Seeking Highly recommended Agencies for New Agents in Michigan

[Angela Williams]

I'm a Michigan resident in the Metro Detroit suburbs (Northwest side) and I just passed the Michigan state RE Exam..Yayy..

Now, I'm considering an offer from a large firm that is known for extensive training, but...

-Commission is typically split around 50/50 .  

-The desk  fees range from $12,000 - $15,000 

I'm wondering  the following:

1) Is this is a good offer for new and dual career agents?  

2) Also, I would like to know whether or not these type of contracts requiring $12,000 per year are binding if it doesn't work out and you decide to leave that agency all together?  

Does anyone else have experience with these sort of contracts?

Please share your thoughts!!       Thanks in Advance, Everyone!!

[Scott Matthew C.]

@Angela Williams

I would run away as fast as you can from that brokerage!! What they are offering is ridiculous!

- 50/50 split... that’s pathetic

- 12 to 15,000 desk feee, that’s pathetic

- you will be billed every month a $1,000 for 12 Months. That’s a joke! Are they going to provide you listings and buyers when you start? Probably not.

- there are Brokers that will allow you to hang your license with them to only do personal investments. Some will allow you to service the general public. Search MI brokers here on BP and ask them.

Interview with at least 3 other brokerages.

Best of luck!