No one wants to hear about what I used to do in the dark ages of real estate when I had Adam and Eve's Garden of Eden for sale. I know that.
But every now and then, I have to use myself as an example. This is one of those times.
I founded and ran for a number of years two real estate agencies. One was in Galveston and the other in Houston. Both are still in business and very successful.
I preferred to contract with agents who had just gotten licensed rather than with those who possibly had been taught bad behavior at their former agency.
Getting a real estate license and then beginning to pound the streets for listings and sales is a very expensive undertaking. The franchise companies, and I suppose others, now expect the new agent to pay money to join them. So that's yet another front-end expense.
I used to let my new agents have 100% of the commission earned on their first transaction. It helped them over the hump of their initial cash outlay and going without an income until they began to have closings.
I can also tell you that I never had an agent leave my company for another.
It is rather surprising to me that what I did isn't standard practice.
Realtor and Broker
Keller Williams Dallas Premier
Direct: 214 503-8563