E X I T

By
Real Estate Broker/Owner with Rosemont Financial Inc

         Exit   Owning a company called Exit, in our case Exit Family Realty, you get a lot of responses.  Now I never had a problem with the name.  I think if the name is easy to pronounce, easy to spell and easy to remember it is a great name. 

            For all of those who question why “Exit” simple it is the most advertised word in our language.  You can not go on a freeway or pike without seeing an Exit, look in your own office, the word Exit is above your door.  Next time you see a random Exit sign you with think of us. 

            My favorite question I get asked is: How do you spell it?  I say E X I T and they say that’s what I thought you said
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EXIT Realty is GROWING...not multi-level...not profit sharing

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Anonymous
Isa Alwazzan

Merry Christmas!

 

Isa

Dec 19, 2007 09:21 AM #70
Anonymous
Isa Alwazzan

10% is paid from Broker to Franchisor and it becomes fully earned fee. What Franchisor do with their earned income and paying subcontractors is independent from EXiT Brokers' disclosures. Take a seat at a 60 Minutes & Welcome to EXiT.

www.TealOverTexas.com

 

Isa

Dec 19, 2007 09:25 AM #71
Anonymous
jmorfios
I'm about to sign, but something didn't add up. In the market where i'm at, Intero is the dominate franchise and Exit is virtually dying. Why is that? When it appears that exit have more attractive benefits than your traditional real estate model? By the way, i read all your comments and it just made me scratch my head about Exit.
Dec 20, 2007 12:28 AM #72
Rainmaker
770,197
Lanre-"THE REAL ESTATE FARMER" Folayan
Keller Williams Capital Properties-Buy a home in Washington DC. Sell a home in Washington DC - Washington, DC
How much is my Washington DC House Worth?
Hey Beth. I am just here to wish you Happy Holidays. Hope you,your family and friends have a safe and blessed Merry Christmas. And If I don't comment on any of your posts this year,Have a Happy and very successful new year. Take care.
Dec 21, 2007 03:48 PM #73
Rainer
3,348
Ben Rodrigue
Exit Realty - N San Antonio - The Dove Group - San Antonio, TX
I like the strategy and the opportunity for additional income. Plus the name has sticking power. I just got my license and went with Exit. I'm excited about the future with exit! Happy New Year!
Jan 02, 2008 01:52 AM #74
Anonymous
Jennifer

My company has decided to not resign with Re/Max and go with EXIT. I started my career with Re/Max and beleive that it is for the agent unlike EXIT. I have spoken with my clients and get the same feedback- they want to know who or what is exiting. I will not be going with EXIT- I will not rely on someone else selling in order to make up the commision I will be losing by going to a 70/30split! I do beleive the concept of EXIT is for the Broker /Owner and not in the best interest of the agent. My Broker is going from 100% commision splits to 70/30. I did the math I will lose big money in this. We are all losing site of what Real Estate is- asssiting home buyers and sellers thru their Real Estate experince. This system is just like in home sales such as Partylite, Pampered Chef, Avon, etc... We are realtors first or did we forget that. I wish you all good luck in your buisness and hope that your market can with stand the "masses" becoming Realtors that are not looking to assist their community in all aspects of Real Estate but are looking for their next recruit.

I was a top Recruiter in Partlylite and decided it was time to make my own fate and not rely on what another person sold to decide my pay check.

When EXIT's regonal owner came to our office today I did not hear one word about what our clients will get in benefits. With Re/Max I can honestly say that we are a company for the client and not for the benefit of our own pocket. I am very sad to see that we have been reduced to selling ourselves and our clients out to make an extra buck. What ever happened to hard work ethic and for the people.

 The name EXIT makes me think you are on the way out and I will be sorry to see you go!

Jan 03, 2008 02:24 PM #75
Rainer
3,791
Dale Chambers
Exit Realty Professionals - Portland, OR

Jennifer, I am sorry that you personally are having to face this disruption in your life. I am sure that this is NOT the way you wanted to begin 2008.

The reason that your office ( and many others by the way) are converting to Exit, is because it is a superior business model. It is superior for the broker/owner who assumes the financial risk AND it is superior for the agent in financial benefit. That is why Exit is the fastest growing franchise in history and why Exit is on track to become the largest, most profitable real estate company in existence.

