Thread: Zip Realty

Hello all,

I'm currently studying for my license and plan on taking the CA exam in the early fall. I'm researching different agencies to work with and am interested in Zip Realty. I'm really into technology and like how they do business. I'm wondering if there are any Zip agents out there, or if any of you have any experience with them. For those of you in Northern California, specifically the Solano County area, can you recommend anyone?

Also, I work an office job and want to start out as an agent part-time for awhile. I need to have my income while I get started. I am available early and late evenings and weekends. How realistic is this? Is it something I can do?

Thank you!
Karen

I see 30 or so of you have read the post, but no one has any comments. That must be a bad thing. How about Exit Realty. Thee seem to be gaining steam in my area and I'm wonding about them as well.

Thanks!

I did a deal with a local Zip agent and could not believe how little she kept of a deal. First off they are rebating 1% of the PP to the buyer so her starting commission was already knocked down by 40%. Now of the remaining 60% she only keeps 40% so of a $5,000 commission she ends up with a gross check for ($5k * 60% *40%) or $1200. That isn't worth teh time and effort a deal takes in my opinion.

As for Exit at least you can get to 100%, but they are more geared towards recruiting than selling homes from what I have seen. You get a cut of everything that an agent does if you recruit. I like the Keller Williams model better as its still based on production and recruiting, but it comes from the owners pocket not the agents. Plus you get to 100% much faster with KW.

You obviously don't understand the Exit Formula. The sponsoring residuals do not come out of the agents pocket. This couldn't be further from the truth. They are also easy to understand and substantially larger than any "profit sharing" Keller Williams can offer.

Exit: The agent gets 70% of the first $100,000 gross commissions. The sponsoring agent will get 10% ($10,000 per year) as a thank you from EXIT REALTY CORP. This 10% actually comes from the brokerages 30%. After the agent caps out at $100k he/she will change to a 90% split and there are no more sponsoring bonuses for the sponsor in that calender year. The bonus is not tied to the profit of the brokerage and is an easy 10%. Could YOU do something with that? You can see that if an average agent could sponsor in 2-3 average agents they could easily get well over 100%. Not to mention 7% retirement and 5% death benefits. Could YOU do something with that?

Keller Williams: Well nobody can fully explain the sponsoring bonus. You will not be able to plan ahead because it is tied to the firms "profit" and who knows what that will be. Especially if the broker needs a new BMW or "business cruise". In fact when you get a cup of coffee you are taking from the "profit" and directly affecting your bonus. We wont even talk about the multi-level pyramid scheme, AMWAY thing this is. Its just like other pyramid schemes. If you were in first then you may do well but its probably too late for that.

If you are interested in the fastest growing real estate franchise that North America has ever seen, we need to talk! The training is world class and second to none. The single-level sponsoring bonus offers a future for RE agents that wasn't available before. Could you use an extra $10,$20 or $100k. The sky is the limit!