Heres something I can't figure out. Say you are a top performing real estate person selling property at 3.95% commission. You get 60% of that as your share.
You can join Mike Pero as a Franchise Owner (sales Person) and sell at 2.95% commission and make 80% of that as your share.
Do the numbers and your are a bit worse off joining Pero.
Why would you join Pero with its 261 listings rather than say Harcourts who have 14,600 or Barfoot and Thomson who have over 300 listings in the $1m+ bracket.
Real Estate Agents haven't been flocking to Pero's door. without agents you don't get the listings. Few listings = few sales which = minimal, if any, profit.