With over 100,000 real estate companies active in the US today, choosing the right fit for you can seem daunting. When making your choice, you’ll want to consider the market you are in and the level of training you desire. Below are my picks for the six best real estate companies to work for in the coming year.
My overall pick for the best real estate company to work for
1. eXp Realty
Founded in 2009, eXp Realty is a cloud-based real estate brokerage that has built an empire in record time.
eXp was named the #1 Independent Brokerage in the 2020 REAL Trends 500 Report, and #1 Mover in Transactions with an increase of 77.8% from 2018 to 2019.
eXp is my top pick when considering the best real estate companies to work for because of the amount of training they provide, their competitive commission split, stock options, and the unique retirement opportunity you can build through their revenue share program.
Another reason that eXp is at the top of my list is their focus on company culture. At its basic level, eXp is about agents working together as a community to help each other succeed.
The eXp training platform makes it easy for new agents to join, with a live orientation and interactive classes that cover everything you need to know to get started.
In addition, new and existing agents can access over 50 hours of live classes and events each week through eXp University.
Topics include everything from basic introductions to eXp and information on how to navigate eXp’s various systems, to accounting and best real estate practices for success.
eXp strives to provide the resources and support you need to build your business, whether you need help with onboarding, tech, accounting, or a specific transaction.
eXp’s helpful customer service is available Monday through Friday, from 9am to 8pm EST.
A major perk of being an eXp agent is the various ways you can acquire company stock.
eXp’s Sustainable Equity Plan awards stock to agents for completing specific tasks, like closing their first home of the year, reaching their yearly cap, or when an agent they sponsor closes their first home.
Another way to acquire company stock is by earning the ICON Agent Award. For this award, agents must meet specific production and cultural requirements, after which they will receive their $16k cap back in the form of eXp Realty stock. Eligibility for ICON renews every year based on your anniversary date of joining the company.
Lastly, agents can participate in the Agent Equity Program, which permits eXp Realty to withhold 5% of an agent’s commission in exchange for company stock at a 10% discount.
Commission and Revenue Share
All eXp Realty agents have an 80/20 commission split with eXp.
As an added benefit, eXp offers a revenue sharing program that rewards agents with a percentage of the revenue that is generated by other agents they bring into the company.
This percentage of revenue comes out of the company’s pocket as part of their 20% split and does not affect the 80% agent commission.
Revenue share is a great way to build passive income and a legacy that will continue to grow as you grow your business.
Which real estate company is best for new agents?
2. Keller Williams
If you are a brand new agent, Keller Williams is one of the best real estate companies to partner with. Keller Williams offers a lot of hands on, in-person training to help agents get started in their real estate journey.
Founded in 1983, Keller Williams maintains a significant presence in the real estate industry today. Infact, co-founder Gary Keller is often referred to as one of the most influential people in real estate, and is well-known for his best selling book, “The Millionaire Real Estate Agent.”
Keller Williams claims to be the largest real estate technology franchise when it comes to agent rosters, and was named the #1 franchise brand by sales volume in 2019.
BOLD is a Keller Williams training program designed to teach new agents to generate leads, use proper language, and build a business.
The program helps agents overcome their own potentially self-limiting beliefs and be as productive as possible in order to grow their business.
Keller Williams University (KWU)
Keller Williams University is a training platform that hosts real estate specific classes on a variety of different topics. It is regularly updated with new tips and information from leading agents within Keller Williams.
There are several training options available, including on demand course streaming as well as carefully designed learning paths aimed to guide agents through their professional development one step at a time.
You’ll also find interviews between Gary Keller and some of the leading agents across the country, as they share their secrets of success.
Which real estate company is best for part-time agents?
3. Fathom Realty
Like eXp realty, Fathom Realty is a cloud-based real estate brokerage that is quickly gaining traction.
Currently the 11th largest independent brokerage in the nation, Fathom Realty has ranked as one of the fastest growing companies in America six years in a row by Inc.500 and Inc.5000.
Fathom Realty is a great option for part-time agents who like the flexibility of a cloud-based brokerage, while keeping more money in their pocket with flat-fee commission plans.
With Fathom Realty, there are no commission splits on residential transactions. A $450 transaction fee applies to the first 12 sales of the year, after which the transaction fee lowers to $99 per sale. There is also a $500 annual fee applied to the first transaction every year.
Other commission plans include an $85 fee per lease, and a 90/10 split which applies only to commercial real estate.
Fathom also awards stock grants with every successful real estate sale or agent referral.
Which real estate company is best for luxury agents?
In my opinion, Century21 is the best real estate company for luxury agents, with a brand that is built around luxury homes and a large number of luxury agents behind their name.
Founded in 1971, Century21 is one of the most recognizable real estate brands in the world, with over 11,600 independently owned franchise brokers in 83 different countries.
Rome wasn’t built in a day, and neither was a real estate empire like Century21.
Century21 knows that steady development is the key to long term success. Their training platform, Century21 University, is designed to help agents grow their business and achieve their goals.
You can choose from a variety of training formats, like live online instruction, classroom instruction, social network groups, and access to the video library.
Century21 has a 50/50 commission split, and an 8% franchise fee. With Century21, there are no desk fees or upfront monthly costs.
Which real estate company is best for commercial agents?
5. Coldwell Banker Richard Ellis
CBRE specializes in commercial real estate properties, and is considered to be the largest commercial real estate service and investment company in the world. They’ve been consistently ranked in the Fortune 500 since 2008.
The company offers a broad range of services, from property management to mortgage and development services.
Full time employees receive a comprehensive benefit plan, including medical, dental, vision, disability, and life insurance. CBRE also offers a 401k plan, employee assistance and discount programs, paid vacation, and paid company holidays.
CBRE is dedicated to helping their agents develop professionally, with a heavy focus on training and continuing education. They offer nearly 100 training packages and a variety of tools to help you advance your career, no matter which stage of the journey you are in.
Which real estate company has the best commission split?
6. JP & Associates Realtors
JP & Associates Realtors is a fast-growing brokerage, opening 30 franchises across the nation in its first six months as a company.
JPAR is my pick for one of the best real estate companies with the best commission plan, since you basically get a full-service brokerage on a transactional fee model.
JP & Associates Realtors makes it easy for realtors to succeed, by providing hundreds of training classes each month.
There is an extensive on demand training library, including topics like recruiting and best business practices, as well as tools like Travis Robertson’s The Real Estate Playbook.
JPAR also offers a successful mentorship program to help agents grow in their career.
JP & Associates Realtors has a $550 transaction fee up to an impressive 20 deal cap.
Other fees include a $150 transaction fee per lease, a $150 fee per referral, and a $550 fee for commercial transactions.
Final Thoughts on the Best Real Estate Companies to Work for in 2021
In the end, the best real estate companies to work for are the ones that provide the most support and resources for their agents to help them succeed.
Finding the perfect fit for you will depend on how long you’ve been in the industry, if you are a part-time or full-time agent, and what type of real estate you specialize in.
Whatever your situation is, these 6 companies are great contenders for helping you grow your real estate career.