5,253,385
For me, and I'm speaking for me only:
- I prefer to have on-site staff and a marketing team available.
- I love having a Title company in my office that do Title searches for our agents at no cost.
- Having an innovative high tech brokerage who constantly challenges agents to be the best we can be - for both our clients and for us.
- Having a broker with impeccable ethics and integrity that sets the bar for office culture - being there for any of his agents, any time, day or night.
- Having the most recognized real estate brand in the WORLD (RE/MAX)
I've worked on the other side of transactions with agents from all types of brokers. My brokerage works for me and I pay a nominal split to have all of that and more. For me, leaving for a 100% brokerage would be committing business suicide!
-
Melissa Jackson REALTOR
Azle, TX
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
John Pusa
Glendale, CA
-
Carol Williams
Wenatchee, WA
-
David Gibson CNE, 719-...
Colorado Springs, CO
-
John Juarez
Fremont, CA
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Pete Xavier
Pacific Palisades, CA
-
Lyn Sims
Schaumburg, IL
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Karen Climer
Orlando, FL
-
Nina Hollander, Broker
Charlotte, NC
-
Richard Weeks
Dallas, TX
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Mel Ahrens, MBA, Kelly...
Hood River, OR
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Bob Crane
Stevens Point, WI
469,510
And how many top level players in any game are playing at a high level without support.......? Not many, and it doesn't matter what the game is.
And I'm not sure if you are talking about flat fee offices (you know pay $1,200 to $1,800/mo or whatever regardless of how much biz one does) or the virtual offices with low $100 or $200/mo work from home kind of thing. But for me, it is the group, models, mentoring, coaching/accountability etc that helps one reach heights they probably won't reach on their own.
-
Melissa Jackson REALTOR
Azle, TX
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Carol Williams
Wenatchee, WA
-
John Juarez
Fremont, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Lyn Sims
Schaumburg, IL
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Karen Climer
Orlando, FL
-
Nina Hollander, Broker
Charlotte, NC
-
Carla Freund
Raleigh, NC
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Mel Ahrens, MBA, Kelly...
Hood River, OR
-
Bob Crane
Stevens Point, WI
6,416,949
A good brokerage offers so much more than a place to hang your license, something we are very appreciative of at KW.
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Pete Xavier
Pacific Palisades, CA
-
John Juarez
Fremont, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Karen Climer
Orlando, FL
-
Nina Hollander, Broker
Charlotte, NC
-
Carla Freund
Raleigh, NC
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Mel Ahrens, MBA, Kelly...
Hood River, OR
-
Bob Crane
Stevens Point, WI
-
Dan & Laurie Pittsenba...
Bellingham, WA
5,772,575
!00% is one way to lure people in. It is never 100%. There. are expenses involved...
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Mimi Foster
Colorado Springs, CO
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Bob Crane
Stevens Point, WI
-
Carol Williams
Wenatchee, WA
-
John Juarez
Fremont, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Karen Climer
Orlando, FL
-
Nina Hollander, Broker
Charlotte, NC
-
Carla Freund
Raleigh, NC
1,322,529
Reasons are many and varied.
Brokers...even 100% commission brokers...have to make money to stay in business. If they give away 100% of the commission, where do they get the money to pay for overhead and profit for the brokerage?
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Mimi Foster
Colorado Springs, CO
-
Pete Xavier
Pacific Palisades, CA
-
Carol Williams
Wenatchee, WA
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Carla Freund
Raleigh, NC
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Bob Crane
Stevens Point, WI
-
Dan & Laurie Pittsenba...
Bellingham, WA
1,092,947
Everyone will probably have a different answer on this but I think 100% brokerages appeal to certain people and not to others. Commission is just one of many things that I consider when deciding if I want to go to a different brokerage. For me, it's not all about the Benjamins.
