I have just passed my Brokers exam. I am looking for some advice and guidance on what to do next. I would expect that my options have just grown exponentially however I am not feeling so confident about my choices.

Mostly because I am not quite sure what they are. I am not really happy at my present office and would like to go out on my own. However before I do I would like to get some feedback from some of you who have made the leap to be on your own or to have your own franchise or office.

What kind of leverage do I have now? ....how can I look to increase my commision split if I decided to stay at my present office while I plan and prepare to make my next more?

What exactly does being an associate broker mean ...in money? in self-reliance? in potential to do things without feeling a leash around your collar? 

What are the pros and cons of owning your own franchise? 

What kinds of costs are associated with opening up your own franchise?

Is there some business plan already out in the ethers of the internet that are for R.E. Brokers?

Is there a sight for rookie brokers to glean years of wisdom off Brokers with expereince...and knowledge? 

What kinds of pitfalls or stones are in my path that I should look out for?

I have in my mind a general plan of attack, my business plan can be easily converted into a business plan to run an office and I would like some advice to help me make the right moves.

I would bet that there are a million pieces of excellent advice that some brokers have learned through hard earned experiences. I would prefer to learn from others mistakes than to fall over common stumbling blocks that could easily be avoided.

My Pappie told me .....smart men learn from their mistakes....and wise men listen to them.

Nuff said,

Robert

 

 

2 Comments on Rookie Broker Looking for advice

JAN
26
2008
243,622 Points 5 Featured Posts Outside Blog

Robert,

I wrote a post about my "own" real estate office experiences . How much experience do you have?

In my opinion it is geting harder to own and run an office. Hard to motivate people. If you are a great motivator and trainer then I say go for it. If you are a great "Realtor" who knows how to sell, find an office that will pay you what you are worth. Good luck!!

7:20am • #1
1 Featured Post

Running a business is time consuming; a lot of extra work keeping the books and trust accounts, managing and training people.  But if you are a go-getter and don't mind all the hard work then go for it!  

We have a franchise that is wonderful... and if you want to look into it, LET ME REFER YOU.  Email me and confirm that you'd like to look into it and I'll make the phone call.   For under $5000 you can own a United Country franchise.  You will have to split your commission with the company, and that can be anywhere from 7% to 20% depending on how much your business makes in a year (the more your office makes the less the commission split), but the benefits and home office support are tremendous.  We are averaging over 350 confidential referrals per month in our little office in South Carolina.  The home office advertises nationally and internationally for you as well - They advertise in over 350 different publications.  Website support is great and all our websites are linked.  Check it out.  United Country and let me know if you are interested.

7:37am • #2

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Robert Moreno

Antioch, CA

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Moreno WorkGroup

Address: 1210 Central Blvd., Suite 125, Brentwood, CA, 94513

Office Phone: (925) 240-8077

Cell Phone: (925) 437-0567

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