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What to look for in a good brokerage house?

By
Real Estate Agent with Aksland Real Estate
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.
Jeff Lund
Jeff Lund-Income Property Specialist- Bellabay Realty LLC - Grand Rapids, MI

I agree, training is important, and I am still learning every day even after 20 years!

Develop your business, then you would have a basis to better negotiate a commission.

Jeff Lund

Director of training and technology

Five Star Real Estate

Dec 04, 2007 07:48 AM
Matthew Ricker
Keller Williams - Portland, OR
Thanks Matt, I completely agree.  You can definitely get a good sense of how other agents are committed to newbies when you visit an office.  I felt that training was important, and I am very happy with my choice.  It is still a difficult decision, and I find from many of my friends that many places exaggerate their training programs to attract more agents, but then don't follow through.
Dec 04, 2007 07:52 AM
Konnie Mac McCarthy
MacNificent Properties, LLC - Cobb Island, MD
Broker/Owner - VA & MD "Time To Get A Move On!"

Something I wish I knew about when I first started...not that I have a few years under my belt, I realize that I should have choosen wiser..

Dec 04, 2007 08:24 AM
Jeffrey Tumbarello
South West Florida Real Estate Investment Association - Fort Myers, FL

I am not an agent, nor do I play one on TV

I spend a lot of time with them

find an office where they go to work everyday, a business attitude, not recess

Dec 05, 2007 01:29 AM
Matthew Zgonc
Aksland Real Estate - Modesto, CA
Realtor, CFS, CVS

Going for split is the mistake many agents choose, unless it is accompanied by wonderful training.

 

SFREIA: I like your commment. Very true, they need to be focused, not just socializing.

Dec 05, 2007 01:34 AM