-
Bob Crane
Stevens Point, WI
-
Carol Williams
Wenatchee, WA
-
John Juarez
Fremont, CA
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Karen Climer
Orlando, FL
-
Nina Hollander, Broker
Charlotte, NC
-
Carla Freund
Raleigh, NC
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Mel Ahrens, MBA, Kelly...
Hood River, OR
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Debe Maxwell, CRS
Charlotte, NC
906,087
There are several reasons for me. First, I rarely have to even speak with our Broker in Charge. So, it isn't just about the broker.
1) Office - I love having a state of the art beautiful office to meet clients in. Yes, I could open an office and do this but, why do I want to spend my time doing those task?
2) Staff/Leverage - We have an amazing leadership team who supports our agents. Our Team Leader runs the office which is different than traditional brokerages. She offers coaching, holds meetings to keep us up to date on important details, keeps the office motivated and positive among many other things. I'm amazing at how organized she is. If I miss a week in the office she always calls to check on me. We have coffee a few times a year for a one on one. She's a huge support to us. We have a front desk person called Director of First Impressions. He not only does what you'd expect someone to do such as take in checks from other agents, distrubute mail & packages, answers calls, keeps the office nice, etc but, he is also transforming into our Technology officer. We have someone who is Director of Agent Services. She does so much for us as agents from marketing, overseeing training for all levels (you never stop learning), training, and supporting our team leader. We have 2 Market Center Administrators who process our checks so we get paid and run the office financials to make sure everything is paid. We have a productivity coach and coaching staff who coaches new agents. Then there is our Broker. She's available when we need her.
3) Time - there are many other things I'd need to do myself if our staff didn't take care of these things. I do run a business within a business. Our office takes care of a lot of little details I'd rather not think about.
4) Camaraderie/Collaboration with other top agents - We have a very large office with a family feel. Some of the top agents from the area are in my office. We're big on collaborating on our business and helping one another. Our culture is bar none. We support one another as friends and colleagues.
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Tom Bailey
Oak Island, NC
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Bob Crane
Stevens Point, WI
-
Carol Williams
Wenatchee, WA
-
John Juarez
Fremont, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Karen Climer
Orlando, FL
-
Nina Hollander, Broker
Charlotte, NC
3,138,180
Having the support of a broker is priceless, especially when professionally stretched and consistent training will help keep an agent in business. 100% is not quite 100%...
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Bob Crane
Stevens Point, WI
-
Carol Williams
Wenatchee, WA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Bob "RealMan" Timm
Minot, ND
-
John Juarez
Fremont, CA
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Pete Xavier
Pacific Palisades, CA
4,582,018
Just as there are many business models in real estate, the "uniqueness" of people is even greater. True even for "anonymous" .
-
John Pusa
Glendale, CA
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Bob Crane
Stevens Point, WI
-
Carol Williams
Wenatchee, WA
-
John Juarez
Fremont, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Lyn Sims
Schaumburg, IL
-
Bob "RealMan" Timm
Minot, ND
-
Pete Xavier
Pacific Palisades, CA
5,112,256
There are many other reasons to be with a brokerage than the commission split.
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Bob Crane
Stevens Point, WI
-
Brenda Mayette
Glenville, NY
-
John Juarez
Fremont, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Karen Climer
Orlando, FL
-
Pete Xavier
Pacific Palisades, CA
5,238,294
Income can be 100% of the pie. Expense are then deducted in a different way. That is why there are different business models. Different strokes for different folks!
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Bob Crane
Stevens Point, WI
-
Carol Williams
Wenatchee, WA
-
John Juarez
Fremont, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Carla Freund
Raleigh, NC
2,399,653
Being older and seasoned doesn't mean they are high volume and you need to be high volume for the 100% plan because of the hidden fees involved with 100% commission.
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Bob Crane
Stevens Point, WI
-
Carol Williams
Wenatchee, WA
-
Candice A. Donofrio
Fort Mohave, AZ
-
John Juarez
Fremont, CA
-
Michael Jacobs
Pasadena, CA
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Lyn Sims
Schaumburg, IL
-
Pete Xavier
Pacific Palisades, CA
956,052
Because most seasoned agents understand the concept of "effective value added support" for their own business goals.
