To avoid any confusion, you don’t work for a real estate agent…
…real estate agents work for real estate brokers or brokerage firms.
So what we really mean is “the best real estate brokers/firms to work for in 2023.”
Okay, with that out of the way, we can begin.
A lot of agents tend to rush into finding a broker as they just want to get over the process. However, that is not a good idea. You need to find one that suits YOU.
To help you out a bit, we’re going to review the 3 best real estate firms to work for in 2023. We’re going to talk about their commission split, training resources, and more.
So shall we?
The Top 3 Real Estate Firms to Work For
The top 3 best real estate firms to work with are:
Let’s take a look at each one.
Keller Williams
Keller Williams is one of the largest brokerages in the country. To prove that, they have a long list of franchise locations to support agents nationwide.
With Keller Williams, you’ll get all the resources you need to advance your career. This includes a collection of educational courses, over 2000 hours long, offered online.
Videos, live seminars, and online textbooks will give you insight into how to conduct deals, take care of the paperwork, and other topics that you may not have learned in the pre-licensing course.
Even better is that Keller Williams offers its BOLD program. This pairs agents with experienced salespersons to give practical and guided hands-on experience. This is crucial if you’re just starting out and need a bit of guidance to get you going.
Apart from education, you’ll get resources such as a Customer Relationship Management System (CRM). With this, managing your leads will be super simple and convenient.
Additionally, Keller Williams offers you a website that’ll up your online marketing game. If you want to market yourself, it’s a good idea to be where the crowd is; in this case, online.
Plus, with the Keller Williams logo on your site, you won’t have to worry about any lack of credibility, even if you’re a new agent.
The commission structure is attractive, too.
Keller Williams offers its agents 64% of the commission pie, with 30% meeting office expenses and 6% going to Keller itself.
However, the 6% commission is capped at $3,000. So if you’re able to smash through the cap, you’ll get even more of the commission pie.
So with a wide range of features, practical training opportunities, and great commission structure, Keller Williams is a real estate firm you won’t regret joining.
RE/MAX
RE/MAX is another renowned real estate company to work with.
If you’re looking for a larger commission share, then you might be more drawn to this firm. Not to mention, it also offers a wide range of resources.
Its commission split is 95/5.
You get 95% of the earnings you make, which ranks as one of the best commission structures in the industry.
However, it’s important to note that this commission split leads to separate desk fees that will be charged monthly.
If you’re not a fan of that, RE/MAX offers all costs inclusive with its RAPP or RE/MAX Alternative Payment Plans. Here, you’ll get to choose among three different payment plans:
- 80/20 commission split
- 70/30 commission split
- 60/40 commission split
The lower the commission split, the greater your resources.
This is because, since RE/MAX gets a bigger share, they can spend more on support, training, and all that for you.
Speaking of resources, agents will benefit from their vast range of educational ‘do-it-yourself’ courses. These cover everything a real estate agent needs to know to get started.
Experienced agents can also benefit from these resources.
Seminars and events boost networks, as well as give clues on recent changes and developments in the industry.
RE/MAX even offers you your own site. Here, you’ll get access to site templates and tools to add other aspects of your online marketing strategy, with the ability to integrate Youtube videos and more.
What’s more, career growth opportunities are readily available. Successful agents are offered managerial positions within RE/MAX itself.
However, compared to the other options on this list, you get less hands-on experience, which may be something to keep in mind if you’re a fresh agent.
Nevertheless, RE/MAX does provide its agents with a wide variety of resources and a generous commission structure that you can choose from.
ERA Real Estate
ERA is one of the premier real estate firms when it comes to technology. It focuses on providing its agents with the most modern tools to market themselves online.
Agents will get their own IDX-Enabled site that allows them to display their listings.
The ERA CRM provided also links well to the site. Plus, the CRM integrates your online platforms, including social media. You can manage all your information from one console.
Along with the online marketing tools, you can avail of their ERA University. They offer online courses in everything from post-licensing to online marketing and networking.
When it comes to commissions, ERA doesn’t have a set standard.
Instead, it creates a commission structure based on the real estate market you operate in. But generally, ERA offers competitive commission structures to all its agents. You even have a choice to reduce costs by not opting for certain resources such as office space.
So if you’re looking to get a head start online, with tools to help you generate and manage leads, ERA Real Estate is an option you should consider.
Conclusion
So there you have it; the best real estate firms to work for in 2023.
I made sure the firms were well suited to meet the needs of experienced and new agents alike, with a wide range of resources and educational courses.
Of course, I chose firms with great commission structures, too. I mean, this could arguably be the most important factor to consider when selecting a brokerage.
At the end of the day, I want you to just make sure you select a firm that is aligned with your career and educational goals, and that provides you the resources you need to take it to the next level
Good luck!