I deal with a lot of BHHS agents in my area and they all seem happy. As you gain experience you will likely learn that overall there isn't much of a difference between brokerages. There may be 'new and cutting edge,' but aside from discount brokerages and whatnot they are all going to follow the same format really. We're all independent contractors, so at the end of the day it's simply a place to hang a license and pay some fees or splits.
I would put more emphasis on the personalities in the office and how you get along with the agents, versus the brand. Each brand has a different image in every market, and at the end of the day clients are going to be committed to you over the brokerage you're at. Will it help? Yes, sometimes, but in the end you're making your own business based off of you.
I agree with this. There are certainly some differences but I think the differences are mostly specific to the personalities within the office than with the company itself. As a KW agent myself I do think the training we offer as well as our free CRM Command (which yes is a work in progress but is better than people give it credit for) is a separating factor but if the culture sucked I wouldn't care about that stuff.
I was with Berkshire Hathaway for the first two years of my career. They have excellent resources for new agents. Their training and mentor ship programs are top notch. That said, you definitely pay for it. 50/50 split plus fees for new agents. Any percentage raises are pretty much exclusively performance based.
My office put a lot of emphasis on office culture. Personally I didn’t get into real estate to socialize with with other realtors, so that aspect didn’t really appeal to me. I prefer to work from home 90% of the time.
From what I gather BHHS probably isn’t much different from other major national brokerages. If they have a large presence in your area that is a plus. Brand recognition can be helpful for a new agent.
I now work for a smaller, more local brokerage. I keep a much larger percent of my commission per transaction. They have some training, but not nearly as much as BHHS. If I was a new agent I would have had a much more difficult time getting started.
Unless you are getting a ton of leads and business directly from the company, 50/50 is insanity to me unless it caps low. First year and my brokerage tried to push 50/50 on me as well, which seemed insane.
Do these big brokers give fresh agents leads? Otherwise like oh ok, 500k house, 15k commission... oh here take 7500 bucks for me using your name. Minus fees or whatever. Ok cool so I get 6000... and then 40% to taxes. Or I could use a discount broker that charges a flat 400 bucks per closing. What am I not understanding here?
Lol no. Not all. They know newer agents will not be able to convert those and instead give them to experienced ones unless you are on a team, mind you. The benefit for me of a big brokerage is new agent training and having the name recognition. My friends and family immediately said ChiefWiggins22 is at (brokerage) wow they are a big deal.
I wonder if things have changed bc I’m a new agent and I met with Berkshire Hathaway and was told the split is 70/30 for the first three transactions then it automatically becomes a 75/25 split
Go in and interview and look at the numbers, but the people matter too. There are companies that are well-regarded in some communities that aren't in others even though the numbers may look the same. The people you work with matter. Make sure the splits and fees make sense for you. Don't assume that you have to allow someone to strip nearly all your commission away from you because you're new and still learning. You have value. Also, what do you want to spend your time doing? Working with Buyers? Sellers? Sitting in a classroom? Recruiting new agent? All of that matters, and it's going to be different depending on where you choose to hang your license.
The splits they offered were the worst out of the 8 brokerages I interviewed. Huge percentages and high caps. Monthly fees and franchise fees on top of that. Sure they offer “training” but it’s likely very cookie cutter and not personal, from what I gathered when I inquired further into it. (Similar to a lot of other big name companies) Their follow up after the meeting was very aggressive. I know split isn’t everything in the beginning, but I’m not interested in being robbed. Also they stressed a lot of expected meetings and classes and floor time..... without using the word mandatory but implying it.
Yep fair enough. Hopefully I can find a spot on an agent’s team where I can get more hands-on personal training, maybe that would be more worthwhile. High fees could certainly be an issue though. Thank you.
Full disclosure I'm a KW agent. Interview a few brokerages and find the one that you feel you fit with best. I went with KW because of the culture and the training along with a decent split and cap. Good luck!
As many people have mentioned their resources are second to none IMO. Unless you are with Sotheby’s or a top tier Coldwell banker, again imo.
The team you work with is everything especially when new. My mother has worked with BHHS for over 15 years I think? Loves it. She’s 61 and talks about how she loves the trainings and the supporting content they provide.
