WHAT IS MOST IMPORTANT FOR YOU?
At London Foster, we make it simple,
everything is included. There are no hidden fees, no monthly desk fee, no franchise fee. Your earnings belong to You. This is just one of the ways we empower and support our real estate associates. The days of having to share your hard-earned commission are long gone.
We offer fully dedicated office strategically located in New York. Bring your clients into any of our office for listing presentations & meetings.
Outstanding broker support is always available to help with your transaction strategies, processes, compliance questions.
Perfect for NEW AGENTS!
We have regular training, seminars, technical support and office managers to help you think and grow rich!
Online chat with the broker.
You will never be left in the dark!
We are a unique firm that offers
100% commission and free exclusive
marketing tools like:
- Personal marketing office assistant
- All web-design is for free like:
- E-mail marketing training / E-mail blasting
- Social Media training / Facebook / Instagram
- Business cards / Flyers / Listing Presentations
Online agent back office system, mobile friendly, that will allow you to:
- Complete contracts online
- Submit new deals
- Request commission and get paid online
- Marketing tools
- Event calendar
- Live chat with in-house broker
WHY LONDON FOSTER?
Bobby Mahallati our founder and broker have been in the real estate business for over 20 Years. He has an extensive background in Real Estate investment and finance. Having invested in over 800 properties in Florida, New Jersey, New York, and Pennsylvania.
London Foster is a technology-based real estate brokerage firm. Our vision to supply our associates everything they need to provide their clients with the best real estate experience. At London Foster, we EMPOWER AGENTS, with:
Free custom design of business cards
Free social media suite set-up
Special offer for CRM for professionals
Refer an agent program pays $100
London Foster is a technology based real estate firm. Our technology is a revolutionary cloud-based platform witch empower our associate to always be engaged.
London Foster provides everything our associates need to conduct their business at our office, remotely or mobile.
No matter where you are you will always be connected to our network with exclusive access, just like if you were at the office.
At London Foster, we EMPOWER AGENTS, with:
Online office manager
Vendor referral database
A complete marketing department online
KEEP IT SIMPLE AND FOCUS ON BUSINESS
We charge a flat fee per transaction - 100% commission
No franchise fees
No agent commission split
Quick phone, email, text & online chat - Broker support
Free business cards design & social media suite set
Refer an agent program pays $100
Weekly online training
Get paid at closing
We pay you immediately via E-Check
WE ENGAGE AND TRAIN OUR AGENTS EVERY WEEK
COLD CALLING SCRIPTS
SOCIAL MEDIA SET UP/TARGETING
How often do you provide training to agents?Training is an important focus at London Foster. We provide onsite training classes for all our empowered agents. Four times a week, we meet for the London Foster 101. This training is all about YOU! We cover all the basics: - Commission Structure - Electronic Paperwork Filing - EZ Escrow - Marketing - Education - Online Technology - And so much more! London Foster provides “Empowered Agent Training” every Wednesday, covering a wide variety of topics, including: - Marketing - Sales - RE Software - RE Apps - Contracts - Financing - Title - Inspections - Photography All of our training is broadcast live for all our empowered agents to participate either in person or remotely. We keep these training and supporting materials on our online back office for you to access at any time. Our intention is to provide real life training and the professional tools to help make London Foster Realtors Empowered Agents! Update: At present time, we continue to offer all our trainings online!
My present broker is very slow to pay. I am constantly having to follow up with her to get paid. How does London Foster help expedite my payment?At London Foster, we pride ourselves in getting our agents paid quickly. You can be paid by electronic check, ACH, electronic payment, or a standard check. We can also send payment by wire for a nominal fee of $35. You can also request a CDA - Commission Disbursement Authorization - and be paid at the closing table.
What exactly is “100% Commission” and how do you make money?At London Foster, we want you to keep all your hard-earned money. We do not charge a desk fee. We do not charge our EMPOWERED agents a franchise fee. We don’t work from the traditional commission splits of 60/40 or 80/20, as do other firms. We charge a flat fee to all our EMPOWERED agents; it doesn’t vary regardless of the amount of the transaction. Whether you sell a $200,000 condo or help your buyer with the purchase of a $2,000,000 home we charge the same flat fee. How much of that fee comes from your commission depends on you. As we grow, so does your potential. Volume is how we remain profitable!
