The 6 Best Real Estate Companies To Work For (And Why) In 2023
With over 100,000 real estate companies active in the US today, choosing the right fit to begin your real estate career 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.
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Best Overall Real Estate Brokerage
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 the #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 company to work for because of the training they provide, its competitive commission split, stock options, and the unique retirement opportunity you can build through its revenue share program.
Another reason that eXp is at the top of my list is its 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 every new real estate agent to join. It has a live orientation and interactive classes covering everything you need to know to start.
In addition, new and existing agents can access over 50 hours of live classes and events each week through eXp University.
Topics include basic introductions to eXp and how to navigate eXp’s various systems. In addition, there is also information on subjects like accounting and best real estate practices for success.
eXp strives to provide the resources and support you need to build your real estate business. Whether you need help with onboarding, tech, accounting, or a specific transaction, eXp can help you.
eXp’s helpful customer service is available Monday through Friday, from 9 am to 8 pm EST.
A major perk of being an eXp agent is the various ways you can acquire company stock.
One asset offered by the real estate brokerage is the Sustainable Equity Plan. This plan awards stock to agents for completing specific tasks. These could be closing their first home, 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. Once they do, they will receive their $16k cap back as 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. This program 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 generated by other agents they bring into the company.
This percentage of revenue comes out of the company’s pocket as part of its 20% split. It 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 become a successful real estate agent.
Best For New Agents
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 begin their real estate journey.
Founded in 1983, Keller Williams maintains a significant presence in the real estate industry today and is a recognizable real estate brand. 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 real estate business.
The program helps agents overcome their own potentially self-limiting beliefs and be as productive as possible in growing their real estate business.
Keller Williams University (KWU)
Keller Williams University is a training platform that hosts actual estate-specific classes on various topics. It is regularly updated with new tips and information from leading agents within Keller Williams.
Several training options are available, including on-demand course streaming and 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.
Best For Part-Time Agents
Like eXp realty, Fathom Realty is a cloud-based real estate broker 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 an excellent option for part-time agents who like the flexibility of a cloud-based real estate broker 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. A $500 annual fee is also 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.
Best For Luxury Agents
In my opinion, Century21 is the best real estate company for luxury agents, with a brand built around luxury homes and many luxury agents behind their names.
Founded in 1971, Century21 is one of the world’s most recognizable real estate brands, with over 11,600 independently owned franchise brokers in 83 different countries.
Rome wasn’t built in a day, nor was a real estate broker empire like Century21. Century21 knows that steady development is the key to long-term success. Their training platform, Century21 University, helps agents grow their real estate brands and achieve their goals.
You can choose from various 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.
Best For Commercial Agents
CBRE specializes in commercial real estate properties. It is the world’s largest commercial real estate service and investment company. They’ve consistently been on 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 company holidays.
With a heavy focus on training and continuing education, CBRE helps everyone become a successful real estate agent. They offer nearly 100 training packages and a variety of tools to help agents advance their careers. These tools can help experienced agents and those completely new to the real estate industry.
Best Commission Split
JP & Associates Realtors
JP & Associates Realtors is a fast-growing brokerage firm, opening 30 franchises across the nation in its first six months as a firm.
JPAR is my pick for a real estate company with the best commission split since you get a full-service brokerage on a transactional fee model.
JP & Associates Realtors makes it easy for a Realtor to succeed by providing hundreds of training classes each month.
One asset is their extensive on-demand training library. It includes topics like recruiting, best business practices, and tools like Travis Robertson’s The Real Estate Playbook.
JPAR also offers a successful mentorship program to help agents grow.
JP & Associates Realtors has a $550 transaction fee up to an impressive 20-deal cap.
Other fees that the firm charges 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 2023
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 brokerage firm for your real estate career will depend on how long you’ve been a Realtor, whether you are a part-time or full-time real estate agent, and if you specialize in residential or commercial real estate.
Whatever your situation is, these six companies are great contenders for helping you grow your real estate career.
If you read this post and you’re considering changing real estate companies, check out my post on how to tell your real estate broker that you’re leaving.
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