EXIT Realty or Keller Williams, Part Time

[Joshua S.]

I am currently employed full time as an IT contractor for the Navy (in Norfolk, VA) and am currently in school for my real estate salesperson license. I'm planning to be a real estate agent on the side, part time, and am wondering if anyone can give me any information on who would be the best and most affordable broker to work for. I've heard good things about both EXIT Realty and Keller Williams. My plan is to earn extra income by being an agent so that I can make extra money to invest and also, from what I've read and heard on Bigger Pockets, being a licensed agent is definitely beneficial as an investor.

Does anyone know if Keller Williams accepts part time employees? I know EXIT does.

What fees does an agent have to pay at Keller Williams all together?

I'm starting to wonder if being a real estate agent part-time will prove to be a lucrative endeavor... I've spent $270 on the Real Estate Express course and am approximately 20% finished. My primary goal for becoming a part time agent would be extra money to invest, but with all the fees, I'm not sure if I'm choosing the best route.

Also, does anyone know of any local real estate brokerages in either Chesapeake, Suffolk, Virginia Beach, Norfolk, Newport News, Hampton, or really anywhere in Hampton Roads, that takes part time agents and have low fees and good commission?

Any and all information anyone can provide is welcome and is greatly appreciated.

[Robert Lafrance]

I started at EXIT Realty Professionals and was there for about 8 months. I'm very grateful for the support and resources they provided. I switched to eXp Realty and have never been happier with my decision.

When looking at a brokerage, I suggest you really look into their training, brokerage support, resources, fees, and commission splits.

Training- How and what are they training? Are they the same material or is there new content and speakers?

Brokerage Support- Are agents there to give you the support you're looking for? Not just "you can do it" but telling you the best strategies for business, contracts, admin, any question you have within the scope of real estate getting answered completely.

Resources- Vendors and partners to grow your business. How many are offered? How much are they? Are you paying fees on top of the discounts available? Can you you successfully build and grow your business efficiently and cost effectively?

Fees- Annual fees, fees per transaction, misc fees. take the time to add them up and compare side by side

Commission splits- what's the starting split? Can you make 100% or more? 

I see that you're also interested in the residuals aspect these companies offer. You want to learn how they're paid out.

Good luck on your search! I recommend you talk to everyone providing support so you can really compare apples to apples and have the all right info for the best decision.