KW vs Coldwell Banker

[Preetinder Singh]

Hi everybody my name is Preet and I am from West Hartford Connecticut. I am interested in acquiring my real estate license and starting my classes to get it next month. The only thing that I need to know or while I take the classes is what broker I am going to end up working with. Because I guess there is a thing where you need to know that before you acquire your license. Now I’m trying to find out the pros and cons of Keller Williams and Coldwell Banker because I’ve done my research and so far they both meet my top two. From what I’ve heard is that KW lacks in training, but some people deny this and say they’re good with their training and also the cap system is set up good so if you meet their cap, the rest after that is straight commission. As for Coldwell, I’ve heard mixed reviews about it so far, some being that they have a lot of fees and even their training is outrageous. Can somebody just let me know their side so I can just stem off from there, please and thank you!

[Charlie MacPherson]

@Preetinder Singh Here's a list I used to interview brokers for our upcoming relocation to Maine.  I hope it's useful.

BTW, for me it was down to KW or the Bean Group (a regional player with 30-something offices.  Bean had a better comp plan.  Better split, smaller cap, no $3,000 annual contribution to corporate.  

I'm signing on with the Bean Group in the next few weeks.

Brokerage name: 

Expenses

Desk fees: $

Transaction fees: $

Tech fees: $

Marketing fees: $

Other fees: $

Office Policies / procedures

Mandatory desk time?

If so, is it profitable or just unpaid secretarial work?

How many deals came directly from desk time over the last year?

How frequently are office meetings held?

Covering what topics?

Are they mandatory?

Broker tours?  Mandatory?

Other office activities required?

Does the company do leadgen?

If so, how are leads distributed?

What tools does the company provide? (CRM? Docusign? CMA tools?)

Financial

Comp plan?  Split?   Cap?

Split for self generated leads?

Split for company generated leads?

Does the company provide E&O?Amount?