Friday 12 April 2013

Potential New Associate Decision Matrix


Hi, i am waiting for my RES exam and i am currently looking for an agency and a good mentor. May i have an idea of the joining cost of the different agencies (training cost,admin fee,etc) ?

Posted by calla - Apr 11, 2013 - Viewed 47 times

Answers (6)

Mervin Tang
79d7532041822_1_V60B
Posted Apr 13, 2013
Hello Calla,

At this stage in answering potential new associate queries on "How to best make a decision on which agency to join, I shall en devour to build a formula to aid the decision making process.

Firstly, on your question about the costs involved to join. Across all agencies, the costs would be broadly be the same, however, beneath that question is also the underlying assumption that ALL agencies and ALL mentors are the same, hence, costing being the differentiating factor in agency selection.

On a scale of 100%:

MENTOR: 40%
This proportion is heavily weighed towards having a good and available mentor.

TEAM: 29.5%
Some teams provide very constructive, peer support systems designed to leverage and build up new associates. My team has a simple responsibility.

It sounds like this,"All Noobs are the collective responsibility of the team". Simply to say, one day, the Noob will be a team leader as well, therein, all New Noobs of that new Senior can leverage and reap the rewards on the Senior's reputation. Thus, everyone grows together.

AGENCY: 29.5%
Not all Agencies are built/grow equally. For the large agencies, they are broadly broken down into 2 types, those with PROJECT SALES, and those that do not.
Simply put, if you were to do ONLY Resale, then all agencies are the same. In the Projects Sales Arena, Huttons Asia Pte Ltd is a big player. We recently outsold out competing marketing agency at Alexandra Central by 8:1 units.

TRAINING COSTS/ADMIN FEE: 1%
1% Says it all. Suffice that I will also put forward a word of caution. There are agency leaders who masquerade as Mentors who derive their MAIN BUSINESS REVENUE from selling training courses, and not via the over-riding from a successful down-line. Thus be wary of these.

Thus based on the above weights given to the above criteria, I hope it adds clarity to your decision.

Best Regards,


Mervin Tang
Senior Marketing Manager
Division Lead Trainer, Project Sales
CEA Reg No. : R030951Z
Huttons Asia Pte Ltd

Mobile: (65) 9184 0208
Website: http://www.SGrealestate.sg
Sales Enquiry: mervintang@SGrealestate.sg
Discussions: http://sg-realestate-sg.blogspot.com/

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