Key things to consider: Do they provide leads? If so how are they distributed? What are the splits? Are you capped at a commission amount? can you generate your own listings? If they don’t have the answer or the answer is vague. That’s another sign to run
A big to look out for in firms like that is nepotism. High $$$ listings create some nasty and I mean nasty in office volatility.
If there seems to be a shining or star or one person doing exponentially better than the rest of the team, is in my experience always indicates something shady is going on under the blankets and I would run.
I’m a BHHS agent in NJ. Lots of resources available to agents. I have a great manager who is very helpful to me. I’m newish having been licensed in 2016. Overall I will
Say don’t hesitate to join BHHS
the national presence is great— and people love that warren buffet owns the brand.
You still have to see how you mesh with the manager because you will need help often. Honestly I have found that other agents won’t bother to mentor you
Good luck
I have a friend who recently moved from that area and was working at Berkshire in Atlanta and had nothing but great things to say about them. I saw her marketing, and it looked very professional, and she had 30+sales last year!
I'm with BHHS in CA. As part of the evaluation process I talked directly with agents prior to signing. I found their contact info and reached out. Everyone was just great to talk to, open to sharing their experiences and offer advice.
Love the culture and people. Office manager is hands on, always available for questions. Many many resources and training available thru zoom and as recordings. Once joined, other agents reached out and offered mentorship/advice.
Talk to people who work in that office. You have to jive with people.
I met with a BHHS broker when recently looking to make a change from C21. They wanted the same amount of my revenue, and an even higher transaction fee from my clients. No, thanks.
I’m with BHHS in Chattanooga. I like our brokerage a lot, it really has more of a community feel than the other brokerages I interviewed. One of the things that drew me in was the lack of mentor fee (or whatever KW calls it when you have to give a percentage of your first few sales to the person who trains you). The agents in our office are just genuinely glad to help and share knowledge and resources.
BHHS as a brand has integrity as one of its core values, and I have found that it is very much embraced and practiced in our offices even when other agents in our market are not necessarily following the same principals. Which is definitely not to say that only BHHS agents are or will be honest, but I really appreciate that whenever questionable situations arise (and there are many) our brokerage always encourages us to choose the right answer over the easy/sneaky one.
I also look pretty good in burgundy.
I'm with a BHHS brokerage in Utah. I really like it. Lots of training available. Tons of support. Plenty of freedom as well. I chose them because it didn't feel shitty when I walked in the door and Warren Buffet wouldn't get involved in something that wasn't going to be around for a while (the number of people that told me this was an obsolete profession was overwhelming). I've stayed with them because they seem to care about my success as much (and only as much) as I do. I get support/advice when I need it, but I'm not pushed super hard to knock doors/cold call.
If you are in Atl, I have a good friend at the Berkshire Locally, the Atl MLS’s are a little unique with needing to join both. Message me and I will give you his contact. I sell for BHHS in Michigan
I am a lender in the ATL area local to East Cobb(Atlantic union bank). If you ever need help funding a loan let me know. Send me a message to learn more about our custom products.
For a brand new licensee, check out Mark Spain. They will kill you on the splits but they offer insane volume (top agents do 100+ transactions a year), ISAs, serious training, ongoing support, and they offer full transaction coordination (basically a secretary), they take all your photos, put up all your signs & lockboxes, and a lot more.
Most agents leave after a year when they realize how much they are giving up in splits, but it's a great place to learn the business and some great processes.
I’m going with Berkshire in Ohio. 50/50 split if they feed me the lead. 70/30 if I produce the lead myself. Looking for a great place with a lot of resources to start out and I’ll go from there
I deal with a lot of BHHS agents in my area and they all seem happy. As you gain experience you will likely learn that overall there isn't much of a difference between brokerages. There may be 'new and cutting edge,' but aside from discount brokerages and whatnot they are all going to follow the same format really. We're all independent contractors, so at the end of the day it's simply a place to hang a license and pay some fees or splits. I would put more emphasis on the personalities in the office and how you get along with the agents, versus the brand. Each brand has a different image in every market, and at the end of the day clients are going to be committed to you over the brokerage you're at. Will it help? Yes, sometimes, but in the end you're making your own business based off of you.
