Why does Realty Brokers don’t train Realtors that they recruit to join their office after they recruited them?
Many of my realtor friends said about this issue. LIcensed brokers are so stingy on even showing their recruited realtors (new ones) what the step by step way to sell and buy the house. Even though for the fact that these newly recruited realtor have no idea what the first thing to do. They just show the bathroom, and where to get the coffee and that’s it – you’re on your own – even though they promise to train them – they will just bill the new realtor on something the poor realtors didn’t even understand what the heck they were billing for? Is this really legal in this business? Isn’t that if they train the realtor completely, they will tend to work hard and be loyal to the employing broker? The more the realtor work hard – the more commission split the broker will get – isn’t this the fact? Plus, if the realtor is happy with his/her broker, the broker will get a lot of referral from the realtor when the realtor decided it’s time to quit.
Ninja you seem to be FULL of questions today, so I started at the one from 1hr ago. Brokers training Realtors. First of all your friends didn’t select a good broker if they aren’t receiving training. Second, being a Realtor is a business, not a job. If you don’t know how to conduct a business, then you shouldn’t be a Realtor. Keep in mind the Broker only makes money, when the agent sells something and it closes. If the agent isn’t happy with the broker then go someplace else. I always suggest the newbie’s start with one of the national real estate companies like Coldwell Banker. They have excellent training and mentoring programs for new agents. If your friends are with CB, then they just didn’t take advantage of their programs, and that isn’t the broker’s fault when they fail. Third, this is a tough business right now. I’ve been in it for nearly 20 years and I’m starving! So no it is not an easy get rich quick business. It takes money to make money, you often spend more than your make. Its tough. They still say that 80% of new agents will be gone within one year. Leaving 20%, and of that 20% only 5% make any money.
I’m on to your next question…. see ya!
October 30th, 2009 at 4:14 pm
I don’t know .. they should … and they should start with grammar.
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October 30th, 2009 at 4:47 pm
It is in the best interest of the broker to see that new recruits have proper training. There are some who offer better training than others. I believe some of the larger franchise brokerage firms have training available for their new sales people. Companies such as Century 21 and others offer a number of benefits and training to their associates. You may want to check around with some of them to see what they can offer you in the way of training.
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October 30th, 2009 at 5:25 pm
Good Brokers do training for their agents does not matter if new or experienced on top we exchange ideas about Marketing and creative ways to sell. I think it is a big difference if you work for an office where everybody is on his/her own or if you work in an office where everybody feels like family and you are a part of a team.
You just might not have found the best office for you.
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October 30th, 2009 at 6:10 pm
Hi, as one of the others replied, some of the other brand name companies do offer training and some training is better than others. You really need to research the company that you want to represent and talk to other members of your association. Drive around your area and see who is the most prominent listing company then interview with them and ask specifically about the training and is there any cost to you associated with it. You can always pay for your own training also. But that can be very expensive, especially if you are just starting out. I will say that Century 21 offers a great training program if you choose to use it. I have worked for two nationally recognized companies and both offered in-house training. I have also paid for my own training. Keep in mind that you are in a sales related field and it is competitive out there. Training will definitely enhance your success. Good Luck!
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Personal experience
October 30th, 2009 at 6:35 pm
Ninja you seem to be FULL of questions today, so I started at the one from 1hr ago. Brokers training Realtors. First of all your friends didn’t select a good broker if they aren’t receiving training. Second, being a Realtor is a business, not a job. If you don’t know how to conduct a business, then you shouldn’t be a Realtor. Keep in mind the Broker only makes money, when the agent sells something and it closes. If the agent isn’t happy with the broker then go someplace else. I always suggest the newbie’s start with one of the national real estate companies like Coldwell Banker. They have excellent training and mentoring programs for new agents. If your friends are with CB, then they just didn’t take advantage of their programs, and that isn’t the broker’s fault when they fail. Third, this is a tough business right now. I’ve been in it for nearly 20 years and I’m starving! So no it is not an easy get rich quick business. It takes money to make money, you often spend more than your make. Its tough. They still say that 80% of new agents will be gone within one year. Leaving 20%, and of that 20% only 5% make any money.
I’m on to your next question…. see ya!
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Realtor/Appraiser Minnesota
October 30th, 2009 at 7:18 pm
Your analysis is correct but there will always be people out there who’d tend to go for the easy buck and tend to use shortcuts all the time. They are short-sighted and quite unprofessional in how they run their business. It’s their loss really.
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