Does London Foster have an Escrow Account? Why does having an escrow account benefit me as one of your Realtors?Absolutely. Our London Foster Escrow Account is a great benefit to our Empowered Agents and their clients. We strongly recommend using our Escrow Account to help you with your earnest money or first deposit to facilitate the process for your client’s Rental or Sale. Imagine having the first month’s rent or an initial deposit in escrow and being able to provide an Escrow Letter with your Contract to Lease (CTL) or an Escrow Letter in 10 Minutes. We also can pay you from those funds and transfer the remaining funds to the title company before the closing.
You state that London Foster provides an IDX Website. What is the cost of a basic website?Marketing yourself on the web should be simple. London Foster gives you everything you need to promote your brand, manage relationships, and grow your real estate business online. All in one convenient platform, that is simple to use. IDX WEBSITE: - Responsive Website - IDX Property Searches - Real Time Integration to the MLS - Multiple Templates - Mobile Friendly - Powerful SEO: Search Engine Optimization CRM - CUSTOMER RELATIONSHIP MANAGER: - Manage Your Own Leads - Set Tasks & Reminders EMAIL DRIP CAMPAIGNS: - Nurture Prospects with Email Campaigns - Lead Capture - Social Media Compatibility - Continuous Blog Posts
I have read all about your back office technology and I know you have an online presence exclusive to me as one of your Realtors. What exactly is it and how does it help me?The London Foster back office is a web based online tool provided to all our Empowered Agents. Upon joining our firm, we provide you full access to the site and to all of its functionality. The London Foster back office is designed to operate on both your mobile phone and your computer. It includes many tools. It focuses on facilitating daily tasks our empowered agents need to do their job. With these we provide you access to: Deposit Information Creating an Escrow Letter Submitting Executed Listing Submitting Executed Rental & Sale Contracts Requesting a Commission Payment
Tell me about EZ Escrow with London FosterEZ Escrow is a very powerful tool we provide for our London Foster Empowered Agents. You can easily deposit funds to our London Foster Escrow Account and with their phones, tablets, and computers request and Escrow Letter. This in turn is provided to you within 10 Minutes.
Can I place my license with London Foster as a Broker?Yes, of course. We have many Brokers that have come to London Foster to enjoy the benefits of a full-service Real Estate Firm with exceptional marketing and education, not to mention 100% Commission. All you need to do is change your license from Broker to a Broker Associate status, when joining London Foster on www.joinlondonfosterny.com. Here you can complete your Independent Contractor Agreement, sign your contract and begin your marketing suite with London Foster.
Reaching my broker is essential to me. How do I best reach you?At London Foster, your Broker is here for you. As the broker, Bobby Mahallati is eager to help you learn and grow. He is available for you 24/7. London Foster has implemented some great ways to help keep you in constant communication with your broker. Instead of “Monday Morning Meetings”, at London Foster, we gather electronically on a private Chat Group dedicated exclusively to Real Estate. You can call your broker at (844) 566-3663. On this line one of his assistants delegates any concerns or questions to the right party. You can always email him on firstname.lastname@example.org or text him via WhatsApp. He will call you immediately to assist. In addition to all this, we have equipped the www.londonfoster.net back office with a series of tutorials designed to answer some of the most common questions about our business. All in the hope of facilitating your experience with London Foster!
I know I must have an active Real Estate Sales Associate license to place my license with a broker, but do I need to be a member of an association in order to be a part of London Foster?"Not necessarily. You may join London Foster without being a member of an association. However, we recommend you do join an association if you plan on pursuing real estate sales as a full-time career. Being a member of an association offers access to: - MLS or Multiple Listing Service - Online Education - On-site Classes - Access to the Top Industry Software - Professional Events - Marketing Materials - Industry Information There are many more benefits, exclusive to active Realtors or Agents who belong to an association. Nevertheless, if you wish to be a part-time Real Estate Agent we can hold your license in a special division of our firm for agents that are not members of an association.
