What Are The Best Brokerages for New Agents?

By: ROS Team

As a new real estate agent, you might seek a company that can provide you with the best tools and resources to help you thrive in your career. Knowing which real estate company is the best fit for you might be difficult with so many options. In this guide, we will take a look at some of the best brokerages for new agents.

Keller Williams

There’s no surprise why Keller Williams Realty is our first choice for new real estate agents. With more than 300,000 agents, the company has offices in Canada and the United States. Keller Williams has been ranked as one of Fortune’s “100 Best Companies to Work For” for 15 years running, and according to stats, the company’s annual sale in 2016 was more than $67 billion.

Keller Williams Realty offers something new for agents who want to work for themselves:

Training offered at all levels
Positive company culture
Commission and profit-sharing revenue company-wide

Edward Jones

Edward Jones is a great brokerage for new agents. It has a great training program, a great support system, and a great reputation. Edward Jones is one of the largest brokerages in the world, and they have been around for more than 100 years.

Fidelity Investments

Fidelity Investments is an investment firm based in Boston, Massachusetts. It’s the second-largest mutual fund company in the US and provides brokerage and retirement planning services.

Weichert Real Estate Agency

Weichert Real Estate Agency is one of the largest real estate companies in the US, with over 6,500 agents across its offices nationwide. This means that you’ll have plenty of people to work with and learn from as you build your business.

The company has been around since 1915, so it has plenty of experience under its belt; it also has a positive reputation among consumers and industry professionals alike.

The commission structure at Weichert is competitive: it’s tiered based on how much you sell or lease properties for (the more money you make for your clients, the higher commission rates). For example, if an agent sells a $300k house, he/she would receive 2% in commissions ($6k).

Charles Schwab

Schwab is a good brokerage for new agents. They offer a variety of services for new agents, including:

A robust training program that includes webinars, live training events, and on-demand videos
Access to the Schwab Learning Center, which has educational content available 24/7
The ability to connect with other advisors through social media channels like LinkedIn or Facebook

Schwab also has a reputation for customer service. If you have any questions or issues throughout the process of opening your account, they’ll likely be able to help out quickly and efficiently!

eXp REALTY

eXp was established immediately after the 2008 Great Recession. It was designed to be a low-cost cloud-based program that would flourish in that economy. It made it possible for brokers and agents to conduct their real estate business online completely.

Due to the minimal operational costs, agents do not pay desk fees or franchise fees, and commission splits are large.

Agents that are interested in investing in company stock might do so through their revenue-sharing program. Agents can also sign up for a virtual program to access training materials, connect with other agents, participate in meetings, and communicate with staff.

TD Ameritrade

TD Ameritrade is another decent brokerage firm for new agents. They have a great reputation and are open to new agents. They also have a lot of resources for new agents, including education programs and webinars that can help you get started in the business.

In addition to being a great place for new agents to start out, TD Ameritrade also offers excellent support systems for those who need extra help along the way or just want someone else around when they’re feeling overwhelmed by all their responsibilities as an agent (which happens).

Ameriprise Financial

Ameriprise Financial is a good brokerage to start your career. It’s a large company with a good reputation, so you can feel confident that it will be around for the long haul. The company has been around since 1894 when it began as a life insurance and annuity provider.

Today, Ameriprise Financial offers everything from financial planning to banking services and investment advice. So if you want to work in any of those fields (or any others), they’ll have an opportunity for you!

Ameriprise Financial also has an excellent reputation among consumers: According to JDPower rankings from 2018, Ameriprise was ranked number one out of all major brokerages for customer satisfaction across all product categories.

NY RENT OWN SELL

NY RENT OWN SELL is another excellent option for novice agents. They provide all the necessary services – MLS membership, cutting-edge technology, corporate email, and 24/7 marketing and technical support – to their agents.

The training program at NY RENT OWN SELL is comprehensive and covers all aspects of being an agent–from how to market yourself effectively through social media platforms like Instagram or Facebook to where exactly all those numbers on the MLS system come from (hint: they’re not just randomly generated).

Furthermore, the company provides a dedicated and free agent website empowered with IDX that helps agents have their own identities.

How To Evaluate The Best Real Estate Companies For New Agents?

As a new real estate agent, your selection of a company to work for can be an immensely consequential decision.

It is essential to consider the following significant factors when assessing real estate firms:

1. Reputation

Companies with a potent reputation in the local market are the ones to watch out for. To ascertain this, you may engage in discourse with other agents, scour online reviews, and carry out research on the company’s history and track record.

2. Training and Support

As a fledgling agent, you would prefer to work for a company that provides exhaustive training and ongoing support. Firms that offer mentorship programs, perpetual education opportunities, and access to resources such as marketing and technology tools are ideal.

3. Commission Structure

Real estate agents operate on commission, so it is crucial to comprehend the commission structure of each company you’re considering. Look for firms offering competitive commission rates and ensure you comprehend any additional fees or expenses you will be accountable for.

4. Culture and Values

Reflect on the company’s culture and values and whether they coincide with your own. Firms that prioritize teamwork, communication, and ethical business practices should be on your radar.

5. Technology and Marketing Tools

In the present-day digital age, it is imperative for real estate companies to possess robust technology and marketing tools. Firms that provide a vigorous online presence, support for social media marketing, and other digital tools that aid in brand building and connecting with clients are the ones to go for.

6. Size and Location

The size and location of the company are also vital factors to consider. Larger companies may offer more resources and support, while smaller ones may provide a more personalized experience. Additionally, consider the location of the company’s office(s) and whether they are convenient for you and your clients.

FAQs

How do I Choose a new Brokerage Agent?

You can choose a new brokerage agent by researching and comparing their experience, expertise, commission rates, services, and reputation. You may also want to consider their location, availability, communication skills, and personality to find the best match for your needs.

How do new Agents get Clients?

New agents can get clients through various methods such as networking, referrals, advertising, online marketing, social media, open houses, and door-knocking. Building relationships and providing excellent customer service can also help new agents establish a positive reputation and attract repeat and referral business.

Which Brokerage is Best for Part-Time Agents?

The best brokerage for part-time agents depends on various factors such as their level of experience, goals, schedule, and support needs. Some brokerages offer part-time agent programs, flexible schedules, training, and technology resources to help them succeed. Part-time agents may want to research and compare different brokerages to find the one that aligns with their needs and preferences.

Final Words

We hope this article has helped you to understand the differences between some of the best brokerage firms for new agents. If you’re still unsure which one is right for you, don’t hesitate to do some more research and ask around!