Location: Nevada
Submitted 01/11/12 01:16 AM

Q. Hello...I am in Real Estate school and planning on taking my exam for my real estate license in a couple of weeks. Can anyone tell me what the difference is with "hanging your license" at a Real Estate Company under a certain broker but part of a team "within" that brokerage. I am utterly confused as to what step to take after passing my exam (hopefully). I have interviewd several realty groups and found that they all have different commision splits and fees as well as some offering "mentoring" and leads. I understand that I can be part of realty group but as an "independent"...but would I most likely not get the help and mentoring I could get if I were to be part of a team? What would you advice a very new real estate agent to do upon completion of testing?

 

Answer #1
Submitted 05/23/12 05:42 PM
Ken Cash, Lake Tahoe: Lake Front Homes, Luxury homes, Condominiums, Second Homes (CB Select Real Estate at Lake Tahoe - 775.691.3855 - ): Agent in Incline Village, NV Ken Cash, Lake Tahoe: Lake Front Homes, Luxury homes, Condominiums, Second Homes (CB Select Real Estate at Lake Tahoe - 775.691.3855 - )
Agent
Incline Village, NV

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A.

Look at it as if the TEAM is a company or business under the unbrella of the certain broker/real estate company.  Typically on the team there is a lead REALTOR whos name/face and marketing is done under.  The other agents may have specific duties to farm, do listing presentations, act as a transaction coordinator for the deals the lead agent(s) are doing.  You are not going to be the top dog or as I call it, the out front agent.  You are going to work in support of that person(s).  It may be less expensive and if you are not ready to do all your own marketing, lead generation, control your escrows, control you listings then being part of a team may be the answer.  It is also a good way to learn the real business (not the schooling part) with out great expense up front or on a monthly basis.  However, a big part of any commission will go to the team leader along with the credits for production..  Good luck...  A good time to enter RE as you have no bad habits, no previous experiences to get in your way.

Answer #2
Submitted 05/28/12 01:49 PM
Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com (Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate): Broker Owner in Las Vegas, NV Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com (Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate)
Broker Owner
Las Vegas, NV

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A.

It depends on what you are looking for.  Most teams furnish training and leads.  Other shops (like 100% shops) expect you to be fully operational.

The shop that I do broker offers leads at very inexpensive splits.  I can also pair you with a mentor so that you can work at 100% when you are comfortable with paperwork and slippery situations.


Give me a call for a private interview if you would like to see what our brokerage has to offer!
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