Hi Fastlaners,
I was wondering what's your thought on the MLM based model for Real Estate, used by Keller Williams and many others.. ?
I mean, can we trust this type of businesses specially in this industry ?
Can we trust this business model in itself ?
I've met 2x Team leaders just in order to learn what they were doing because i have friends who want to join these network and all they were selling me was : Earn a lot of money (i'll passed on that because everyone can make a lot of money if his good enough), 600m² of office space (open space) and the ability to build my own team and earn income on them..growth sharing too.
The thing is, that in France there's so many of these MLM Real Estate businesses and they are all selling the same thing "We're n°1 and you'll do great here".
I'm a beginner in this industry, so there's my question :
> Build your own way as a solo R.E Agent or join a MLM R.E and learn as you go and then after this build your own.(Agency/MLM Network Marketing) ?
In these network, you earn about 70% of the commission on [5-7%] fees.
When you have a team, you earn 7% on the 30% left of the 70% (you earn the 7% on the % left for the network, so then you don't touch the commissions of the agents) that's for the first 10 peoples, then it's decreasing as the revenue are increasing.
I was wondering what's your thought on the MLM based model for Real Estate, used by Keller Williams and many others.. ?
I mean, can we trust this type of businesses specially in this industry ?
Can we trust this business model in itself ?
I've met 2x Team leaders just in order to learn what they were doing because i have friends who want to join these network and all they were selling me was : Earn a lot of money (i'll passed on that because everyone can make a lot of money if his good enough), 600m² of office space (open space) and the ability to build my own team and earn income on them..growth sharing too.
The thing is, that in France there's so many of these MLM Real Estate businesses and they are all selling the same thing "We're n°1 and you'll do great here".
I'm a beginner in this industry, so there's my question :
> Build your own way as a solo R.E Agent or join a MLM R.E and learn as you go and then after this build your own.(Agency/MLM Network Marketing) ?
In these network, you earn about 70% of the commission on [5-7%] fees.
When you have a team, you earn 7% on the 30% left of the 70% (you earn the 7% on the % left for the network, so then you don't touch the commissions of the agents) that's for the first 10 peoples, then it's decreasing as the revenue are increasing.
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