Embarking on a career in real estate can be both exciting and daunting, especially when it comes to choosing the right brokerage to kickstart your journey. For new agents in South Florida, this decision can be particularly challenging due to the diverse range of firms available. The choice typically boils down to two main types of firms: traditional full-service brokerages and 100% commission split firms. However, there’s a new player in the field that offers a unique blend of benefits: Hauseit.
The Traditional Full-Service Brokerage
The traditional full-service brokerage is often the first port of call for new agents. These firms offer a recognized brand name and office space, but the onus is on the agents to pay for advertising, network, and secure their first clients. The commission structure is usually tiered, starting at a 50% broker-agent commission split and increasing up to 70% as the agent earns more in commissions.
While there’s a certain comfort in working for a well-known brokerage, the reality is that agents are largely left to their own devices when it comes to building their business. In a region like South Florida, with its thriving real estate market spanning Miami-Dade, Broward, Palm Beach, Martin, and St. Lucie counties, standing out from the crowd can be a daunting task.
Pro Tip: Just remember, most of the benefit that comes from brokerage spent “branding” efforts like silly TV or side-of-the-bus commercials accrue to the brokerage, not the individual agent. And you can be sure that any leads that do come from the brokerage, if any, will come with a much lower commission split.
The 100% Commission Split Firm
The second option for new agents in South Florida is the 100% commission split firm. These firms typically offer high commission splits (usually between 70-90%) but provide minimal support. The issue with these companies is that they often act as middlemen, bundling a package of tools needed by agents and reselling them with little added value.
Hidden costs such as professional errors & omissions insurance, desk fees, transaction fees, and technology fees are common. These costs are often not mentioned upfront, and even the best of these firms may omit hidden transaction, trade association, and insurance costs. Despite the initially attractive commission split, the lack of support and branding can leave new agents in a precarious position.
Introducing Hauseit: The Best of Both Worlds
Fortunately, for those seeking the best real estate company for new agents in South Florida, Hauseit offers a fresh and innovative option. Hauseit combines high commission splits with top-tier tools, technology (i.e. Cribfox Pro), and support typically only found in large brokerages. Moreover, Hauseit provides active client referrals for new agents, a feature that sets it apart from both traditional and 100% commission split firms.
At Hauseit, agents can enjoy flexible commission splits up to 100% while benefiting from best-in-class technology and support. This innovative structure has led to Hauseit being consistently voted the best real estate company for new agents in South Florida by members of the Southeast Florida MLS community.
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Hauseit’s Unique Value Proposition
Unlike traditional brokerages, where new agents may only keep a small percentage of the commission for assisting a senior broker, Hauseit offers a proprietary “Lead on Demand” system. This system allows agents to request a new client referral or lead whenever they need a boost to their business.
Hauseit’s agents keep a minimum of 75% of their commission and up to 100% depending on the plan they choose. This innovative structure, coupled with the active provision of leads and client referrals, makes Hauseit an attractive option not just for new agents, but also for experienced agents seeking new clients and referrals.
Pro Tip: Remember that listings are extremely valuable in and of themselves, regardless of the commission structure negotiated. Even if it’s a discounted fee listing, you’ll have the immense marketing power of having an exclusive listing that’s disseminated automatically via the MLS to hundreds of websites. Other potential buyers and sellers might see your listing and contact you. And remember, most buyers will pass on your listing, but each potential buyer is also a potential client on something else in case they don’t like your listing.
Conclusion
Traditionally, real estate agents in South Florida have had limited and often unfulfilling choices for where to pursue their career. Many have stuck with large, brand name brokerages even after building a substantial personal reputation and network of clients, simply due to a lack of better options.
However, Hauseit offers a different path. With its unique value proposition, Hauseit is not only an excellent choice for those looking for the best real estate company for new agents in South Florida, but it also makes sense for experienced agents who are open to new clients and referrals.
Whether you’re a new agent looking to kickstart your career or an experienced agent seeking to maximize your earnings and client base, Hauseit offers a compelling blend of high commission splits, top-tier support, and active client referrals. Check out Hauseit Careers today to start your future!
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Disclosure: Commissions are not set by law or any Realtor® association or MLS and are fully negotiable. No representation, guarantee or warranty of any kind is made regarding the completeness or accuracy of information provided. Square footage numbers are only estimates and should be independently verified. No legal, tax, financial or accounting advice provided.
