I have been doing some research on the various residential real estate firms out there pertaining to starting my career as a real estate agent. I’m looking at the Chandler, AZ area; near Phoenix and some of the firms i’ve noticed there are Keller Williams, Remax, Coldwell Banker, and Realty Executives. I really know that area well and enjoy it there. KW seems to have a solid program for new agents but what about the others, does one have a better repuatation than another in terms of helping new agents getting started? How about the pay structure? Do any firms offer group benefit plans? Which is best/worst for "office" fees? As a new agent, given the current state of the economy, what number of sales can a new realtor expect in their first year or what can they expect to "take-home" in their first year on average?

Also, I’m thinking of eventually getting my broker’s license after 2-3 years and say for example I start out with Coldwell Banker but end up franchising as a part of Remax, is this normal? Once I would start my own franchise, I assume i’m the only realtor there until I hire others and build it up? Do the franchiser’s assist in building the new franchise with staff support/agents? On average, how much capital does it take to start your own franchise?

I’ve got plenty of questions and any and ALL of your input is greatly appreciated!!

Its a VERY tough business and don’t expect other agents even in your own office to be much help. Interview several managers in the different firms in your locale and see how much "hand-holding" and education they provide. Bigger firms put out the large advertisements and you don’t have to pay for it if you get a listing. Advertising can take a big chunk out of your gross pay. There are lots of other costs associated with being a realtor…ask your manager for the details. Don’t expect to make big money for awhile. I know many agents who barely make one or two sales a year the first year or two. Depends on your area and how many other agents there are. The ones who have stuck it out throughout the various real estate markets are usually the ones who get the real $$$. You may consider getting on a team with a seasoned agent and do the "schlep" work and get some experience that way. You shadow them and see how they get the listings and buyers. Good Luck!