I wish you luck in your future endeavors. Your clients are fortunate to have you as an advocate!

Jan 03, 2008 08:26 PM #76
Anonymous
isa

Jennifer,

You need to EXiT Remax.....

I have 5 Re/Max agents that EXITED their RE/MaX office on their own!  Their Brokers are way high in a baloon full of hot air.......if there is a company that is all about  me me me me me me me me me it would be that baloon thing. It is a good company, but you can not defend the individualism and self absorbancy that your company is known for.

www.TealOverTexas.com

Jan 18, 2008 05:43 AM #77
Rainmaker
556,833
Delaware Junk Removal Residential And Commercial Hauling Clean Outs
Delaware Junk Removal 302-530-9186 - Wilmington, DE
Whole House Clean Outs, Basements, Garages, Attics
Left Remax and now 4 Years at EXiT and I love it!  Residuals are the best!  www.TakeTheEXiT.com 
Feb 10, 2008 10:18 AM #78
Rainer
901
Perry R. King Sr.
Exit RealtySCV - Santa Clarita, CA

Jennifer

You do not rely on someone else selling in order to make up your commission You will only be losing by going to a 70/30split, if you have no other office expenses. I do believe the concept of EXIT is for the Broker /Owner/Agents relationship the same as any other real estate office and a little more. The 10% is given by EXIT International NOT the Broker. Its not a commission. You still have to sell for your commission. We have alway been reduced to selling ourselves first just so our clients will buy, just to make us an extra buck. What ever happened to hard work, ethic, and for the people? Its still there, and EXIT training help both you and the community. And as it has been pointed out, if your recruit dose not sell, you get nothing. So you must do your for yourself and your community. I think there is a book you may like, Little Red Book of Selling, By Jeffrey Gitomer. Try it.

Perry@ExitNB.com 

Mar 30, 2008 04:50 PM #79
Rainer
357
Janet Lefowitz
Seasons housing - Dayton, WA

Hi , love the information here,

 How much are you guys earning ? How much should I expect to earn in real estate? 

Apr 12, 2008 08:14 AM #80
Rainer
3,791
Dale Chambers
Exit Realty Professionals - Portland, OR

Janet,

 Welcome to ActiveRain and perhaps to the real estate business. Your questions on earnings will have as many different answers as the number of people you ask.  It is all over the spectrum.

Some people are content with 2 - 3 deals per year and a few extra dollars in their pocket. Others make well into 7 figures (million +). If memory serves me, the NAR statistics have the "average" realtor production at 6 +/- transactions per year. But with a disciplined approach, and treating it like a "real business" one can easily produce much better results.

One of the fabulous things about the real estate business, is that it is all up to you! You can, and anyone can, make a six figure income in this business. The Exit advantages are "icing on the cake".

Are you new in the business? Just thinking about it?  Let us know where you are in the process.

 

Apr 12, 2008 02:30 PM #81
Rainer
357
Janet Lefowitz
Seasons housing - Dayton, WA

Hi Dale,

 

Thank you for your reply. My sisters have joined Exit and I am very excited about the opportunities. Mostly I want to recruit for the next year and stop working. As I understand if I recruit 10 people, that will make me 100%. So I can retire and tend to other things. What has your experience been like? Do you enjoy working at Exit? How many people do you recruit each year?

 

Thank you for your reply 

Apr 12, 2008 04:09 PM #82
Anonymous
Rudy

Janet,

 

That's not the way it works.  I was a BIC for an Exit franchise for two years.  You have to sell, and earn your commissions.  You have to do 8 transactions a year to stay Active (qualify for the 10%).  You get 7% when you  retire, then your estate gets 5%.  But, you have to keep working as well to get it.  The recruiting system is powerful, if used correctly.  I have read several posts about kickbacks and other things like that that are just from uninformed (and I dont mean that derrogitorily...only that they are assuming something that isnt true) individuals about the system.  It seems the most ill willed toward our transaction are the "profit sharing people" who keep touting that they are so many levels deep...to my uninformed opinion on that...that seems awful like a pyramid to me...I challenge agents of this company all the time to explain how their system works, and they cant.... they just say they know it works.  The problem with profit sharing in real estate is that it is based on the company performance, and then its after the owners take their share.  I know of two offices within 50 miles of my location where when it came time for profit sharing, they heard the song "nothing from nothing leaves nothing".  In fact one of the companies lost half their agents (and they were top producers) and they migrated to an EXIT office.

