This article I will be answering a very popular question and that is how do I pick a brokerage.
How to Choose A Real Estate Brokerage?
So this is a very popular question that I always get especially from newer agents that recently got licensed and have no clue exactly what to look for any brokerage that they decide to hang their license.
So obviously there are a lot of different options there are brokerages that give you a hundred percent of your commission.
There are brokerages that start you at different commission splits.
So these are the things that you need to know and that you need to ask when it comes to figuring out which brokerage you want.
How Much Support They’re Going to Give You
First of all, you need to find out how much support they’re going to give you.
Nowadays I have heard of a lot of brokerages that promise you the world and tell you that they’re going to give you so much training and mentorship and at the end of the day you end up getting nothing.
Sometimes the mentors or the trainers are not accessible, you can’t reach the broker, you’re not getting any training you have no clue what to do.
What Support They Are Going
So you want to find out exactly what support they are going to give you to grow into the business.
IMPORTANT: “So if you are a brand new agent ask these questions.
Are they going to be providing you with a mentorship with training and support are they going to be guiding you through the transactions.”
How involved are they going to be in your life as a real estate agent if you were to join their brokerage?
What They Expect From You
Along with that, you want to find out what they expect from you.
In some cases, I have heard of brokerages that require their new agents to only focus on buyers by doing open houses and by helping other listing agents and teams work with their buyers and again just to these open houses.
Now you have to think to yourself if this is something that you’re going to want to do or if you are going to want to also learn doing listings or be more involved in whatever it is that comes your way.
These are questions that you need to ask:
Some brokerages tell you that they will pay your fees like the Nar, Car any other MLS fees.
However they will not be providing any support for you because for them it’s like hey I already paid some of your fees, Now it’s your turn to go out and generate your own leads and kind of do your own thing.
You have to understand especially if you and your agent that in this business you’re pretty much going to be left to do your own thing.
The broker is going to be there you might have some support from other agents but eventually it will get to the point that unless you do join a team.
- You will be solo.
- You will be running the show.
- You will be calling the shots.
- You will be in charge.
So these are some of the things that you need to look into and whatever brokerage that you want to go.
Focus On Selling Homes In An Area
Another thing that you want to look into is whether or not you want to focus on selling homes in an area that’s close to you or further away.
Let’s say it’s in a city or an area that’s maybe 20 minutes from you but you want to focus on selling homes in that area.
You might want to look into signing up with a company that has an office in that area.
That way you know yourself that you’re going to be going to that office.
If it is that they end up having an office there and it will get you into the mood and the mindset of selling in that particular area.
“However again this is not necessary”
There are brokerages like the one that I’m with Exp Realty where everything is cloud-based and there are agents pretty much nationwide.
There are brokerages like the one that I’m with exp realty where everything is cloud-based and there are agents pretty much nationwide.
Everything Is Accessible
Now everything is accessible to us online, there’s a ton of training there is a lot of resources that we get as agents.
That new agents have access to that ultimately one thing that I do want you to know is that whether you are a new agent or a veteran agent.
When you are meeting with sellers or buyers they will hire you because they like you they trust you and they feel that you can get the job done.
So Keep That In Mind: Don’t think that just because you’re going with the Keller Williams or a Coldwell banker or century 21.
Get a Contract Signed
That means that you’re automatically going to get a contract signed. Because that might not be the case.
Again, sellers and buyers, they’re going to hire you for your skills and how they feel that you can perform.
So hopefully this article answers that question on How to Choose the Real Estate Brokerage.