CHOOSE A BROKERAGE
Working with a real estate brokerage is a requirement to obtaining your broker license, but you will need to be selective when deciding which is the right one for you. Find a partner that will meet your business needs, providing the tools, training and coaching to get you started.
It’s important that you ask the right questions of a brokerage to understand what is offered for the fees that you will pay to affiliate with them. Here are a few sample interview questions:
∙ What training and coaching is available? Is there a fee for this?
∙ What expenses should I expect?
∙ As a first-year broker associate, how much can I expect to make?
∙ Do your broker associates get personal websites? Is there a fee?
∙ What type of facilities and resources are available?
∙ Is your firm independently owned or part of a franchise?
∙ What marketing materials are provided?
∙ Will my managing broker list and sell?
∙ How will I be compensated?
Remember to do your research and ask the managing broker to connect you with experienced broker associates to hear first hand about their office.
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