Thursday, November 22, 2007

Are The Old Line Real Estate Brokers Charging Their Realtors Too Much??

Some after thoughts from interviewing many of the local Real Estate companies. Please keep in mind that I have been a Realtor for 4 years now. I have moved from a RE/MAX office in Wilmington DE up to a Keller Williams Office in Summit NJ, and now I have moved back to RE/MAX Properties Unlimited in Morristown NJ. I have to say that the reception and overall helpfull attitude I have recieved since joining RE/MAX Properties Unlimited has been wonderful as compaired to other experiences I have had.
So on to my story:
Do some of the big brokerages of the Real Estate Brokerage World have a good deal to offer you??
Recently I switched Real Estate Brokerages. I was a Keller Williams Realtor, but decided for many reasons, that Keller Williams was just not working out for me. So I interviewed several of the large real estate companies with offices in Morristown Nj and Madison Nj, and here is what I found.
Coldwell Banker: was only willing to offer a 47% split to start as Agent Realtor but claimed the following benefits
They would pay the postage on 400 pieces of mail per month for 1 year (This amounts to $1248 yearly)
They would pay for my signs (My Signs ended up costing me $200)
They would put my listings in the newspaper with their add (I give this no value)
They would pay for Realtor.com upgrade. (cost $275 per year, value ????)
Weichert: was only willing to offer a 50% split to start as Agent Realtor also claimed the following benefits
They would pay the postage on 500 pieces of mail per month for 1 year (This amounts to $1560 yearly)
They would pay for my signs (My Signs ended up costing me $200)
They would put my listings in the newspaper with their add (I give this no value)
They would pay for Realtor.com upgrade. (cost $275 per year, value ????)
Prudential: I did not interview as what they had to say on the phone sounded like what I had already heard.
RE/MAX, offered to pay no advertising but offered a much better split if I wanted to go the split direction or I could go with a monthly desk fee and keep 94% of the commissions I earn.
It seems to me that the so called free company advertising with the big boys comes at a huge cost once you start doing more than one deal a year. I fully intend to be doing more than 1 deal a month so you can see how poor the free advertising deal looks to me.
If anyone wishes to ask more about my thoughts on the different brokerages.
If you would like to do some research on homes in Morristown NJ, or in Morris County there is a great tool for you the home seller or home buyer. You can do some of your own research on home values and the competition that is out there for every type of home.
Check out Morristown Real Estate the link to the totally free MLS search is on the main page, Just click on the Search For Homes Link in the gray box near the top of the web page.
Do all the research you desire before you are ready to talk to a Realtor. Of course I would love to earn your business, and feel strongly that the high level of service I provide to home buyers would more than convince you that you have made the right choice in a Professional Realtor.
Thinking of moving to Morristown NJ, Or other another great town in Morris County? There are many wonderful and historic towns around Morris County? Check out Morristown NJ Realtor for more information about the area.
Professional service when it comes to buying or selling a home in or around Morris County New Jersey call James Boyer at 973-647-0253. Morris County is such a great place, you just have to see it.
James Boyer, Proudly serving Morris County, Union County, & Essex County with superior levels of service and professionalism. For all your New Jersey residential real estate needs call James Boyer RE/MAX Properties Unlimited Realty 973.647.0253
Morristown Morris County New Jersey Realtor, Real Estate, 07960

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