Response to "Contact"

  1. Image of natebrill
    On January 23, 2014
    natebrill said:

    James!  Awesome show man, I think you’re doing a great service to the students of real estate, so thank you.  I haven’t heard this particular issue addressed, so I’m wondering if you wouldn’t mind telling us what you would look for when choosing a broker to hang your license with.  Also, what are your thoughts on joining a team?

  2. Image of JamesFestini
    On January 23, 2014
    JamesFestini said:

    thank you very much for your response. It means a lot to hear from listeners. That is a very loaded question and it has actually entire episode what dates back to I believe episode number two of the podcast. However, in a nutshell, I choose a broker based on number one who is the number one company in the area. I don’t need any more resistance from my farm by stating that I’m not well known as a company. Number 2 would be if they have no restricted farms or territories that they say I cannot enter. If they restricted my access to certain territories I would never go with them. I would also go with a company that provides decent support with regards to technology and legal. Also I would want to know who their top agent is and if they are off the top agent in the area. If they are the top agent in the area that’s where it becomes a little difficult because you’re always be butting heads with them, especially if you become one of the top agents. If that was the case I would either work very hard to beat the number one agent, or be with a number to company and be the number one agent in the area. I would never go with any company that was not number one or number 2. After doing this 21 years I still have zero interest in having my own office as it would be a complete waste of time to reinvent the wheel. That is why I’m with century 21. Regardless of how much they charge me.

  3. Image of natebrill
    On January 23, 2014
    natebrill said:

    JamesFestini Wow!  Quick response, James!  Thanks for taking the time to educate me.  I am currently looking at Prudential and Century 21, but do not know how to find out who the “top agents” are and how their presence in the market would affect me.  I definitely know that I do not want any restrictions put upon me on where I can go.  The Century 21 office does seem to be very well suited to new agents and provides a ton of support and tech.  What would you say is a “fair” commission structure?

  4. Image of JamesFestini
    On January 23, 2014
    JamesFestini said:

    I would say 75% is a fair start. You really gotta be a good talker to get more. I am way higher based on production.

  5. Image of natebrill
    On January 23, 2014
    natebrill said:

    I think I could handle 75% as long as there weren’t a ridiculous number of fees involved.

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