Pros
Agents have a lot of resources available to them. Access to coaches and classes which are especially helpful to those just getting started in real estate.
Cons
Commission splits are tough starting out. A typical split that new agents will get is 70/30 which doesn't sound terrible. However, you also have to pay a 5% coaching fee and a 6% royalties fee for every transaction. So you actually give up an extra 11% of your GROSS commission until you cap out for the year. For example, say you get a lease commission for $1000.00. $300 goes to the broker, $50 for coaching, $60 for royalties. So of the original $1000 you are left with $590 and you still have to pay taxes on it. Keep in mind, every broker is different and there are plenty of people that are wildly successful under this system. Just be prepared when you start, have money in savings, or have side gigs lined up. Real Estate is an all or nothing game. Good luck!