If you are planning a career in real estate then you’ll want to discover the top real estate companies to work for in the U.S.. Currently, it is a historic year for real estate. Sales are booming and, in many cases, there are too few MLS listings to meet the demands of hungry buyers. Nationwide, most houses stay on the market for less than a week before receiving several offers. In hot selling regions of the country, real estate sales quickly become a bidding war. Very few homes sell for only the asking price; instead, the multitude of offers inflate the home’s value often far beyond the seller’s dreams. The market is hot right now and working as a realtor has become a very lucrative business. When picking a brokerage, you might wonder which top real estate companies to work for?
A Career in Real Estate
The burgeoning market has made the need for real estate agents even more outstanding than in previous years. Nowadays, an agent can pick and choose between brokerages. However, with close to 90,000 real estate companies nationwide, it is hard to pick the best. Picking the top real estate companies to work for in 2021 takes a bit of research. With so many choices, you might feel overwhelmed. This article will examine the top real estate companies nationwide and what makes each one stand out from the rest.
Top Real Estate Companies in the U.S.
Let’s examine the top real estate companies to work for in the U.S. Each one has its perks and drawbacks. However, in such a booming market, all hold the promise of providing an agent with a stable brokerage house and many other perks.
eXp Realty
The cloud-based real estate brokerage eXp Realty was founded in 2009 and has become a leader in the industry. It won the much-coveted #1 Independent Brokerage honor awarded by the 2020 REAL Trends 500 Report. Without a doubt, it is one of the fastest-growing agencies nationwide.
The COVID19 pandemic has made virtual businesses extremely popular. With eXp Realty, you work remotely, so you don’t have to worry about desk fees. They also do not charge franchise or royalty fees. Each agent that works for the virtual brokerage has a cap of $16,000 that is achieved with an 80/20 split. Once your cap is met, then you get to keep 100 percent of your commission!
There are also other ways to make money with eXp, such as getting paid a percentage of the commission of any agent you recruit. Also, the brokerage has genuinely generous stock options that you can enjoy once you reach your cap for the year.
With eXp, you set your hours. Work as little or as much as you want. You can opt to be a part-time or full-time agent. The company is dedicated to offering flexibility to all its agents.
Are you new to real estate? With the eXp training platform, you can enjoy a live orientation complete with interactive classes, so you’ll know exactly how to get started with the brokerage so you can quickly focus on making your first sale. You’ll have access to over 50 hours of classes, so you are prepared to hit the ground running with a career in real estate.
Keller Williams
If you seek a respected brick and mortar real estate brokerage, then Keller Williams rises to the top as one of the best real estate companies to work for. In addition, you’ll have the opportunity to participate in in-person classes, which is excellent if you are a new agent who is still learning the ropes. With all-time low mortgage interest rates, it has never been a more promising time to pursue a career in real estate.
Keller Williams is not a new kid on the block. The real estate brokerage has been in business since 1983 and is a universally recognized real estate brand. The company was founded by Gary Keller, considered one of the most influential people in the industry.
New agents have access to the Keller Williams training program called BOLD, which helps teach how to generate leads and build a successful career in real estate. The program takes you through all the necessary steps.
The Keller Williams University is an added training platform that regularly hosts various real estate classes in a wide array of topics. In addition, relevant tips and information are also regularly supplied for KW agents.
All Keller Williams Centers have their cap, which varies by region and is based on the local real estate market and brokerages expenses. A percentage of the commission always pays the cap, and another percentage goes toward the brand’s franchise fee. Once you hit the cap, you can keep 100 percent of your commission. If you recruit an agent, then you will also receive a percentage of their commission.
Re/Max
When working at Re/Max, you can expect things to be very traditional. The company is highly respected and widely recognized nationwide. It is regularly active in metropolitan areas.
Currently, Re/Max has no set policy on caps, and each agency figures out things at the local level. Therefore, if you consider working at Re/Max, you’ll need to meet with the brokerage management to figure out the fees. In most cases, experienced agents can negotiate a deal where they get paid at the front end of the cap to use the money for tasks like promotion or marketing. However, one thing to note about Re/Max is that the desk fees are always remarkably high.
Coldwell Banker
Another timeless classic in the real estate realm is Coldwell Banker. The brand is respected and trusted by sellers and buyers.
Coldwell Banker does share similarities with Keller Williams. Regional offices set each cap. Splits and desk fees also vary. Even if you hit the brokerage’s cap for the year, you will still need to pay the franchise fee from your commission which is 8 percent.
Fathom
Virtual, cloud-based real estate brokerage firms are booming, and Fathom is a leader in the relatively new niche. It is one of the best real estate companies to work for in the U.S. if you want to work part-time. You get to keep 100 percent of your commission if you pay a flat fee on every commission you make.
Fathom stands behind their agents and provides them with access to the best real estate technology, a bevy of training opportunities, and agent support. When you decide to work with Fathom, you receive 500 business cards, a brokerage shirt/blouse, and name badges.
This is just a tiny sampling of the top real estate companies to work for. Upon research, you’ll find that each has its pros and cons, but they have all built an impeccable reputation for being fair and supportive of their agents, making them leaders in the industry.