And "100% commission" is not really 100% commission, but that wouldn't be the only issue to consider...(Not knocking all the "100% commission" brokerages, I had worked with an exceptional one that had several offices, outstanding support, and was dominant in my local area).
Consider this, most of the heavy hitters (who are seasoned & knowledgeable) are not with a "100% commission" brokerage.
-
John Pusa
Glendale, CA
-
Bob Crane
Stevens Point, WI
-
John Juarez
Fremont, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Karen Climer
Orlando, FL
-
Nina Hollander, Broker
Charlotte, NC
1,201,302
There are many reasons. It's not just having no split, which is never the case since the 100% agent bears all the expenses. At our KW office, we can earn our way to 100% BUT as I stated it's not always about the split
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Pete Xavier
Pacific Palisades, CA
-
Bob Crane
Stevens Point, WI
-
Carol Williams
Wenatchee, WA
-
Bob "RealMan" Timm
Minot, ND
-
John Juarez
Fremont, CA
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
1,056,117
I do have 100% brokerage. Mine! And I pay the fees needed to run my business.
Some 'seasoned agents' have been so resistant to the rapid changes in our industry, their experience isn't applicable or even accessible present day.
-
Mimi Foster
Colorado Springs, CO
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Bob Crane
Stevens Point, WI
-
Carol Williams
Wenatchee, WA
-
Bob "RealMan" Timm
Minot, ND
-
John Juarez
Fremont, CA
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
902,038
There may be other costs at those brokerages and some agents may prefer to be associated with a local or regional brokerage, or have the support that a large one offers.
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
-
Carol Williams
Wenatchee, WA
-
John Juarez
Fremont, CA
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
4,900,535
Because where an agent chooses to hang their license is a personal decision. Splits are just one consideration.
-
Bob Crane
Stevens Point, WI
-
John Juarez
Fremont, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Karen Climer
Orlando, FL
-
Nina Hollander, Broker
Charlotte, NC
921,504
It is very possible you are not fully aware of what a 100% commission brokerage is. It IS NOT A FREE RIDE.
Regular support from the broker? Doesn't happen. It is always delegated to someone who finds teaching a default to achieving. As a matter of fact some brokers are so negligent they charge the agent if the broker is required to issue a commission check. Now, isn't that the only remaining vestige of broker responsibility remaining?
The brokerage you may have greater interest in are those who give safe harbor to dangerous agents, those brokerages that charge only for the transaction. An agent can do one or two transactions a decade and remain active. Yes, the seasoned agent may be a part of this brokerage and leverage the low cost of membership.
Why don't seasoned agents jump ship? FEAR.
Be aware, there exists a very prevalent and illegal process in real estate that looks like a brokerage within a brokerage. Being able to operate within the deliberate obfuscation of responsibilities is attractive to agents who seek protection under this arrangement. Major brokerages support this business model
-
Candice A. Donofrio
Fort Mohave, AZ
-
Brenda Mayette
Glenville, NY
-
Bob "RealMan" Timm
Minot, ND
-
John Juarez
Fremont, CA
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
1,846,861
How do you know they aren't there? Possibly their office offers that?
Every office needs a knowledgeable broker or it turns into a sink hole.
-
Bob Crane
Stevens Point, WI
-
Carol Williams
Wenatchee, WA
-
Bob "RealMan" Timm
Minot, ND
-
John Juarez
Fremont, CA
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
510,464
I have worked for both types of agencies. It really depends on what you want and need from your brokerage.
Personally, I prefer to manage my own transactions and I do not want to answer, "How many leads did you contact today?" or "Why did you choose title company B instead of A?", etc.
I currently work for a 100% company, but I still get great broker support. I speak one on one with my broker often. Even if it just to use her as a sounding board.
It all depends on what you need to succeed. There is no one right answer.
