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I know I must have an active Real Estate Sales Associate license to place my license with a broker, but do I need to be a member of an association in order to be a part of London Foster?
How long has London Foster been in business?
London Foster has been in business from 2013.
What exactly is “100% Commission” and how do you make money?
At London Foster, we want you to keep all your hard-earned money. We do not charge a monthly or a desk fee. We do not charge our EMPOWERED agents a franchise fee. We don’t work from the traditional commission splits of 60/40 or 80/20, as do other firms. We charge a flat fee to all our EMPOWERED agents; it doesn’t vary regardless of the amount of the transaction. Whether you sell a $200,000 condo or help your buyer with the purchase of a $2,000,000 home we charge the same flat fee. How much of that fee comes from your commission depends on you. As we grow, so does your potential. Volume is how we remain profitable!
I’ve been working for a traditional Real Estate firm my whole career. Last year I closed 7 deals representing either the seller or the buyer. How much money am I realistically going to save by joining London Foster?
This is a great question. It is one of the most frequent questions, Realtors ask! The sky's the limit with London Foster. We want you to strive, grow, and keep as much of your commission as possible. We have developed an easy tool for you to calculate how much money you could have saved last year, if you had joined London Foster sooner! Click on the Commission Calculator link below to calculate the difference between London Foster and your present firm.
Can I place my license with London Foster as a Broker?
Yes, of course.
We have many Brokers that have come to London Foster to enjoy the benefits of a full-service Real Estate Firm with exceptional marketing and education, not to mention 100% Commission.
All you need to do is change your license from Broker to a Broker Associate status, when joining London Foster on www.joinlondonfoster.com.
Does London Foster allow agents to form teams within the firm?
We love teams! At London Foster, we want you to be an Empowered Agent! We like to think of each of our Realtors as fully functioning independent businesses. We want you to strategize and run your business the best way you see fit. Being a member of a team is a great way for empowered agents to pool their resources and strengths to strive in our industry.
How many offices do you presently have? Can I access any of them or am I assigned to one office?
London Foster is constantly growing. Our South Florida offices are in Downtown Dadeland, Hialeah, Miami Beach, Weston, Aventura and West Palm Beach. As a member of our team and as a London Foster Empowered Agent you can access any of our offices at any time. We have an open-door policy for all London Foster Empowered Agents. London Foster recently opened our offices in New York. We have plans to expand into New Jersey, Pennsylvania, Connecticut and Georgia, in the coming year.
How many agents does London Foster have?
Why should I pick you as my broker?
How often do you provide training to agents?
Reaching my broker is essential to me. How do I best reach you?
At London Foster, your Broker is here for you. As the broker, Bobby Mahallati is eager to help you learn and grow. He is available for you 24/7. London Foster has implemented some great ways to help keep you in constant communication with your broker.
Instead of “Monday Morning Meetings”, at London Foster, we gather electronically on a private Chat Group dedicated exclusively to Real Estate.
You can call your broker at 305-514-0100. On this line one of his assistants delegates any concerns or questions to the right party.
You can always email him on firstname.lastname@example.org or text him via WhatsApp. He will call you immediately to assist.
What exactly do you provide regarding marketing support?
You state that London Foster provides an IDX Website. What is the cost of a basic website?
Does London Foster have an Escrow Account? Why does having an escrow account benefit me as one of your Realtors?
Absolutely. Our London Foster Escrow Account is a great benefit to our Empowered Agents and their clients. We strongly recommend using our Escrow Account to help you with your earnest money or first deposit to facilitate the process for your client’s Rental or Sale. Imagine having the first month’s rent or an initial deposit in escrow and being able to provide an Escrow Letter with your Contract to Lease (CTL) or an Escrow Letter in 10 Minutes. We also can pay you from those funds and transfer the remaining funds to the title company before the closing.
Tell me about EZ Escrow with London Foster
I have read all about your back office technology and I know you have an online presence exclusive to me as one of your Realtors. What exactly is it and how does it help me?
I have several colleagues that will follow me when I join London Foster. Are there any recruiting incentives at London Foster?
At London Foster, we love hiring from within. We encourage our agents to tell their colleagues how happy they are, and they do. We also provide an incentive for our Empowered Agents to bring us new team members. For every agent you register who joins we reduce your next sales transaction by $100.
My present broker is very slow to pay. I am constantly having to follow up with her to get paid. How does London Foster help expedite my payment?
At London Foster, we pride ourselves in getting our agents paid quickly. You can be paid by electronic check, ACH, electronic payment, or a standard check. We can also send payment by wire for a nominal fee of $35. You can also request a CDA - Commission Disbursement Authorization - and be paid at the closing table.
Ok. I’m ready to move my license to London Foster, how long will the transition take?
The moment you finish signing the Independent Contractor Agreement, you are a London Foster agent and you can practice Real Estate under London Foster. We help make a smooth transition. Once you sign up online, we can have you up and running in less than 24 hours. Just sign up online, we will make the transition immediately. We set you up with the Association, the Department of State, and the National Association. Within minutes, you will receive a confirmation email and you can start your branding and digital marketing right away. The association takes around 24 hours to have you updated on the MLS and Form Simplicity. In the interim, we have all the most common contracts available to you in our online back office.
Which Realtor association is London Foster part of?
Beach & St. Lucie includes the following counties: Broward County, Palm Beach County (with the exception of Palm Beach Island), Saint Lucie County.
Can I edit, add, and input my own MLS listings?
How long does it take to get paid?
At London Foster, we pay you immediately. We utilize electronic checks to pay associate commission. In addition to this, you can utilize our revolutionary cloud-based platform to request a commission disbursement letter and get paid at your closing by the title company.
What is your cancellation policy and can I keep my listings?
Angaben gemäß § 5 TMG:
BöCon Planungs-, Vertriebs- und Baubetreuungsgesellschaft mbH
Telefon: +49 (0) 511 64 20 99 1-0
Telefax: +49 (0) 511 64 20 99 1-9