles (look up his channel) says to focus on training and not on commission. Training is key to success! The money will come as you learn how to bring in business and honestly serve the public.
Glad I found this video ! I don’t know exactly what to do but I wanna get into being a real estate agent. KW is what keeps popping up on indeed and it seems like it could be fine. Would you recommend certainly having a job before going for this ? Any other tips in general ?!
Noah, you first need to contact the Real Estate Association in your area. You may have to take a 40 hr course depending on your state. The Association will tell you what you need for classes. There is also a state and national exam that follows the course. You have to pass the exam(s). Once you do, you will receive your salesperson license. In my state, I received it from my state's Real Estate Commission. I am a new agent and just beginning with KW. I am a substitute teacher as well. Eventually I will go into real estate full time, but for now I have consistent income coming in as I start out. Some realtors choose to work part time and work a full-time job. It's your call. It's your business that you create under a brokerage. It doesn't hurt to check it out. In my state, we have up to 2 years to pass the exam. It took me 3 times but I passed. It doesn't matter how many times you fail, you only have to succeed once!
I've been a Realtor for 30 years, so I'm being real by saying this to newer agents, don't focus on your commission split, focus on learning your skill set. KW has good training, the only downside I see with them, is that you are with so many other newer agents, so its tougher to learn by association.
In my office, the skill set is very high, so the newer agents by osmosis are picking up needed skills. Plus as a mature Realtor, I'm not into working with lots of Buyers, so I give these leads to newer agents. Plus, I always have these agents do my Open Houses, so there is a great value in being with a firm that has training but also great opportunity to learn from experienced Realtors.
Thank you for your video. I'm also in California and I just signed up with Keller Williams.
Dam 😢I just started KW school and I think I’m going with EXP when I’m done lol
Is it completely free & how are you liking the school so far
Hope all is well. I just passed in NC and look forward to the journey.
Great information very informative thanks 😊
You did a great job breaking it down. It is a bit much but the training is phenomenal with KW and it is like working with a top notch school. So hey you want the be the best you have to work with the best
Thanks for the information! How many closings do u make/how many closing do u do a month or on average?
I just started classes and Kw is paying for them im going to be a new realtor soon. Thanks for the video keep making them.
#motivation
Me too, just started my course today!
eXp Realty - $150 sign-up fee - 80/20 Split with a $16k Cap - $85 monthly fee - $25 broker fee per transaction which includes access to excellent training on its virtual campus, plus industry leading KVCore - website and CRM - Stock plan - Revenue share - plus many other benefits, including a health insurance plan. No Desk Fees, Franchise fees, Managing Broker fees
There are other options for agents other than KW - Shop around.
LPT Realty has a better commission split. 100 percent. A $5000 cap. You pay $500 on your first 10 transactions. After that, a $175 transaction fee. No "sign up" fee plus other agent support services. 😀
What is Lpt, what brokerage 😊
My agent in charlotte is trash
No new videos. Are you ok and still in RE?
Would love to speak with you about the opportunity!
I’m a brand new realtor and I hope you will continue to post. You are very real and clear. The information you have shared so far is so helpful. Thank you!
Hey girl hey!! 💜
Do you think it's worth it to work for KW? I feel like they take a too much of your commissions
They're actually very competitive in their commission structure. The old model when I got in business was new agents got 50% and their brokers got another 50%. For years, I made 70% and the broker got 30%.
I'm told their training is great! They offer a lot of free classes as well as courses that are not free, but you write this off in your taxes. I'm JUST starting out at KW and have done my due diligence in choosing a brokerage. In a random Chastin Miles (look up his channel) says to focus on training and not on commission. Training is key to success! The money will come as you learn how to bring in business and honestly serve the public.
How do you pay desk fees? Monthly? Or when you make a sale?
The brokerage you sign with helps you do All this!
I love KW for the training, but the mentorship program is a joke.
Thank you for your honesty. I really appreciate this video.
Thanks!
😎💯
Glad I found this video ! I don’t know exactly what to do but I wanna get into being a real estate agent. KW is what keeps popping up on indeed and it seems like it could be fine. Would you recommend certainly having a job before going for this ? Any other tips in general ?!
Noah, you first need to contact the Real Estate Association in your area. You may have to take a 40 hr course depending on your state. The Association will tell you what you need for classes. There is also a state and national exam that follows the course. You have to pass the exam(s). Once you do, you will receive your salesperson license. In my state, I received it from my state's Real Estate Commission. I am a new agent and just beginning with KW. I am a substitute teacher as well. Eventually I will go into real estate full time, but for now I have consistent income coming in as I start out. Some realtors choose to work part time and work a full-time job. It's your call. It's your business that you create under a brokerage. It doesn't hurt to check it out. In my state, we have up to 2 years to pass the exam. It took me 3 times but I passed. It doesn't matter how many times you fail, you only have to succeed once!
@@DraGnFly007 thank you for the reply ! Glad real estate has been working for you ! I know I can do it !