Real Estate Agent - MLM Model

[ALC]

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.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[p0stscript]

Personally the MLM part would make it a big NO from me, ivI' been a guppie so 'cheers but no thanks from me'.
Ask yourself what is the value of learning the business doing it this way, could you do it another way and have control?

 

[ALC]

Personally the MLM part would make it a big NO from me, ivI' been a guppie so 'cheers but no thanks from me'.
Ask yourself what is the value of learning the business doing it this way, could you do it another way and have control?

I don't trust the MLM product based, because everybody can do it.

But in the R.E it's an other level, there's a lot of consequences and knowledge required to perform.
Also, the potential of these network is to build your own team in France, Spain or any other country and earn money on your downline, and be able to travel a bit while earning money from your downline.

You also don't have to pay them as a traditionnal agency as they are independant and they don't cost you anything excepted time to help them to learn the R.Estate activity.

That would be me i would go solo for the control, but in the MLM you lost control (you're not the dude who choose to modify the pay plan/commissions..) but you have the TIME, SCALE.. : once you got a team, you can work less and the business can run by itself, excepted some phone calls from your downline.
You can also SCALE where the MLM goes.