The experience you had with the first broker with whom you interviewed is unique; at least it is in my area.
It is pretty typical for brokers to tell you how wonderful you are and and how you'll be a great fit for the company. They figure you have a few friends or family members who are in the queue and ready to buy or sell, so you'll be a quick revenue source right upfront. You mentioned in a previous post that you have four people waiting.
Prepare a list of questions to ask when you interview brokers. You might like to search online for 'questions to ask when interviewing a real estate broker' for guidance. Be sure to include open ended questions and be a good listener.
Personally, I have chosen from the start of my real estate career to keep expenses to a minimum and commission to a max. I take care of all real estate related costs, I like to stay in control of MY business. I know many may criticize this approach, but I can promise you that I have colleagues that while selling as much real estate, show a much lower 1099 at the end of the year. If we add to that fact, thousands of dollars in additional brokerage fees, training, etc, would that become a concern to you now?
It's very difficult, once you have paid for all the collateral materials (signs, bus cards, letter head, stamps and on and on) to realize you made a mistake and have to look for another broker to work with.
Be very careful in making this decision.
Your education and training is the most important thing right now. Go where you are going to get shown the ropes and given opportunities. I know it's tough, but try not to make decisions based on money. A year from now you can move on and start shopping for dollars.
Best of Luck.
In real estate, there will be lots of disappointments. You'll have to learn to suck it up and move to the next and in the process, you should learn to recognize the signs of would be clients (or brokers) who are not as committed to you as you are to them.
Over time, there will be many more positives than negatives in real estate. You just can't obsess on the people who let you down.
If you're sitting back and waiting for them to call you, then that attitude might not get you anywhere. You need to be aggressive and go get it. After all, that's how you will be successful as a Realtor.
Once you develop some experience and the customers are coming to you because you're the best, then your needs might change and you might want to seek a more favorable split for you. At that point you might not need the hand holding that certain brokerages provide.
Hope this helps
Agents aren't paid anything. They work on commission.
As a previous answer notes, the external expenses--getting a lockbox, joining your local MLS, joining your local, state, and the national association will all be the same regardless of where you are.
What varies is the split that you have with your broker. You might, for instance, pay $250 a month and receive 100% of the commission. Or you might pay little or nothing, but end up splitting your commission 50/50 with your broker. That's the really big difference.
Different brokerages will vary somewhat on whether you have to buy business cards or other incidentals, the cost of copying, etc. But that's not going to make a huge difference.
Hope that helps.
You will discover there are DRAMATIC difference in the fees you will pay between brokerages.
However, those things administered by the MLS such as lockbox, NRA and MLS will be the nearly identical.
Even within the same franchise the brokerage fees can vary $1,000 monthly.
Stinks, you would be well advised to turn your attention to other aspects of the business. Those who are pedantic about costs have a scarcity mindset and will forever be scraping to make a living. What you need to be looking at must be regarding where you can make a profit. A $5,000 monthly fee is of no concern if the potential is $500,000 a month. Get my point?
You are looking at the wrong stuff.
You need to read again the '7 Things I Wish I Knew Before Starting Real Estate."
The moniker does not bode well for you either.
Best of success in your real estate choices
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
Wishing you all the best in your new career.
Regarding the brokerage, there is only ONE question you need to ask, and only one reponse the broker needs to provide.
EVERYTHING ELSE IS MEANINGLESS!!!
The fees....MEANINGLESS (for shame you might pay more)
Stinkers, you need to honestly ask yourself, "Why did I choose real estate?"
You have lost track of your mission, your goal, your objective and have fixated on the MEANINGLESS.
I will not provide you the one and only question for which you should have any concern. However it is available if you invest the energy to look for it. What is given away freely is perceived to have no value.
You ask, are you making a mistake? You already have! What are you going to do now?
Cost wasn't the main concern. I know that all brokers charge for the incidentals like business cards, lockbox, NRA etc. But I was wondering how do you know if one company is charging to much? What's standard besides the main stuff? More fees doesn't necessarily me better service. Like one company with the recruiter had a 1st training $1000 then another mandatory training fee during your first year $450, then a percentage on your first 3 sales, then a quarterly fee of $395 etc.i Do most brokerages charge a quarterly of monthly fee? Those are the questions I'm trying to find out about. What's fees reasonable?
Some brokerage (especially with recruiters) can seem like its a good fit because it's their job to (sell), get you to spend the money and believe in them which I don't mind doing but I'm looking for what is just excessive.