EdJ--Any way to get offered Goodknight program?

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Aug 26, 2008 1:34 pm

Hello,

 
Does anyone have any tips for getting a Goodknight program with EdJ as a new hire?  Would you agree that a newbie ought to think twice about about signing with EdJ considering the $75,000 penalty with no 2nd-year guaranteed salary?
 
Thanks,
 
William
Aug 26, 2008 1:56 pm

William - why You want to sell real estate on the side ....no problem

Aug 26, 2008 2:11 pm

William, if you are going to become a new advisor you better be all in. Not part time, some time, or half time. All In!

 
Why the hell would I give you a portion of my hard earned assets if you are going to be moonlighting as Remax King?
Aug 26, 2008 2:13 pm

Actually, if he reads the contract with EDJ, he is not permitted to sell real estate along with his investments.

Aug 26, 2008 2:21 pm

No kidding 

Aug 26, 2008 3:06 pm

I was told by one of their HR people not to worry about the training costs if one were to leave Jones AND the business if the opportunity didn't work out. Probably something to require in writing.

Aug 26, 2008 3:14 pm
william:

Hello,



Does anyone have any tips for getting a Goodknight program with EdJ as a new hire? Would you agree that a newbie ought to think twice about about signing with EdJ considering the $75,000 penalty with no 2nd-year guaranteed salary?



Thanks,



William





The only time you would way the 75,000 is if you aren't sold on this field. EDJ is a great firm and they train new FA's very well. If you are thinking twice about joining due to the contract then think twice about going to work with any worthy firm.



Best way to get a goodknight.. Is to do your job and not try and get a goodknight and magically one may be offered. If one isn't you put your head down and do the WORK! The you can feel accomplished by doing it all on your own. - Personally, I wouldn't offer or expect someone to offer a goodknight without first showing them I am worthy.. This job shouldn't be looked at for a easy route if you are offered a goodknight, legacy or current office you should be thankful but if nothing comes along you CAN STILL SUCCEED!



Miss J

Aug 26, 2008 3:28 pm
MISS JONES:

Best way to get a goodknight.. Is to do your job and not try and get a goodknight and magically one may be offered. Relying on magic is also a great way to get clients. If one isn't you put your head down and do the WORK! The you can feel accomplished by doing it all on your own. - Personally, I wouldn't offer or expect someone to offer a goodknight without first showing them I am worthy.. This job shouldn't be looked at for a easy route if you are offered a goodknight, legacy or current office you should be thankful but if nothing comes along you CAN STILL SUCCEED!

Miss J

 


I laugh out loud every time someone mentions the $75,000 training contract. Seventy-five thousand flippin' dollars? For what? A couple weeks in St. Louis or Tempe? My four-year (ok, five) bachelor's degree cost me less than that. How in the world does Jones justify charging someone $75,000 for their training program?
 
If I were you, I would do everything I could to land a Goodknight or an open office. Screw sitting around waiting for an opportunity to fall in your lap. That's certainly not how you'll get clients, so don't approach any aspect of you career in that manner.
 
Be aggressive. There are plenty other firms from which to choose. Tell Jones what you want, and if they comply, go with them. Otherwise, go somewhere else. 
 
This is a difficult career, and it's imperative that you put yourself in the best position to succeed from day one.
 
Aug 26, 2008 4:39 pm

Borker - Not defending any specific amount from EJ or any other firm but if you look at the complete costs ie. salary of trainee , salaries of various trainers , office costs , travel costs and the whole gamut of costs that are assigned to training I really think the numbers are not that unrealistic. In addition the actual cost of non-productive or small revenue generation. Just throwing that out from the various firms perspective.

Aug 26, 2008 7:53 pm

Almost every position requires some training.  Think of the years that go into to training to be a butcher, but you're not charged if you switch butcher shops.  I think in Jones' case it has more to do with the risk and investment from them outfitting you with an office.


I agree completely with Borker on finding a Goodnight.  You are expected to be a salesman.  What is wrong with trying to sell yourself to a veteran broker for a goodnight.  If the propaganda is true, they will benefit themselves in the long run.  I would position it to a vet that you are dedicated to making it in this business and that you value learning closely from someone who has.  I can't imagine  that it would be all that difficult finding a goodnight.  Good luck.
Sep 1, 2008 12:56 pm

Regarding the GK program.  Does Jones look at the quality of the accounts you are given when they adjust your minimums toward PDP?  Surely they realize that all 10 million dollar books are not created equal.

Sep 1, 2008 6:20 pm
davesil:

Regarding the GK program.  Does Jones look at the quality of the accounts you are given when they adjust your minimums toward PDP?  Surely they realize that all 10 million dollar books are not created equal.

 
Are you serious?
Sep 1, 2008 6:26 pm
davesil:

Regarding the GK program.  Does Jones look at the quality of the accounts you are given when they adjust your minimums toward PDP?  Surely they realize that all 10 million dollar books are not created equal.

 
No Dave.  I think they assume that if someone is giving away the 10MM, it's not producing much anyway.   You shouldn't have too much trouble making it to PDP.  There will be some shakeout, but most comes after that.
Sep 1, 2008 7:27 pm
davesil:

Regarding the GK program.  Does Jones look at the quality of the accounts you are given when they adjust your minimums toward PDP?  Surely they realize that all 10 million dollar books are not created equal.

Unreal.
Sep 2, 2008 1:13 am

William, one tactic to obtain a goodknight or an open office, is to be a little coy about your desired office location.  It is not always possible, but if you can talk to more than one regional leader about your desire to be in the "best" location, the subject of an open office or a goodknight offer may come up.  What I'm trying to say is play two RLs off of one another.  See if one can come up with something for you.  This is not always possible due to your geographic location, however if you live near another region, reach out to that RL.