I know I am no longer with EXIT currently... I had a disagreement with the owner of the franchise and had to move on.  There isnt another exit office in the area.  I plan on owning an Exit Franchise in the future.

Apr 13, 2008 01:21 AM #83
Rainmaker
89,289
Dee Neal
Palmer House Properties - Alpharetta, GA
Atlanta Area Real Estate

im reading this post and it really saddens me to see negative perceptions about the best company i've ever worked for. EXIT is the third company i have worked for and by FAR the absolute BEST...had i not found EXIT, would probably be one of those newbies who quit. i think agents quit real estate in their first year because they have not been successful due to lack of proper guidance. the first two companies i worked for chopped my fees up taking 50%, plus franchise fees, and E&O and you had to pay in order to get good training. oh yeah and that thing about paying a mentor 25%+ in your first year of real estate in order to learn how to be successful was something i couldn't afford to do. WELL i came to EXIT and that all ended. 70%, no desk fees, no franchise fees, my broker does alot of marketing so just being in the office gaurantees because the phone rings off the hook AND as an added bonus, my sponsor was my mentor FREE.....a good EXIT agent will personal train and mentor their sponsorees. What's the use of sponsoring someone and leaving them high and dry? You get no residuals if your sponorees don't sell. And I beg to differ that this concept is not a good one and that my commission is based of someone else's work. ummm 10k/yr is not enough to live off.

other companies know the benefits of EXIT'S model because they are trying to duplicate it. I am seeing soooo many recruiting ads boasting residuals and no desk fees it's crazy. Recently, a REMAX broker tried to recruit me and tried to sell me on the 10% residual. i asked her if this was nationwide and she let me know this was only in her office. my response to her: wow! that's alot of tracking for a broker. you mean to tell me that REMAX corporate doesn't track these for you like EXIT corporate does for it's broker/owners. Some support. she also didn't charge desk fees but the $395 monthly charge from REMAX was not very attractive.

Apr 16, 2008 07:12 AM #84
Rainmaker
89,289
Dee Neal
Palmer House Properties - Alpharetta, GA
Atlanta Area Real Estate

im reading this post and it really saddens me to see negative perceptions about the best company i've ever worked for. EXIT is the third company i have worked for and by FAR the absolute BEST...had i not found EXIT, would probably be one of those newbies who quit. i think agents quit real estate in their first year because they have not been successful due to lack of proper guidance. the first two companies i worked for chopped my fees up taking 50%, plus franchise fees, and E&O and you had to pay in order to get good training. oh yeah and that thing about paying a mentor 25%+ in your first year of real estate in order to learn how to be successful was something i couldn't afford to do. WELL i came to EXIT and that all ended. 70%, no desk fees, no franchise fees, my broker does alot of marketing so just being in the office gaurantees because the phone rings off the hook AND as an added bonus, my sponsor was my mentor FREE.....a good EXIT agent will personal train and mentor their sponsorees. What's the use of sponsoring someone and leaving them high and dry? You get no residuals if your sponorees don't sell. And I beg to differ that this concept is not a good one and that my commission is based of someone else's work. ummm 10k/yr is not enough to live off.

other companies know the benefits of EXIT'S model because they are trying to duplicate it. I am seeing soooo many recruiting ads boasting residuals and no desk fees it's crazy. Recently, a REMAX broker tried to recruit me and tried to sell me on the 10% residual. i asked her if this was nationwide and she let me know this was only in her office. my response to her: wow! that's alot of tracking for a broker. you mean to tell me that REMAX corporate doesn't track these for you like EXIT corporate does for it's broker/owners. Some support. she also didn't charge desk fees but the $395 monthly charge from REMAX was not very attractive.

