Now, I am coming to find that this is my business and I get what I put into it. I work for Coldwell Banker Flangan and am very fortunate that my broker and manager are there when I need them. BUT they are are not over my shoulder. The answer to your question really depends on the broker of which ever agency you become involved in. I don't even think I would want to participate with a Broker who was limited or absent, think about it..
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They are responsible for their actions.
The day in and day out activities do vary by Agency, based on the Business plan.
Choose wisely, my friend
MOST agencies will pay all or a portion, if not all, of the cost to take the licensing course if you agree to work for them.
Have you interviewed at a few agencies to see what their commission policies, training methods/programs, benefits, and out of pocket costs etc are?? It might be worth your while to do that first, then take the course and have an agency waiting for you when you pass the exam
The managing broker is just that. The manager of the office. Duties are defined by the state where the company is located and licensed to do business and the owners of the business. Some states allow the managing broker to manage multiple offices.
Basically the "broker of record" is ultimatly responsible for all their agents but it depends on where you work as to how involved the broker is. Usually you have more contact with the broker/manager.
In a small agency (like one office) usually the broker is also the manager.
In a large agency (like mine) where there are 17 offices, there is a "broker of record" for the company, and each branch office has an individual broker/ manager. So technically the "broker" is absent because he is not involved with the daily routine of each office.
In both cases the broker/managers are usually involved in training a new agent, monitoring their activities, guiding them, making sure they adhere to the rules and regulations, helping them with a marketing plan, and there to answer questions etc.