4,907,547
Congratulations on passing your exam. Interview brokerages you think you would like to be a part of and get their answers to these questions:
1. Do you provide formal training to agents? |
2. Is there a program where new agents are mentored by top producers? |
3. Are any of my training or class expenses eligible for reimbursement? |
4. What is the starting commission split? Does it change with production? |
5. Is there a bonus program? |
6. What costs am I required to cover? |
7. Am I required to have additional auto insurance? |
8. Where do you advertise and who pays for it? |
9. Are my desired farm areas already taken by other agents in the company? |
10. Will I receive a copy of company policies to review? |
11. What is the dress code for the office? |
12. How many agents are in the company? |
13. What is the average gross volume of your agents? |
14. What commission does the company typically charge? Am I allowed to offer a lower rate? |
15. What is your policy on referrals within the company and to outside agents? |
16. Is there any clerical or support assistance available through the company? |
17. Do you have regular meetings? |
18. Is the environment team-based or individual? |
19. Do you handle commercial listings or property management? |
20. How many listings does the office typically have? |
21. What is the company’s market share? |
22. What are your office goals? |
23. What are your expectations of me? |
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Tony and Suzanne Marri...
Scottsdale, AZ
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Mimi Foster
Colorado Springs, CO
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Ron and Alexandra Seigel
Carpinteria, CA
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Mary Yonkers
Erie, PA
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Nina Hollander, Broker
Charlotte, NC
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Caroline Gerardo
Newport Beach, CA
5,117,178
Congratulations and wishing you much luck in your new career. Let me point out a small subtlety... brokers do not "employ." You are now an independent contractor and you affiliate with a brokerage you are not employed by one.
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Joyce Marsh
Daytona Beach, FL
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Richard Weeks
Dallas, TX
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Richard Bazinet /MBA, ...
Scottsdale, AZ
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Anthony Acosta - ALLAT...
Atlanta, GA
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Mary Yonkers
Erie, PA
2,163,483
Congratulations! Interview several brokers in your area to find a good fit before you join their brokerage. Then it's learning, learning and more learning! Don't forget your post licensing class!
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Anthony Acosta - ALLAT...
Atlanta, GA
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Mary Yonkers
Erie, PA
1,153,794
In simple terms my recommendation will be find a Broker that can educate and mentor you the most while dipping into your pocket the least. Jupiter has many great brokerages and associates to learn from. I'm partial to a few although they may not be your best choice at this juncture. Get those questions ready for them. Welcome!
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Mimi Foster
Colorado Springs, CO
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Mary Yonkers
Erie, PA
399,703
Hi Michael,
Congratulations on passing the exam! And welcome to Active Rain!
Part of your question ("What should I be looking for in an employing broker") has been asked a few times in the past - so I thought I'd share some past Q&A threads with you:
- What qualities are important when looking for a broker to work for?
- Just getting started in a career in Real Estate. How should I go about looking/choosing/applying for my first broker to work for?
- What qualities are important too look for when choosing a broker to work for?
- What qualities are important to look for when choosing a broker to work for? #2
Hope those help - have a great day!
-Tim
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PropertyMinder (Accele...
San Jose, CA
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Mary Yonkers
Erie, PA
5,583,328
congratulations.... get some training and then hit the pavement.....
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Anthony Acosta - ALLAT...
Atlanta, GA
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Mary Yonkers
Erie, PA
291,507
Congrats! Plenty of Good Answers above Fred Griffin or Annette Lawrence , Palm Harbor, FL 727-420-4041 will set you straight
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Fred Griffin Florida R...
Tallahassee, FL
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Mary Yonkers
Erie, PA
921,504
Congratulations Michael.
The easy part is over.
What should you be looking for in a broker? That is a much better question that 'what qualities should I look for in a broker?"
You should look for in a broker:
- A willingness to help you implement your real estate agent business plan, You got one of those.....right?
- The resources to connect you with a mentor experienced in implementing a business strategy aligned with your business plan.
- Will COMMIT to engaging you in an aligned transaction within 30 days.
But there is more you MUST know to not fall into the 90% who never have their 2nd year anniversary. But it is easy. You need the answer to two and only two questions.
1. How many licensed agents are in that office.
2. Total transaction sides for that office the past 12 months
From these two you can derive EVERYTHING you need to know about that office based on facts not sweet sound words.
Sweet words quickly turn bitter in the presence of disappointment.
So what do you do with the responses to #1 and #2?
It all about starting your real estaate career by Getting On The Right Track.
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Byron K . Jones
Coatesville, PA
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Mary Yonkers
Erie, PA
2,684,769
Greetings from Tallahassee!
Visit the website of Florida DBPR, get familiar with the site (apply for a license, etc.)
Interview several brokers:
What do they expect from you?
What are they offering you? Training? Mentors? In-house referrals? Brick and mortar location? Shared desk?
What monthly fees will you be charged?
What is the commission split?
Who pays for E&O, you or the broker?
May I see the Independent Contractor Agreement that you and I will be signing? May I take it to my attorney (if you don't understand it)?
What is your advertising policy re: me having my own website?
---------------------
See my blog post for new agents
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Byron K . Jones
Coatesville, PA
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Mary Yonkers
Erie, PA
1,231,853
Congratulations on passing the Florida exam & best of luck in your new career.
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Anthony Acosta - ALLAT...
Atlanta, GA
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PropertyMinder (Accele...
San Jose, CA
2,190,182
Hi Michael,
Congratulations. Here is an article you might be interested in: Choose Your First Broker Very Carefully by Patricia Kennedy
Keep in mind, 87% of new licensees fail within 2 years. Don't be a statistic. This is the first step in setting yourself up for success or failure.
Onward...
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Nina Hollander, Broker
Charlotte, NC
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Mary Yonkers
Erie, PA
2,195,834
2,222,281
You have many great answers here Michael Scott
Congratulation and good luck to you.
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Anthony Acosta - ALLAT...
Atlanta, GA
2,785,606
564,494
Congratulations Michael Scott - Jupiter is a beautiful area...I wish you much success!!
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Mary Yonkers
Erie, PA
7,871,831
Select the office that will best meet your personal needs.
I like to be surrounded by highly successful people.
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Mary Yonkers
Erie, PA
1,847,911
Good luck & congrats. I don't give broker advice but there is plenty for you to look thru with previous questions.
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Mary Yonkers
Erie, PA
1,598,452
2,071,025
5,879,826
Congratulations and passing, and Richard Weeks has offered quite a thorough list.
1,507,073
Congrats! You'll need to find a broker that offers training. What you learn in school has very little to do with actually selling real estate. Good luck!
4,800,132
5,246,557
Chemistry with the sponsoring broker, mentorship possibilities, and inhouse training!
3,071,589
4,434,177
6,426,155
Congratulations Michael!!
Give me a call and I will help you find a Keller Williams market center to lead you to a successful career.
3,168,284
a broker who is available is my number one bit of advice for new agents.
1,625,383
3,383,434
In looking for a broker, do NOT focus on commisison split. Find a broker that offers great eductation and mentoring.
4,319,873
3,988,013
You need to start interviewing. Put together a series of questions and include what you have to offer a broker. I would ask you that question.
2,224,473
I just wrote a post on this topic. Check it out. Richard Weeks has a great answer.
4,182,708
3,986,308
1,712,876
4,272,984
5,773,367
Congratulations to you. You are just beginning to learn real estate . A big thank you to Richard Weeks for his great list. A