Why should I pick you as my broker?100% COMMISSION At London Foster we make it simple: everything is included. There are no hidden fees, no desk fee, no franchise fee. Your earnings belong to you. This is just one of the ways we empower and support our real estate associates. The days of having to share your hard-earned commission are long gone. ESCROW We have an escrow account that we make easy for you to use for your sales, rentals, short-term rentals and security deposits. Get an escrow letter in less than 10 minutes. Easy to track with same day disbursement! Security Guaranteed! MARKETING SUPPORT We are a unique firm that offers 100% commission and free exclusive marketing tools like: - Personal Professional Website (IDX) - Personal Marketing Office Assistant - All Your Marketing & Design Work is FREE - Email Marketing Training / Email Blasting - Free Social Media Training: Facebook, Instagram, Linked In, Twitter - Free Design of Business Cards, Post Cards, Marketing Designs & Listing Presentations - Free Professional Headshots BROKER SUPPORT Outstanding broker support is always available to help with your transaction strategies, processes, and compliance questions. Perfect for new real estate agents! We offer regular training classes, seminars, an online chat with the broker, technical support, and office managers to help you grow your business and make money!
How long does it take to get paid?At London Foster, we pay you immediately. We utilize electronic checks to pay associate commission. In addition to this, you can utilize our revolutionary cloud-based platform to request a commission disbursement letter and get paid at your closing by the title company.
Ok. I’m ready to move my license to London Foster, how long will the transition take?"The moment you finish signing the Independent Contractor Agreement, you are a London Foster agent and you can practice Real Estate under London Foster. We help make a smooth transition. Once you sign up online, we can have you up and running in less than 24 hours. Just sign up online, we will make the transition immediately. We set you up with the Association, the Department of State, and the National Association. Within minutes, you will receive a confirmation email and you can start your branding and digital marketing right away. The association takes around 24 hours to have you updated on the MLS and Form Simplicity. In the interim, we have all the most common contracts available to you in our online back office.
How long has London Foster been in business?London Foster has been in business for over 7 years. Bobby Mahallati, our Broker and Owner has over 20 years’ experience, with a history in financing and real estate. We have Five Offices in South Florida: Downtown Dadeland, Hialeah, Miami Beach, Weston, and West Palm Beach. We have business in New York State and plan to open offices in New Jersey, Pennsylvania, Connecticut, and Georgia. In the past 2 years, we have doubled in size. Last year we added 185 new Empowered Agents and this year we are on track to double that number. At present we have 650+ Empowered Agents.
What exactly do you provide regarding marketing support?At London Foster, our Marketing Suite is designed to provide our Empowered Agents with a one of a kind extensive list of free marketing tools. With these you can grow your brand in print and electronically using social media like Facebook, Instagram, Twitter, LinkedIn, your IDX Website, your CRM - Customer Relationship Manager, and Email Marketing.
How many agents does London Foster have?At present, we have 965+ Empowered Agents. This year we are projected to double that number.
What is your cancellation policy and can I keep my listings?At London Foster, you can cancel our agreement at any time and for any reason. We hope you'll stay and enjoy 100% commission and our technology! However, we do not make it difficult for you to leave. We believe that a happy agent is a productive agent. Furthermore, you can take all your listings with you!
I’ve been working for a traditional Real Estate firm my whole career. Last year I closed 7 deals representing either the seller or the buyer. How much money am I realistically going to save by joining London Foster?This is a great question. It is one of the most frequent questions, Realtors ask! The sky's the limit with London Foster. We want you to strive, grow, and keep as much of your commission as possible. We have developed an easy tool for you to calculate how much money you could have saved last year, if you had joined London Foster sooner! Click on the Commission Calculator link below to calculate the difference between London Foster and your present firm.
I have several colleagues that will follow me when I join London Foster. Are there any recruiting incentives at London Foster?At London Foster, we love hiring from within. We encourage our agents to tell their colleagues how happy they are, and they do. We also provide an incentive for our Empowered Agents to bring us new team members. For every agent you register who joins we reduce your next sales transaction by $100.
Does London Foster allow agents to form teams within the firm?We love teams! At London Foster, we want you to be an Empowered Agent! We like to think of each of our Realtors as fully functioning independent businesses. We want you to strategize and run your business the best way you see fit. Being a member of a team is a great way for empowered agents to pool their resources and strengths to strive in our industry.
Real Estate Broker
Direct connection with one of the largest
EB-5 Regional Centers
for Greencard in 6 months.
Direct relationship with
Hedge / Private
for your deals!
127 West 30th Street
New York, NY 10001