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Choosing a Broker is tough...or is it?

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Real Estate Agent with Alliance Real Estate

Choosing a Broker is tough...or is it?

You go to classes, you study, you take a big test. Then what? You have to choose a Broker to work for/with. How do you do it? And how many new agent really put as much energy into interviewing Brokers as they did prepping for the test?

I put a lot of time and preparation into choosing a Broker. What did I do?

Web sites: I looked at company web sites of Real Estate companies in my area. I wanted to see how easy the site was to navigate, could I see all MLS listings, could I find information I was looking for, and was the site a source of community information?

Phone interviews: I called brokers and conducted phone interviews. I asked the standard questions they tell you to ask in school and added a few. One question I asked everyone, if I had a listing tomorrow would it be a problem? This question was asked under the premise I just passed the test 1 day prior. Ask a strange and challenging question. You will learn more then just the answer.

Associate interviews: I conducted phone interviews with associates that were currently working for brokers. Interesting what people will tell you over the phone. I learned a lot about their culture and ethics.

In person interviews: I met with the brokers of my top 3, chosen from the above criteria. What was the culture, structure, what do they do to set them apart, and how did we jell? I think personalities play a huge part in work place happiness. I did not want to go a company and get lost. I wanted them to care if there in 12 weeks, 12 months, or 12 years.

I wanted to work with a broker that had the technology to compete in this competitive industry. I wanted to be a part of Realtor.com. As Barbara Corcoran said on the Today Show, Realtor.com has the most houses to choose from and is the official site of the National Association of Realtors. My marketing plan needed this as well as a number of other web sites. Technology savvy was high on my criteria. Other important "extras" a broker can offer are: visual tours, onecallshow.com, business hub, virtual assistant. And of course how much will it cost me to do business there.

Happily, I have made Alliance Real Estate my home, alliancesells.com. I found all of the technological advantages and more in use at Alliance Real Estate. Choosing a broker is an exciting piece of the puzzle and very important to the success of your business. Make sure you put the energy into it.

Kim Fendrick

Alliance Real Estate, Omaha NE

Show All Comments Sort:
Linda M. Cataldo
Dock Street Realty - Myrtle Beach, SC
Beach Destinations Realty Myrtle Beach

Myr decision was easy - my broker is my husband!

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Mar 03, 2008 01:56 PM
Bob Schenkenberger
Colorado Realty Professionals - Greenwood Village, CO
Denver Real Estate
Good luck!  I hope you have a long prosperous relationship with the broker.  Changing companies all the time is costly for an agent.
Mar 03, 2008 02:02 PM
Wendy Montoya, REALTORĀ® Broker Associate, 254-315-4906
Towne Adams REALTORS - Waco, TX
LOL Linda! It really can be mind boggling though. Kim, it sounds like you did so much work prior to choosing that you may have found just the right spot. New agents can learn from you and your experience to help find the right Broker. I had the hardest time myself, but luckily fell into an office that fits me and my personality very well. Your approach is much better!
Mar 03, 2008 02:02 PM
Colleen Fischesser Northwest Property Shop
NextHome Experience - Chelan, WA
A Tradition of Trust in the Pacific NW since 1990!

You're smart to do your research as many companies offer different levels of support and Broker support. I'm a little stuck w/ my Broker....it's me! :-)

 

Mar 03, 2008 02:09 PM
Barry Smith
Excellent Service Realty - Saint Petersburg, FL

Before choosing a broker, I too went to their websites and checked them out; but really, you can build your own website and not rely on your company. Keller Williams; however, does supply each agent with a website.  Also, a broker will probably say whatever it is that you want to hear to get you to join and make them money. You really have to talk to the agents and observe to see the true picture.

It turned out to be an easy decision for me. I joined Keller Williams because I consider KW to be the best in the industry. The Keller Williams philosphy is wonderful. The basics of it are the WI4C2TS ...say Wi 4 C 2 T's

 Win-Win

Or no deal

 Integrity

Do the right thing

 Customers

Always come first

 Commitment

In all things

 Communication

Seek first to understand

 Creativity

Ideas before results

 Teamwork

Together everyone achieves more

 Trust

Starts with honesty

 Success

Results through people

 

 

 

 

 

 

At Keller Williams ideas are shared between agents in the idea that we all gain by helping each other. ..and I like that.  

Mar 03, 2008 03:12 PM
Teral McDowell
Referral Patners LLC - Murphy, TX

Choosing a broker can be tough and I support doing your homework first.  I would also agree with Barry about talking to the agents in the office to get an understanding of the culture.

May 26, 2009 04:20 AM