Video
Transcript
Location,
location, location are the
most important words in real estate for setting the value of
property… opportunity, however is the most important word when you
choose a real estate office and Broker. Acquiring your real
estate license allows you to legally act as an agent. Unfortunately
it does not prepare you to earn a living. And since most of us have
no idea of how to set up and build a real estate business from
scratch, as a beginner you are going to need all the help you can get
…So picking the right office is extremely important.
This section is about choosing an
office and a Broker, that will give you the best chance, and
opportunities to get started, survive, and prosper as a newly
licensed real estate agent. First of all, you’re not looking
for a job. There is no salary involved. You are looking for a place
where you can create your own job… your own business… Brokers
are always looking for agents who are willing to work hard and split
their commissions. So, to paraphrase the late Presodent Kennedy…Ask not
what you can do for your broker… ask what your broker can do for you.
What your broker should do for you
is provide opportunities… opportunities to learn… and
opportunities to earn… how do you find such a broker…? You
interview them… You call and make an appointment by saying that you
are a new licensee and you are looking for an office to work out of.
You can get a list of brokers from the yellow pages and by contacting
your local real estate board, which you should do as soon as possible
anyway.
When you have an appointment with a Broker,
don’t be afraid to ask
the important questions:
Is the broker
a member of the local
real estate board, plus the State and the National Association?
Does the
office have an up to date
computer system that is connected to the MLS system? Is the
system available to you?
What kind of
phone system do they
have…? Does it include voice mail…? What is your monthly
charge for using the system…?
Does the
office have a training
program…Or perhaps a mentor program to help new agents…?
What kind of
support staff are
available such as a receptionist? Is there an office manager or
Broker available who can answer the countless questions that all
agents have…
Does the
office have the state
approved forms and documents such as: purchase contracts, listing
agreements, disclosure forms, etc. Is there a charge for
the forms? Is there someone available to explain how to use the
forms?
What is the commission split?
They differ from area to area… Does your percentage increase with
your production?
Do they offer Errors
and Omissions
Insurance, which every agent should have. What is the cost to
you?
What is the
Brokers advertising
policy? Does he pay for advertising the company listings or is
that an added expense to you?
How many
listings does the office
have and are they available for sitting open house?
How often does
the phone ring with
prospective buyers and sellers due to company signs or advertising…
and what opportunities will you have to take those calls?
Does the
office have a crisscross
phone directory for cold calling?
All of these questions cover areas
that are important for giving you the opportunities and the tools
necessary to be successful. Use them to find the right office for
you.
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