There are so many great realty groups out there. I've been involved with several of the biggest franchises in the real estate industry and can say they proved to be beneficial in several ways. The training offered for new agents was always great for newbies but for the experience I had I seemed to always be looking for more.
A big part of belonging to a franchise always included a franchise fee which I was always trying to justify. "Am I getting the direct sales because of this company to justify the added costs from my commission"?
Then switching to groups with high commission returns without franchise fees maed more sense to me but for a new agent those groups didin't offer a good training option. There are numerous f'for profit' training groups out there that are not associated with a franchise that offer a solid base for new agents. I have seen a couple of them and they each offer tools to help a new agent.
In this real estate climate as well as the new wave of technology that so many people are utilizing we need to adjust to find the right fit for our individual needs.
I have come across a new group who are now in over 15 states and growing quickly. They offer a technology package which includes website, email, virtual tours, transaction management software, enhanced listings at www.Realtor.com, training and much more all for a low fee of $30/month. I currently spend well over $400 per month for similar products.
Not only do they offer training for new agents but also a different way to make an income from referring others to the group. There are existing companies which have grown well over the last few years with a similar concept but offer a profit sharing formula where one can earn a piece of reffered agents deals if the company makes a profit that month. This is great but a little different than this new company.
This new group actually offers a residual income by payiong 5% of every deal your referred agents close so if the national average is $6500 per deal and the average agents closes 5-6 deals a year then from that one agent you would actualize a return of almost $2000 from one referred agent. The amazing thing is if those agents you referred also refer agents then you also get a referral fee of 5% on every one of those referred agents.
I think this is the new wave in real estate that is just now starting to swell.
Bill C (ConnectRealty.com #2114 $4 one-time join fee until July 4th, 2009)
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