Apr 16, 2008 07:13 AM #85
Ambassador
618,937
Roland Woodworth
Q Realty - Clarksville, TN
Short Sale and Foreclosure Resource- SFR - Clarksv
Beth: It is a name I will get to know better as tomorrow will be my first day !
Apr 24, 2008 05:46 PM #86
Rainer
31,379
Carlos DeJesus
Exit Elite Realty Group - Ironbound, NJ

Exit Realty is a full service real estate company, not a discounter not an internet based company not just a recruiting company. All the negative people here need to be set straight.

Yes Exit charges annual fees $295 to all agents. How much does C-21? Charge, ReMax?,ERA?,

Yes we charge for training from the corpoarte level trainers? So do the other companies. However many brokers do their own training in house for new agents for free. As do the regional offices!!

Exit is not a multi level company, (by design) no need to go several layers deep.

MR. RomoGracie Residuals are paid out at closing, from the brokers 30%. Not from fees generated from cd's training or annual dues that is VERY important. The agent gets 70% minus fees The broker collects the other 30%.---- 20% stays in the brokerage that's the profit.---10% gets mailed to CANADA as a Company Development Fee (just like c-21 charges up to 5% or Re/Max charges 5% and ERA And ColdwellBanker and Prudential). The money is then sent back via EXIT REALTY INTERNATIONAL IN CANADA or the US to the person who sponsored the agent that generated that commission (the other companies KEEP there %'s whatever it is) Very simple and VERY legal IN ALL 50 States now. Illinois was the last state to approve this. It is legal because once the money leaves the brokerage level it is no longer considered commission monies EXIT chooses to give the money back the others apply toward there profit. Nothing wrong with that just a differant business model.

In any given office or market there are usually lots of agents that don't produce. This happens with EXIT and the other offices.

YES Exit offices Sell LOTS of real estate. In my market we have several Million dollar commision Agents. And our region sold over 2 BILLION DOLLARS+ a year since 2005 and growing in both sales volume and agent/office count. My office where i hang my license REGULARLY pays over 10K a month in residuals.

As far as the name,? Keller Williams sounds to me like SHERWIN WILLIAMS painters? RE/MAX=Re/Lapse hot air baloon? ColdwellBanker? is that a bank? Prudential? sells insurance. ERA is spanish for used to be? Centurt 21? used to sell aluminum siding in partnership with SEARS? and so on. The point is these companies spent a lot of money advertising their name to be associated with realestate. EXIT will achieve the same level of recognition. 

The EXIT system encourages the agents to produce, generous 70% split from day one. 10% residuals from everyone you sponsor, to maintain the 10% level you must generate 8 closed transactions or 40k a year. So the myth that everyone only wants to recruit is misleading, recruiting active producing agents is the key.

How much does your company pay you to recruit for them. Have you ever brought anyone to your company? Why not don't you like it there?

Make more than 100% is very simple to understand,  1.start with what you personally make a year selling Real-Estate 2.recruit agents that will generate the maximum return for you (up to 10k each) 3. recruit until you have matched your personal production 4. sit back and collect your checks. Is it hard to do? sure it is, but it is being done by lots of people in the system today!!!

We have lots of people making 50k 75k even 500k a year in residuals a year I KNOW I RECRUITED SOME OF THEM!!!!!

Finally, not all offices are equal there are bad EXIT brokers that don't follow the system, just like there are bad offices in other franchise systems!!

Any questions call me i live work and sell in NJ and have been with EXIT since 2000. I am the VP of EXIT REALTY OF NJ & CT. Let me know if you want to buy a franchise and get the FACTS NOT THE BULLSHIT SOME UN-INFORMED FOLKS HERE WANT YOU TO BELIEVE. 

 

Jun 03, 2008 05:24 PM #87
Anonymous
Beverly

I have been in real estate for 30 yrs. I have been with RE/Max and Keller Wuilliams and now Exit..RE/Max is $387 a year plus $975 a month on a 97.5% commission split. Keller Williams is like Exit...They are all the same, when you sell real estate, you have to be a top producer or you will go broke..Many misconceptions about real estate

Jul 05, 2009 03:50 PM #88
Anonymous
divone

Any updates on how everyone is doing at Exit Realty?

 

I almost joined but wasn't sure. How is everyone doing at Exit?

Oct 26, 2009 09:28 AM #89
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Beth Bastian

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