When starting a new real estate career, or even when just changing brokers to start a new trajectory, often time agents have a LOT of questions that they want answered. We’ve attempted to address the most commonly asked questions below, but if you have a question that isn’t answered, please don’t hesitate to contact us.
How Much Can I Expect to Earn?
Your earning potential is limited only by what you put into your business. Grobecker & Co. offers the best available training and coaching, but ultimately YOU have to do the work to grow your business.
How does a virtual office make me a better agent?
Virtual offices are the future of real estate. As Realtors, our job is to be out showing property, not sitting in an office shuffling paperwork. Not only does a virtual office make you more efficient, but it also streamlines overhead. As a broker, I pass this savings on to my agents. I provide the virtual office business strategy that you’re welcome to customize to your needs.
What is the Commission Split?
Agents receive 100% of their commissions and pay a flat broker fee of $500. This fee includes E&O insurance.
Who handles my paperwork?
Once you are in escrow, one of our four full-time transaction coordinators can assist. The TC can jump in from the beginning and orchestrate the entire flurry of contracts for $325. The second option is that the agent pushes out all the contracts and opts for a file review prior to the cloes of escrow. The fee for this service is $150. The most productive agents opt for option one, the full service TC, however the choice is yours.
Benefits of working with Grobecker & Co.:
- Get paid within 3 days of closing escrow directly from the title company
- No monthly franchise, office desk or start-up fee
- No quotas required
- Full-time broker support with sales, marketing and technical training
- We provide FREE $1,000,000 Errors and Omission (E&O) Coverage for real estate transactions
- FREE associate email address and no website fee. Agents are welcome to use the company email address or their personal. Also, agents can create their own website brand.
- FREE business cards and signage templates
What is the Vision and Mission of Grobecker & Co.?
Our Mission is to exceed our customer/client expectations while increasing the growth and profitability of our associates and company by promoting success through: Community Service, Teamwork, Consulting, Technology, Ethics, Training, and Recruiting. Our Vision is to be the benchmark in the real estate industry by consistently raising the standards of excellence.
What is the office policy for advertising?
Grobecker & Co. has long advocated for promoting the agent, not Grobecker & Co. That being said, agents are encouraged to develop their own brand and advertising so long as it falls within SFAR, CAR, NAR and MLS guidelines.
Does the Broker compete for listings?
No. Our broker does not actively compete or market for listings. As a matter of fact, our broker has taken a hands on approach to helping agents develop THEIR business by serving as the market center business coach.
How does the office advertise?
Through online mediums such as Trulia, Zillow, Craigslist, Redfin, Yelp, Google, LinkedIn, and Facebook. Agents are welcome to purchase their own leads as every agent has their own tactics and desired target market.
Here’s the bottom line:
Average California property: $500,000
2.5% commission: $12,500
Less broker fee ($500): $12,000
Agent keeps 99% of transaction revenue!
What if I’m a new agent?
Grobecker & Co. has joined with the California Association of Realtors to offer customized pre-license training.
Interested in working with us? Apply today or schedule a meeting! Call (415) 259-7232