As an longtime agent with an starting investment and erros and ommission prepayment with HOMESMART to get up and running of about fifteen hundred dollars, as my example, you are stuck when they refuse to pay you your hard earned commissions earned. Their TC service, inconsistent individuals, study each form over and over, with a magnifying glass, it seems, for any missing box checked. They come back to you for redundant forms and forms that do not apply. Just because they can, not because the form applies to your transaction. Six weeks later, still no pay in sight, an uncooperative buyer's agent, unwilling to supply any more forms, especially ones she doesn't agree with, and still more sudden company requests to go back for more initials and signatures. If you want to waste your time as an agent attempting to mold to their ineffective system, you have been warned by a veteran agent that hates to see other agents, abused. It appears this company is set up to be an online, low cost transaction system, but they charge you fines and penalties - in my case, two attempts in six months. Right now they are trying to make me pay five hundred dollars for the buyer's agent that would not willingly return the forms. I have a stack of repeated requests to this agent for the forms and it is my fault. Their TC supervisor set by and did nothing to help when asked over and over and is interested in covering her back, now, six weeks later. When I asked her to call the buyer's agent office and help by asking the office manager for the refused forms, over and over, I was completely ignored. They collect penalties, fines, interest on your money, and probably completely retain agent's money who give up trying to collect it from them. Oh, you sent the commission instructions with the batch, you have to send it to this other email was one of the latest excuses - which I have no knowledge of ever hearing about before - that's another holdup for the pay, also. Will they print it out when it is staring them in the face and help their agent, my experience says no, they won't and haven't in my case trying to retrieve forms from a reluctant agent on the other side. Best to keep everything in writing via email so you protect yourself and limit your phone conversations is my advise. By the way, they want all of the forms. There are few they don't make you go get and they are to be complete without any boxes what so ever, unchecked. You end up earning about a dollar an hour if you ever satisfy the company requirements. We will see if, I, a 12 yr, experienced agent who has always handled her own files and forms, can even satisfy them. If I can't, what agent can-I have had years of legal training... My credit card had expired, they tried to charge me my monthly office fee and they wanted a fine from me, which I refused. As an agent, it looks like you are going to be fined over and over, your money held until you put your foot down and take the next step to force them to pay you. Their system is set up poorly. Their uploads do not take for the online system. You are asked to do it again and again. Five times uploading is my experience so far and they still ask you again and again to reupload the same files. This is because their upload is done in an undefined, messy batch without any organization. You save time at the office - in fact - if you go there, you aren't allowed into the office, is my experience so far. The orientation we attempted to attend right after joining the co was not held, afterall, we were turned away at the reception desk, sent on our way to come back again another time. I was called a liar when I revealed the truth to their supervisor, yesterday. I am at the end of my rope and writing up a report for the BRE. Enough is enoughwith the agent disrespect and abuse.
HOMesmart is the worst company ever do not go thru them to buy/sell your house