Any downside to letting a KW agent refer me for recruitment?

[Shawn Regnier]

Hi, I'll be taking my RE exam next week, so if/when (I feel confident it will be "when") I pass I will need to hook up with a broker. After many hours of researching and asking questions on BP, I've decided Keller Williams would be my best bet; due to their incredible training system for newbies.

I told one of my client's (non real estate client) which office I was interested in, and they knew an agent that had worked there previously. That agent told my client to tell me to ask for "such and such" at the office, and to let him know that "such and such" sent me. 

I know there's some kind of profit sharing in KW, but I'm not really familiar with how it works; all I've been doing is studying for my exam. If I drop the name of Agent "such and such" will there be any cut taken out of my commission on future sales, and given to the agent that said to give them the referral?

Sorry for what probably sounds to you all as a silly question, I'd just like to understand how referral/recruitment works; if that's even a thing in KW.

[Chris Mason]

Originally posted by @Shawn Regnier:

Hi, I'll be taking my RE exam next week, so if/when (I feel confident it will be "when") I pass I will need to hook up with a broker. After many hours of researching and asking questions on BP, I've decided Keller Williams would be my best bet; due to their incredible training system for newbies.

I told one of my client's (non real estate client) which office I was interested in, and they knew an agent that had worked there previously. That agent told my client to tell me to ask for "such and such" at the office, and to let him know that "such and such" sent me. 

I know there's some kind of profit sharing in KW, but I'm not really familiar with how it works; all I've been doing is studying for my exam. If I drop the name of Agent "such and such" will there be any cut taken out of my commission on future sales, and given to the agent that said to give them the referral?

Sorry for what probably sounds to you all as a silly question, I'd just like to understand how referral/recruitment works; if that's even a thing in KW.

 IMO your best bet as a new agent is to suck up all the good noobie training KW is known for, but let ALL things pertaining to their concurrent pyramid scheme "profit sharing" go in one ear and out the other. Keep your eye on the ball, and that isn't it. 

I have no desire to sell houses, but sat for the CA real estate agent exam in Oakland recently (done in 47 minutes, I dare you to beat my time) and a KW agent was sitting there in the hallway trying to recruit... jeez. Has that agent lost focus much, ya think?

Speaking of that test, everything you learned pertaining to mortgages so you could pass that test is factually wrong, don't be that new agent asking about "savings and loan" associations or telling someone to "call your insurance agent to get a mortgage." What "average Joe consumers" know is more accurate than what you were just forced to memorize. :P