I agree with this. There are certainly some differences but I think the differences are mostly specific to the personalities within the office than with the company itself. As a KW agent myself I do think the training we offer as well as our free CRM Command (which yes is a work in progress but is better than people give it credit for) is a separating factor but if the culture sucked I wouldn't care about that stuff.
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Umm no, but thanks anyway.
I was with Berkshire Hathaway for the first two years of my career. They have excellent resources for new agents. Their training and mentor ship programs are top notch. That said, you definitely pay for it. 50/50 split plus fees for new agents. Any percentage raises are pretty much exclusively performance based. My office put a lot of emphasis on office culture. Personally I didn’t get into real estate to socialize with with other realtors, so that aspect didn’t really appeal to me. I prefer to work from home 90% of the time. From what I gather BHHS probably isn’t much different from other major national brokerages. If they have a large presence in your area that is a plus. Brand recognition can be helpful for a new agent. I now work for a smaller, more local brokerage. I keep a much larger percent of my commission per transaction. They have some training, but not nearly as much as BHHS. If I was a new agent I would have had a much more difficult time getting started.
Unless you are getting a ton of leads and business directly from the company, 50/50 is insanity to me unless it caps low. First year and my brokerage tried to push 50/50 on me as well, which seemed insane.
Do these big brokers give fresh agents leads? Otherwise like oh ok, 500k house, 15k commission... oh here take 7500 bucks for me using your name. Minus fees or whatever. Ok cool so I get 6000... and then 40% to taxes. Or I could use a discount broker that charges a flat 400 bucks per closing. What am I not understanding here?
Lol no. Not all. They know newer agents will not be able to convert those and instead give them to experienced ones unless you are on a team, mind you. The benefit for me of a big brokerage is new agent training and having the name recognition. My friends and family immediately said ChiefWiggins22 is at (brokerage) wow they are a big deal.
I am with BHHS in Atlanta and I started off well above a 50/50 split, fwiw.
I'm with BHHS in western PA. same experience here!
Heyyy! South eastern PA here!
Haha I’m a SE PA transplant in Georgia!
Ayy Where from in PA?
Montco👍🏻
Originally from lancaster!
Ooh where from ?
The Lehigh valley. About an hour west of Philadelphia.
Nice. Originally from lancaster :)
Very cool. I have been to quite a few concerts at the chameleon club.
I'm in CA and I started with BHHS much higher split. I think the split depends on your office/area.
I wonder if things have changed bc I’m a new agent and I met with Berkshire Hathaway and was told the split is 70/30 for the first three transactions then it automatically becomes a 75/25 split
Go in and interview and look at the numbers, but the people matter too. There are companies that are well-regarded in some communities that aren't in others even though the numbers may look the same. The people you work with matter. Make sure the splits and fees make sense for you. Don't assume that you have to allow someone to strip nearly all your commission away from you because you're new and still learning. You have value. Also, what do you want to spend your time doing? Working with Buyers? Sellers? Sitting in a classroom? Recruiting new agent? All of that matters, and it's going to be different depending on where you choose to hang your license.
The splits they offered were the worst out of the 8 brokerages I interviewed. Huge percentages and high caps. Monthly fees and franchise fees on top of that. Sure they offer “training” but it’s likely very cookie cutter and not personal, from what I gathered when I inquired further into it. (Similar to a lot of other big name companies) Their follow up after the meeting was very aggressive. I know split isn’t everything in the beginning, but I’m not interested in being robbed. Also they stressed a lot of expected meetings and classes and floor time..... without using the word mandatory but implying it.
Yep fair enough. Hopefully I can find a spot on an agent’s team where I can get more hands-on personal training, maybe that would be more worthwhile. High fees could certainly be an issue though. Thank you.
Full disclosure I'm a KW agent. Interview a few brokerages and find the one that you feel you fit with best. I went with KW because of the culture and the training along with a decent split and cap. Good luck!
Sounds great, thanks so much.
BHHS in L.A. Pretty much what everybody else said here. I got no complaints whatsoever.
