- 1. Sales Associate Paid Apprentice Training Program
- Sales Associate
Sales Associate Apprentice training program: Some companies make a new agent pay for their own training. Add to this the costs to join the local real estate Board or Association, the National Association of Realtors, the State Association, MLS fees, business cards…etc. Before you know it a new agent is a few thousand in the hole before they are even out of the block.
Our program works as follows: You will be personally working with someone who has achieved either "Megabroker" or "Megabroker Elite" club status. A Megabroker is one who has achieved not less than $5 million in annual closed property transaction sides and/or $200,000 in gross annual commissions, while a Megabroker Elite designation is achieved by one who achieves a minimum of $10 million annual closed transaction sides and/or $400,000 in gross annual commissions.
- You bring your real estate license, enthusiasm and eagerness to learn. We pay for all the items listed in the above paragraph as well as everything else listed in the sales associate section. That means everything except gas and food.
- You get to work hand in hand with the broker/owners as both an assistant and a sales agent. We will return you giving us your time by giving you our time.
- When the owners list a property you participate in marketing by submitting the property data and photos to MLS and internet, assist with ads and develop property flyers (we teach you how to do all this). Since you assisted in the marketing you are paid $500 when each listing sells. Also because you are familiar with the property your name is added to advertising and internet as an additional contact person to see the property. You are welcome to service any inquires on the properties as well as hold open houses if you wish as a means to obtain buyer leads immediately. For any property you sell you are paid the full selling commission just like any other agent. There is no time limitation for participation in this program. You may choose to advance your status to an independent sales associate at any time.
- We provide you your own desk and computer.
- This program is not limited to new licensees. In the past we have had 3 licensed agents and 2 licensed brokers come to us from other companies to work for us as assistants. They all were at a point with their other firms where they were not doing much. Two of the 3 agents advanced to not only become productive sales associates but also acquire their broker's licenses. One of the brokers who was our assistant presently owns her own company.
- The primary benefit to this program is you learn from a top producer from daily one on one interaction. The only drawback is since we are not a company structured to train the masses; this opportunity is only available for one or two individuals.
Sales Associate: We are small hands on local company (you can actually talk to the owners) with a progressive and diverse multi state service capacity. Our firm offers a competitive commission structure as well as an environment providing flexibility for the individual. We provide and pay for:
- Private desk with computer.
- All regular office and marketing business expenses such as advertising, phone, internet, office supplies, signs, lockboxes, etc.
- Errors and omissions insurance.
- General liability insurance.
- Initial business cards.
- Toll free phone numbers.
With *ownership approval we also pay in full additional special marketing and agent promotional costs:
- Agent mailers.
- Individual agent and or property advertising.
- Virtual tours and slide shows.
- Aerial photography.
Obviously some conditions apply in order for the company to pay for all the last four items mentioned above. But the conditions are reasonable and make good sense. First, the amount the company will pay for in agent ads, mailers and virtual tours is not limitless. But our philosophy is that since we don't have to pay a franchise fee, we believe an agent should spend at least 5 to 8% of their gross commission income (to be reimbursed) in a manner that will enhances the marketing the company already performs as well as benefit the agent and/or their sellers directly. Another condition is that we ask that the agent pays the vendors for these last four items up front. They are then later reimbursed in full by the company at closing (it can be any subsequent closing in the event the listed property does not sell). The reason is this causes the agent to more wisely use discretion on how to utilize funds in a manner similar to what owners must do (reducing the chance of throwing away money on a bad strategy just because someone else is paying for it).
Our 6 Point Training Program:
- A new agent is assigned a mentor who will assist and guide the agent through their first two transactions. An example of this would be when the new agent has an appointment to meet with buyers to write up an offer on property, the mentor is also present to help guide them through it. The company pays the mentor for this assistance.
- Owner brokers Dennis or Sara Duga can accompany a new agent for two listing presentations for owners considering selling. For example, with your first seller appointment we can make the presentation for you so you can experience the process, while at your second presentation we can be present for support in the event of handling any tough questions or objections.
- We have an office training manual that includes examples of how to fill out purchase agreements, how to handle numerous situations such as multiple offers, phone scripts, etc. We also have the agent training manuals for two of the major national franchises.
- Numerous times per year we hold in-house advanced training classes. These include classes such as Dr. Land's How to Buy and Sell Land seminar.
- The company owner is available anytime by phone for guidance.
- The company pays for one half of any classes that are approved by the National Association of Realtors as working toward a Realtor designation (such as ABR, GRI, CRS), Realtor Board or Association classes designated as new agent training, and, any classes that work toward a broker's or appraiser's license. For example, it the cost of an appraisal class is $300, the company pays ½, while the $150 paid by the agent is %100 tax deductible.
If you are interested in learning more or would like a personal confidential interview, please call Dennis or Sara Duga at 1-800-338-1433 ext 202 or 203.
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