WHY EXIT?

By
Real Estate Agent with RG Realty Inc 598229

A Sensational Idea Whose Time Has Come  EXIT Realty is a place where Agents can actually build an exciting and profitable business and not just work in one. Everyone shares in the benefits of helping to build the corporation. Through sponsoring, you do the work once, and get paid over and over for as long as you and the people you sponsored remain with EXIT, providing you with a far greater return on your invested time.  Visit us at our new office in Smithsburg

WWW.ROBERTOSHOMES.COM

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Rainer
131,764
Randal Keberlein
Weichert Realtors, Precision - Kenosha, WI
Good luck, sounds like Keller Williams.
Mar 30, 2007 04:58 PM #1
Rainmaker
94,083
Roger Stensland
The Cascade Team Real Estate - Maple Valley, WA
Let's Move!
That sounds like your typical multi level marketing plan.  I've done a few of them and though thay are ok for the right people, they aren't for everyone.  I'll pass.
Mar 30, 2007 05:00 PM #2
Ambassador
779,086
Brad Andersohn
Director of Education & Industry Outreach at eXp Realty & RE Tech Campus - Fairfield, CA
ActiveBrad - 707.646.1876
Sounds like an Exit Plan! :-)
Mar 30, 2007 05:03 PM #3
Rainmaker
244,254
Roberto Gonzalez
RG Realty Inc - Hagerstown, MD
Hagerstown Commercial Real Estate

My Dear Friend!!  this is not a multi level pyramid or anything like it!!  if you read carefully you'll see that is a single level residual and it is paid by EXIT INTERNATIONAL, I do not know of any pyramid that last  10 years and keep growing every single day!!!!!

  Sound too good to be true?  Well, it's not!  Since 2000, EXIT has paid out more than $49,000,000 in sponsoring bonuses to agents -- money that you are missing out on if you're not with EXIT today! You don't need a slide rule to figure out your bonuses at EXIT.

Mar 30, 2007 05:16 PM #4
Rainer
13,992
Keith Zimmer
RE/MAX Results - Saint Louis, MO
I can get the same thing were my bill is reduced each month another agent I bring in is at or office.  The last one I got 100 days to greatness on top.  Oh ya did I mention I kepp 100% of my commission.  I have done the number and would have to recruit almost full time to break even to were I am now.
Mar 30, 2007 05:26 PM #5
Rainmaker
244,254
Roberto Gonzalez
RG Realty Inc - Hagerstown, MD
Hagerstown Commercial Real Estate

Well my friend, if you have to spend so much time recruiting and just breaking even!!!  It is something wrong, I have been in real estate business only 2 years ,  and I have been doing fabulous, not only I have been selling real estate , but I have recruit several agents in to the company,  the formula it is great and work perfect!!!!   So much that I just open my own EXIT franchise!   Is nothing better out there?

I talk to a lot of agents.  It is really interesting to see their faces when I tell them that they will receive a 70/30 split on their commissions from day one, then a 90/10 split for the rest of the year, once they pass $100,000 in gross commissions for that year -- all with no desk fees.  No new agent comes into EXIT unless they are sponsored in by another person already in the company.  Agents who sponsor in new agents receive a sponsoring bonus equal to 10% of the gross commissions earned by every sponsoree, up to $10,000 per year, per agent recruited, for as long as both of them are still with EXIT. These funds come out of company monies, without affecting the agent's 70%. There is no limit to the number of new agents you can sponsor in, and you can sponsor agents into any of the nearly 700 EXIT offices in North America.  We even share your advertising costs!  You can see their reaction in their faces without even hearing their words.  Some are thinking, "The broker can't make money at that rate, EXIT will surely fold soon!"  The reality is that EXIT brokers make a reasonable profit; most agents are used to working under brokers who make a outlandish profit so our margins seem small by comparison.   Other agents are thinking "I like it where I am, it is safe and secure, I like my broker and the other agents I work with."  To that I reply, "That's great, we only want to recruit agents who are happy and agreeable people!"  It is an absolute fact that you will earn more and keep more of your earnings with EXIT.

Mar 30, 2007 05:46 PM #6
Rainmaker
165,541
Mary Pope-Handy
Sereno Group Real Estate - Los Gatos, CA
CRS, CIPS, ABR, SRES, Silicon Valley
Sounds exactly like KW to me. The name doesn't sound like anyone is going to stick around. Doesn't this make clients nervous? Seriously. I can't see the name.
Mar 30, 2007 06:08 PM #7
Rainmaker
244,254
Roberto Gonzalez
RG Realty Inc - Hagerstown, MD
Hagerstown Commercial Real Estate

By Realtor Magazine Steve Morris  founder of Exit was named one of  Real Estate's 25 Most Influential Thought Leaders:

- EXIT NAMED #1 NEW NATIONAL REAL ESTATE FRANCHISE BRAND -   we here to stay!!!!!