-
Ron Tissier
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Pete Xavier
Pacific Palisades, CA
-
Bob Crane
Stevens Point, WI
-
Carol Williams
Wenatchee, WA
-
Michael Jacobs
Pasadena, CA
1,205,973
All that glitters is not gold. The devil is in the details. Is truely a 100% brokerage? What are the hidden fee's? What happens when the stuff hits the fan?
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
-
Peter Mohylsky, Beach ...
Miramar Beach, FL
1,241,754
No such thing as 100% commission.... Broker needs someone to pay for office. Sorry.
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Pete Xavier
Pacific Palisades, CA
-
Bob Crane
Stevens Point, WI
852,862
If something sounds too good to be true, it usually is...
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Pete Xavier
Pacific Palisades, CA
-
Bob Crane
Stevens Point, WI
7,862,428
That decision is based on individual preferences.
Personally, I was successful with a 100% arrangement.
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
2,221,377
.
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
4,175,640
Many good responses!
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Pete Xavier
Pacific Palisades, CA
613,494
Many seasoned agent are NOT knowledgeable...they only seem knowledgable when you are green.
At one time I thought my broker was someone who knew everything...when I got educated I realized how little he knew.
I have been in this business for almost 30 years and I still learn...daily. This business is not stagnant, things change, rules change, and laws change...only someone who puts out the effort to learn will become knowledgable enough to start their own business...even then you do not get to keep 100%.
Eve
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Margaret Rome Baltimor...
Pikesville, MD
1,505,903
100% brokerages are great, but there is usually a good monthly fee involved. Broker has to get paid somehow...
Not every seasoned or knowledgeable agent is comfortable operating in that environment. It's similar to the question "Why don't they just get a Broker's license and run their own company?"
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Mimi Foster
Colorado Springs, CO
3,349,239
You will need to ask them.
-
Michael Jacobs
Pasadena, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
16,946
There are some great answers here!
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Pete Xavier
Pacific Palisades, CA
231,948
I agree with Peter Mohylsky : "All that glitters is not gold. The devil is in the details. Is truely a 100% brokerage? What are the hidden fee's? What happens when the stuff hits the fan? " and also with Brenda Mayette : "If something sounds too good to be true, it usually is...".
Personally, I function better to go to an office where I can go and hang out by the water cooler, ask questions and feel that I'm a part of a successful team.
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Peter Mohylsky, Beach ...
Miramar Beach, FL
2,784,416
Fair Question
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
-
Michael Jacobs
Pasadena, CA
22,050
Thank you for the great answers and feedback!
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
631,608
It's never 100%. There is always a fee structure. I like having support
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
2,071,025
536,943
Some brokerages support the agent in many ways. If it is working for you, staying verses starting over is something to consider.
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
1,712,776
Inappropriate question.
-
Michael Jacobs
Pasadena, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
5,583,328
money isn't everything....maybe they like the environment and the people treat them fairly..... they don't need to hide their work....
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
1,598,452
Well, who does not need support from the broker?!
You must be kidding.
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
321,564
I'm jumping back into business after a couple years very part time. Had a job with local builder. This question I thought about myself as I research offices. It's a personal choice. Some agents feel comfortable working alone at 100% broker. Sounds good. They still have cost of business. Either way they will incur expenses.
I've seen them come & go.
Other agents prefer the culture and support of a more traditional office.
-
Debe Maxwell, CRS
Charlotte, NC
3,627,072
340,353
My brokerage absorbs a lot of costs up front that isn't covered by 100% commission firms. The 100% commission firms don't have the culture and environment that I have in my firm (and neither do most other firms for that matter regardless of commission structures). Things can go wrong in a deal- even for experienced agents- and lawsuits are common (at least in NYC they are), my firm will work with us (assuming we didn't break the law or do anything unethical) to support us in the process- you won't get that same level of support in 100% commission firms.
5,877,189
I do believe you never know everything, and there are times you need advice, but have fellow broker/owners that help.
4,959,219