What to look for in a good brokerage house?
This is geared towards the newbies into real estate, The choice of brokerage that you work for is probably the most important decision that you make. Brokerages will offer you splits of 60-40, 70-30 or 80-20 to start. However, the split is the last thing you should look at as an agent. The biggest thing to look for is training. Make sure that the brokerage you are working for has an excellent training program. You are in real estate to sell houses, and you need every opportunity to achieve that result. The training program should include active hands-on training, not passive training where you learn by going out with the top producing agent for one day. It should be on-going and progressive. Why is training important? Because without it you may violate laws and not get many clients. Having a big split is nice, but 80% of 0 is 0. Remember when selecting a brokerage it is training that is key at first. Once you are experience then you can focus on the split and profit sharing.
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