I currently have my license with a small local brokerage. I was approached the other day by an agent I had a cross sale with about moving to Exit Realty. I told the agent no because the broker I am currently with is a long time friend of mine and I am happy where I am (which is true).

However, I was intrigued and decided to do some research on my own. The whole company and especialy the residual system sounds incredible. Does anyone here know anything about this company. If you do and aren't with them, why aren't you? If you are with them, what made you go there, and why can't you get every agent you know to come with you?

I am very curious about this company and any input would be greatly appreciated!

One of my friends purchased an Exit franchise & he's really happy with it - the recruiting takes care of itself. It's kind of like a Keller Williams concept on steroids - a 10% override on anyone you bring in is huge. The only real negative I can see would be for new agents - I don't see how a broker can successfully train & nurture new agents while only taking 20% of their limited production.

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Eric Bramlett

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Yes, and I get harassed by every Exit agent I come across. It's bad enough that every Realtor I talk to asks me who my broker is (first question out of their mouths) but the Exit people immediately go into a spiel about how great they are.

Imho, the best broker is where you get a good split and they're available to help. That Exit stuff encourages to much reliance on recruitment and is like a MLM scheme.

I guess that's part of my question, what is the commission split for new agents? What kind of training do they offer? How does the recruiting bonus work? I know I should probably be asking an Exit broker these questions, but I'm not ready to be recruited yet.

Eric-why have you not gone to work with your friend? You obviously see the possibilities.

You'll need to ask them directly. Just like any franchise, they probably vary a lot and it depends on the individual broker. If the split is OK, and comparable to others, then go for it. But their only real advantage is the supposed 10% you get from your recruits.

Ausitn-
If the system works for residual income, why are you not interested in looking at it? Sounds like a nice retirement plan.

There! That's exactly what they want you to believe. I've googled many realtor forums on the internet and most people who've been with Exit say it was all empty promises. Just like the Keller Williams residuals amount to pennies (that I've heard from several successful agents who left KW). It's really a scam, or rather a ploy.

First off, you get 10% for doing nothing just because you recruited someone. Does that seem like a viable business model? Then your broker gets some, etc. The agent who makes the commission gets less of a split. The only way the system works is if you keep hiring more suckers. The smart ones will leave where they can make more.

Also, if that's your retirement plan, you're screwed, buddy. What if the whole franchise goes out of business (not unlikely)?

I get the impression from your posts here and in some other threads that your a glass half empty kind of guy, who wakes up on the wrong side of the bed frequently!

I've had several of these companies contact us to recruit (where one of goes the other will go).

My opinion is this:

I've seen the market share they have and I'm not impressed. Less than 2% in my area.

I've seen the technology they use and I'm not impressed. Each franchise is independent and can do as they please. In my area, these offices don't allow agents to have unique competing websites. Give me a break!

I've heard the commission splits, pyramid incomes and I'm not impressed. A pyramid scheme is still a pyramid scheme, no thanks! New agents actually make less than what other offices offer because you are starting at the bottom. Not to mention, most have the agent paying so many fees the actual percentage is closer to 50 or 60% not what they advertise!

I've seen the available training and I'm not impressed. The available training I have seen doesn't even come close to what our current agency offers. The major companies have invested an incredible amount of time and money to provide quite a bit of training and materials. Independents and smaller companies just can not compete with that.

Some of the training we have received as brand new agents from an independent broker went like this:

Broker: "We offer free and complete training for you as long as you are with the company".
Me: "Well what kind of training do you provide, what areas should I focus on?".

Broker: "Well, you can ask me any question you want".
Me: "Um, ok so what questions should I ask".

Broker: "Anything at all. You can ask me anytime, any question."
Me: "Ok, thanks... See ya!"

Sheesh - What the heck kind of training is that?

Thanks for reading.

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Jessie: Panama City Beach Real Estate, Panama City Real Estate and Panama City Beach Condos

There isn't an Exit in my area or I would have checked it out since leaving my C21 office 2 years ago after being there for 22 years to join a local company offering 100% commission with extremely low monthly and transaction fees. If I get someone to join my current company on a split I will also get residual income, but our fees are so low it's foolish for anyone to join on the split vs. the 100%.

I would like more people to join our company just to get more of a foothold in the area and get our name out there. We are attracting many top producers that are leaving Re/Max, Realty Executives, Coldwell Banker, Century 21, etc.

So even if an Exit would come to my area it would be very difficult leaving my current situation. For one thing, I hate the name! Has a negative connotation for me. It would be a brand new entity in our area and the average buyer and seller would not have name recognition with it so it would have to establish itself.

Having a company like mine in the area would be very competitive to get agents to Exit because our commission structure is fantastic! Add to that a great broker and staff and I wouldn't want to start with a split at a new place just to possibly get some residual income later on (no guarantee, I'm still trying to get a few agents to join my company and they're afraid to leave their franchise blankies and one of those agents is a top producer - she doesn't need a franchise name behind her).

Current Exit agents are going to be rah, rah to get you to join under them. They have an agenda. I guess you'd need to look at what there is about Exit without planning on the residuals.

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