 

http://www.exitrealty.com/maps/RegionMap_US.cfm

Mar 30, 2007 06:30 PM #8
Anonymous
RomoGracie

Unfortunately, Exit Realty seems to fit the marketing methodology of many MLM's, eg Amway, to the cue. 

There are a lot of company rallies, a lot of training DVD's, there is even a positive affirmation CD. And you are told to avoid negative people and think positive. These are all red flags that MLM's and Amway type schemes uses.

 Of course Exit Realty might be the exception. I hope it is, but in the recruitment video, Steve Morris emphasized that what Exit Realty doing is not illegal. I am not aware of any legitimate business's recruitment videos emphasize that they are not illegal.

 Still those are speculative issues. There is peer reviewed source for that $49million paid out as residuals. If that was the case, since it's 10% of transactions commissions, that would mean that there was $490 million in commissions generated. At 3% average commissions rate for real estate commissions, that would mean a $16 billion worth of homes sold by Exit Agents. With the average price of homes around $200,000 - $300,000, that would mean 50,000 to 80,000 homes sold by Exit agents in 2000. Now Exit claims to have sold 500-1000 franchises, http://www.exitatlascruces.com/index.php?page_id=213 , this year. So let's say there were 500 franchises 7 years ago in 2000. That would mean each franchise sold 100-160 homes in just 2000.

 I, personally, am not aware of any single franchise that has 100 real listings. Total listings that they have to show people, let alone actually sell (I have seen exit franchises that puts a lot of fake listings and/or steal other company's listings). 100-160 homes sold per franchise in 2000. that's 1 home sold every 2-3 days. 

I am not sure then if I should trust that $49million paid out bonuses figure. 

And where did Exit Realty Corp get $49million to pay out when they make only $150 per transaction fees? Where did they get $49million as they claim to be able to pay out to recruits? What kind of business is able to generate at least $49million when they lose 10% on every transaction?

 The only solution I can think of is that most agents pay the annual membership fees, training videos, dvd's , rallies , and never sell a single home. So sustainability of Exit Realty strongly depends on high failure rate of new recruits. And a large large number of new recruits at that. And that is why the huge income potential(tho unrealistic) is emphasized, while the risk of losing $300-$1000 the first year and never surviving in the business is completely downplayed if not out right ignored. 

 I don't know, I hope I am wrong in my analysis but this is what I can deduce from what Exit Realty itself is saying. 

I apologize if i come across as overly negative but this is the conclusion I come away with from the evidences that Exit Realty has presented. Good luck all.      

Apr 02, 2007 06:00 PM #9
Anonymous
RomoGracie
sorry, replace 'There is peer reviewed source for that $49million paid out as res...' with 'Is there a peer reviewed source .... ? '
Apr 02, 2007 06:05 PM #10
Rainer
12,989
Paul Griffin
EXiT Realty of Missoula Montana - Missoula, MT

Seems like I see you in about every EXiT blog on AR Romo?  Got a chip on your shoulder or are you just trying desperately to save a brokerage you feel some kind of mistaken connection with?  -  No offense intended here, just an observation...  I just can't figure out why else you would be doing this?

It kinda reminds me of dealing with strong liberals.  No matter how much you show them that 4+4 = 8 they'll still tell you it's only = to 5.5 or something to the like for countless reasons?  I've just never understood people like that.  The "I can't" or "you can't" type of people... 

Best wishes to you Romo and God Bless!

Sep 22, 2008 08:28 PM #11
Anonymous
susan park

It's almost comical that people focus on the "small" picture. A name is only that, a name. If people were offering phenomenal real estate service, becuase of their ability to be trained professionally through EXIT trainers (who are all previous top producing agents who only teach agents to be top performers now), why would anybody turn that down? Either way, EXIT is the fastest growing real estate franchise in North America, and still going strong. Facts speak louder than mere opinions.

At Keller Williams you need to meet a certain quota to receive the referral fee... there's a FINE PRINT. EXIT has paid out more than $150,000,000 in residuals in 10 years with half the agents. To all you KW agents, what have you been paid, if anything? 

Old time real estate agetns are always reluctant to change and new ideas. I'm a generation-Y, EXIT franchise owner. I think about what's to come in TEN years and NOT TODAY, which is why I see the vast potential in EXIT and how it WILL take over how Real Estate is done in the future.

What will you do if you were to get sick and couldn't work anymore? What if, god forbid, you passed away... what would happen to your family?? I'm sure you are too busy thinking only of today. 10% residuals are paid to you. If you retire you still receive 7% of residuals. If you pass away your family receives 5% of the residuals.

It's a system to begin thinking about your future and your retirement. Don't you deserve it?

Mar 13, 2009 12:58 PM #12
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Rainmaker
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Roberto Gonzalez

Hagerstown Commercial Real Estate
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