.png)
Congratulations on obtaining your real estate license! Now that you have your license in hand, the next step is to find the right brokerage to join. Joining the right brokerage is essential to your success as a new agent. Here are some top tips and questions to ask when interviewing for your first brokerage:
- Determine what you want: Before you start looking for a brokerage, you should determine what you want in a brokerage. Consider factors such as location, commission splits, training and support, and company culture. Make a list of the top three things that are important to you.
- Research potential brokerages: Once you have determined what you want, research potential brokerages that fit your criteria. Look for brokerages that have a strong reputation in your market and that offer the training and support you need as a new agent.
- Schedule interviews: Once you have identified potential brokerages, schedule interviews with them. This will give you an opportunity to ask questions and learn more about the company culture.
- Ask about commission splits: Commission splits are an important consideration for new agents. You want to join a brokerage that offers a fair commission split that will allow you to earn a living while you build your business.
- Inquire about training and support: As a new agent, you will need training and support to get started. Ask about the training and support that is available to new agents. Is there a mentorship program? Are there regular training sessions? What type of support is available?
- Learn about company culture: Company culture is an important consideration when choosing a brokerage. You want to join a brokerage that aligns with your values and that has a positive and supportive culture.
- Ask about marketing and advertising: Marketing and advertising are critical to success in real estate. Ask about the marketing and advertising resources that are available to you as an agent. Does the brokerage provide marketing materials? Do they have a strong online presence?
- Get to know the broker: The broker is an important person to get to know when considering a brokerage. They will be your point of contact for any issues or concerns you may have. Ask about their experience and philosophy as a broker.
- Understand the brokerage's fees: Brokerages typically charge fees for services such as desk space, administrative support, and marketing. Make sure you understand all of the fees associated with joining the brokerage.
- Ask about the brokerage's reputation: Finally, ask about the brokerage's reputation in the community. Do they have a strong reputation for ethical business practices? Are they well-respected in the industry?
Choosing the right brokerage is essential to your success as a new real estate agent. By asking these questions and doing your research, you can find a brokerage that will provide you with the training, support, and resources you need to build a successful career in real estate. Good luck!