Q: How does Florida Realty compare to other companies?
A: The majority of companies have abusive mentor programs – that is a fact. Initially, they start you at 50% commission. Then they take another 50%, that’s 75% of mentor fees taken away for 3 transactions thereafter. This means that Realtors make 25% for 3 deals. Florida Realty has encountered a multitude of realtors who continue to join us from franchise companies precisely for this reason. One realtor shared the story of how they sold a 1 million dollar home on their first transaction. This realtor should’ve made $30,000 commission, however, the competitor kept $23,000 of it! To top it off, this commission split still applied for their next 2 sale transactions as well. We don’t want any new Realtor to have to encounter a situation such as that, therefore we have always stood by our mentor fee cap.
WARNING: If you go to a company that does not have a mentor and they tell you, “Don’t worry, I’ll help you,” run out of the office, you will not regret it. It sounds great, however, it does not work. New realtors need a lot of guidance and help because everything is ‘new’ to them. No broker will be able to stop what he or she is doing to help you with all of the questions you are going to have. You will be forced to ask other realtors for help making you feel like a bother, which in turn will cause you to eventually stop asking. Selling will not be an option because you do not know what you are doing. Then, in time, you will likely quit, just as 83% of new realtors do their first year as a result of having a lack of proper training.
It’s all here! Call the office to make an appointment and get started. All of the training you need for your new real estate career is available with us. Don’t wait!