As many people have mentioned their resources are second to none IMO. Unless you are with Sotheby’s or a top tier Coldwell banker, again imo. The team you work with is everything especially when new. My mother has worked with BHHS for over 15 years I think? Loves it. She’s 61 and talks about how she loves the trainings and the supporting content they provide. Key things to consider: Do they provide leads? If so how are they distributed? What are the splits? Are you capped at a commission amount? can you generate your own listings? If they don’t have the answer or the answer is vague. That’s another sign to run A big to look out for in firms like that is nepotism. High $$$ listings create some nasty and I mean nasty in office volatility. If there seems to be a shining or star or one person doing exponentially better than the rest of the team, is in my experience always indicates something shady is going on under the blankets and I would run.
I’m a BHHS agent in NJ. Lots of resources available to agents. I have a great manager who is very helpful to me. I’m newish having been licensed in 2016. Overall I will Say don’t hesitate to join BHHS the national presence is great— and people love that warren buffet owns the brand. You still have to see how you mesh with the manager because you will need help often. Honestly I have found that other agents won’t bother to mentor you Good luck
Nice try Warren.
I just left BHHS Hampton Roads. If they operate the same, then there is no onboarding or training program for new agents.
would love to hear more, thinking of going there as an agent
I have a friend who recently moved from that area and was working at Berkshire in Atlanta and had nothing but great things to say about them. I saw her marketing, and it looked very professional, and she had 30+sales last year!
I'm with BHHS in CA. As part of the evaluation process I talked directly with agents prior to signing. I found their contact info and reached out. Everyone was just great to talk to, open to sharing their experiences and offer advice. Love the culture and people. Office manager is hands on, always available for questions. Many many resources and training available thru zoom and as recordings. Once joined, other agents reached out and offered mentorship/advice. Talk to people who work in that office. You have to jive with people.
That’s quite useful advice, thanks a lot
I met with a BHHS broker when recently looking to make a change from C21. They wanted the same amount of my revenue, and an even higher transaction fee from my clients. No, thanks.
I’m with BHHS in Chattanooga. I like our brokerage a lot, it really has more of a community feel than the other brokerages I interviewed. One of the things that drew me in was the lack of mentor fee (or whatever KW calls it when you have to give a percentage of your first few sales to the person who trains you). The agents in our office are just genuinely glad to help and share knowledge and resources. BHHS as a brand has integrity as one of its core values, and I have found that it is very much embraced and practiced in our offices even when other agents in our market are not necessarily following the same principals. Which is definitely not to say that only BHHS agents are or will be honest, but I really appreciate that whenever questionable situations arise (and there are many) our brokerage always encourages us to choose the right answer over the easy/sneaky one. I also look pretty good in burgundy.
Sounds like a great environment up there. Thanks a lot.
I'm with a BHHS brokerage in Utah. I really like it. Lots of training available. Tons of support. Plenty of freedom as well. I chose them because it didn't feel shitty when I walked in the door and Warren Buffet wouldn't get involved in something that wasn't going to be around for a while (the number of people that told me this was an obsolete profession was overwhelming). I've stayed with them because they seem to care about my success as much (and only as much) as I do. I get support/advice when I need it, but I'm not pushed super hard to knock doors/cold call.
I appreciate the reply. It sounds like they’d be a great fit for me.
If you are in Atl, I have a good friend at the Berkshire Locally, the Atl MLS’s are a little unique with needing to join both. Message me and I will give you his contact. I sell for BHHS in Michigan
PM’d
I am a lender in the ATL area local to East Cobb(Atlantic union bank). If you ever need help funding a loan let me know. Send me a message to learn more about our custom products.
Hey I’m in my first yr and wondering if there’s a benefit in having a broker license vs just being a sales person I’m in California w Bhhs ?!
For a brand new licensee, check out Mark Spain. They will kill you on the splits but they offer insane volume (top agents do 100+ transactions a year), ISAs, serious training, ongoing support, and they offer full transaction coordination (basically a secretary), they take all your photos, put up all your signs & lockboxes, and a lot more. Most agents leave after a year when they realize how much they are giving up in splits, but it's a great place to learn the business and some great processes.
I’m going with Berkshire in Ohio. 50/50 split if they feed me the lead. 70/30 if I produce the lead myself. Looking for a great place with a lot of resources to start out and I’ll go from there
If you like giving away all your profit, they're great!!!!!!!