Are there better advantages working for a company with desk fees?

By
Services for Real Estate Pros

HELLO: I AM SEARCHING FOR A COMPANY TO HANG MY LICENSE.

BUT WOULD LIKE TO HAVE SOME OPINIONS ABOUT COMPANIES WHO OFFER NO DESK FEES TO THOSE WHO DO. WHAT ARE SOME OF THE PROS AND CONS?

I AM WANTING TO ENTER THE REAL ESTATE INDUSTRY PART TIME, THE MAKE IT A FULL TIME CAREEER. ANY OPINIONS WILL BE APPRECIATED THANKS AND HAVE A BLESED DAY.


JUAN

Comments (4)

Glenn Roberts
Retired - Seattle, WA

Hi Juan,

This is going to depend a lot on your budget. Desk fees are great if you have experience and a good client base plus cash reserves or another income that supports you. On a split the company is basically paying your way while training you. Some companies insist on the split forever. Some gradually increase your share as your total income goes up during the calendar year.

Some desk fees are very low and most often provide less support than companies with higher desk fees. Not too many ways to discover what works for you on day one part time in real estate. I'd recommend going with a company that offers mentoring and education. When you make your first few sales you'll be pretty excited. Maintain for a while and make sure you can go a few months without a pay day before switching to a different plan.

And there are a few companies that pay a salary which makes you less than a independent contractor and more of a day laborer. Anyway, there are lots of choices. Good luck in the business.

Feb 16, 2010 12:04 AM
Linda Lohman
Fonville Morisey Realty - Cary, NC
Former Teacher/Broker

Juan,

My humble opinion is that to be successful in real estate it must be a full-time commitment.  Too many enter the industry to dabble.  It soon becomes obvious who they are.  Have you ever heard of a part time teacher, attorney, engineer, pharmaceutical rep, etc?

This career deserves and require full-time daily attention to be successful, heck to survive.

To answer your question, look for a company that IS doing business, has a great training program, and a reputable name.

 

Feb 16, 2010 12:08 AM
Kathy Judy
Tri-Cities Real Estate retired - Ontario, OR

Hi Juan you have to think of where your business will come from.  Do you have a bunch of potential clients already?  Then one of the cheapie outfits might work for you especially if you have some sales type experience.  Otherwise you'll need some help - an office where you'll be trained, and get some productive floor time.  That would mean an office that charges it's agents enough to do some advertising that will make the phones ring.  I believe that especially at first you need a big name, again that's a franchise that charges it's agents enough to pay for national advertising, that gives you name recognition and instant credibility.  With Coldwell Banker you pay the big bite when you have a closing, with Remax you pay monthly and have less out of your commission when you sell something. 

And keep on reading ActiveRain posts - it's instant help.  Best of luck to you and I'd recruit yu myself is I werent on the other side of the country. 

Feb 16, 2010 12:18 AM
Juan Tanon
Orlando, FL

Hello: Everyone

I just wanted to say thanks for taking time to let me know your opinions on this question.

Have a great day

Juan Tanon

Feb 16, 2010 08:25 AM