FAQs
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Unlicensed Real Estate Agent FAQs
Yes! While your offer with New Western is contingent upon you successfully obtaining your real estate license, over 60% of the agents we engage went through the interview process and received an offer from us prior to starting their real estate licensing process.
All New Western Agents are assessed a $55 monthly fee. Using our corporate purchasing power we are able to secure a suite of products that agents need for success at a much lower cost. Our systems fee includes of for Errors and Omissions Insurance (E&O), Salesforce, DocuSign, an agent web page, GSuite and other items. E&O is a type of professional liability insurance that protects agents and brokerages against claims made by clients for inadequate work or negligent actions. Don’t worry, you won’t have to come out of pocket for this fee; it is assessed monthly and is deducted from your commissions. New Western does not charge a desk fee, royalty fee, franchise fee, etc.
Our agents begin with a 2 day-intensive, live classroom education, learning directly from managers and senior team members. This is followed by weekly live workshop education through your first 90 days. Classroom and workshop sessions are supplemented with 1:1 and small group sessions by managers and senior agents in local offices and fieldwork, where you go on-site to properties, and we share our proprietary methods on the valuation of investment homes and how to sell them.
Your offer to join New Western will be contingent upon your successfully obtaining your real estate license. Over 60% of the agents we engage went through the interview process and received an offer from us prior to starting their real estate licensing process.
Yes. Aligned with the industry standard, our licensed real estate agents are compensated on a commission-only basis.
Yes! You can complete the entire interview process before you obtain your license. Any offer you receive from us and your start date would be contingent on obtaining your license.
Your actual earnings may vary. New Western agents reap the rewards of an uncapped, 100% commission compensation plan and average $93,000 in annual commission, with high-performing agents making over $160,000 in their first year and well over $450,000 annually in subsequent years.
Along with giving you the houses to sell, New Western also provides the knowledge, methods, and support that allow our sales agents, in their first 6 months, to acquire close to 100 active investors. Not just any buyers, but professional real estate investors who want to be part of the marketplace we have built and who can usually close within 14 days.
Our hands-on, experiential approach, where you can work alongside a Market Manager in a small cohort for your first 120 days, is designed to get you up and running fast. Our agents begin with intensive, in-person education, learning directly from managers and senior team members. This includes classroom instruction on all things investment real estate and fieldwork where we go on-site to properties and share with you our proprietary methods on the valuation of investment homes and how to sell them.
The mentoring our agents receive from managers and senior team members is enhanced by New Western University, our proprietary learning and development portal, which includes hundreds of hours of exclusive on-demand and live training content from real New Western top producers, industry experts, and business leaders.
New Western has established partnerships with real estate education providers in every state we operate. Anyone who has received an offer to join New Western as an Agent will have access to discounted real estate course fees, but the agent will be responsible for paying the fees.
Being a New Western Warrior is not a job. It’s a career. Our team is full of career-minded individuals ready to grow their careers fast. You will quickly progress from selling houses to becoming an expert homebuyer, sometimes in months. From there, through our leadership development program, top performers can pursue w2 roles such as team leads, general managers, regional managers, and more. Company leaders share in the growth of New Western through our equity compensation plan.
New Western is a licensed real estate brokerage, and all of our investment real estate agents must have an active real estate license to work with us. However, there are plenty of opportunities for you to come into our office and attend events with our team to get a head start on your future career with New Western.
We do not typically offer relocation assistance for new agents.
All New Western Agents are required to have an active real estate license because our agents are conducting real estate transactions.
New Western provides the knowledge, methods, and support that allow our sales agents, in their first 6 months, to acquire close to 100 active investors. This foundational knowledge will help you to continue building your investor list.
Licensed Real Estate Agent FAQs
New Western operates a marketplace where investors find homes to rehab. Because of our specialization, we are not structured to allow agents affiliated with our brokerage to handle traditional real estate transactions. However, you can refer your traditional real estate leads to a local real estate agent and collect a referral fee. Oftentimes this will generate the best outcome for all parties. Your compensation in the form of a referral fee is usually a better return against the time invested, and the referral gets the attention and expertise that today’s real estate market demands.
Yes. However, it cannot be a formal affiliation with a brokerage, since your license would be under the New Western brokerage.
Yes. You will operate as a real estate agent, and all the regulations related to hanging your license with a brokerage still apply.
Along with giving you the houses to sell, New Western also provides the knowledge, methods, and support that allow our sales agents, in their first 6 months, to acquire close to 100 active investors. Not just any buyers, but professional real estate investors who want to be part of the marketplace we have built and who can usually close within 14 days.
Our $55 monthly systems fee includes Errors and Omissions Insurance (E&O).
All New Western Agents are assessed a $55 monthly fee. Using our corporate purchasing power we are able to secure a suite of products that agents need for success at a much lower cost. Our systems fee includes of for Errors and Omissions Insurance (E&O), Salesforce, DocuSign, an agent web page, GSuite and other items. E&O is a type of professional liability insurance that protects agents and brokerages against claims made by clients for inadequate work or negligent actions. Don’t worry, you won’t have to come out of pocket for this fee; it is assessed monthly and is deducted from your commissions. New Western does not charge a desk fee, royalty fee, franchise fee, etc.
Depending on the situation, you are able to continue to procure investment property for your own portfolio within our guidelines.
Yes, since New Western operates a marketplace for investors to find homes to rehab, we are not structured to handle traditional real estate transactions. You can choose to postpone the date you engage with New Western or your can work with your current brokerage to arrange a referral fee instead. New Western is not set up to handle regular transactions.
Our hands-on, experiential approach, where you can work alongside a Market Manager in a small cohort for your first 120 days, is designed to get you up and running fast. Our agents begin with intensive, in-person education, learning directly from managers and senior team members. This includes classroom instruction on all things investment real estate and fieldwork where we go on-site to properties and share with you our proprietary methods on the valuation of investment homes and how to sell them.
Yes, an MLS subscription will be an essential tool for your success. In some markets, a realtor association membership is required to gain access to the MLS.
