Home Buying in 34758>Question Details

Fl34758, Both Buyer and Seller in 34758

If I invest in a real estate lic (retiring Reg Nurse) How hard would it be to be hired as a new real estate sales associate

Asked by Fl34758, 34758 Sat May 12, 2012

Pat 407-460-5954

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8
Pat,

My office hits the ball out of the park as Annette mentioned below. It is very important to look at the office statistics. I disagree with Antonio regarding the franchise fee. While being under a big name umbrella is not the most important thing in real estate, if the office hitting the ball out of the park happens to be a franchise, so be it. Don't get side tracked by brokers offering you 100% commission as 100% of 0 is still 0.

Kelvis Melo

Prudential Results Realty

407-715-0437
kmelo3@cfl.rr.com
0 votes Thank Flag Link Sun Jul 8, 2012
Bill, Annette and Mark gave great answers. Real Estate is a business of Persistance and Learning thru practice. All Brokers have one single interest in having agents, getting a commission split from you. Keep in mind one thing...you work for yourself. If you have to pay 6% commission to the franchise to feel you are part of a Big Label Franchise then you are still learning the ropes.
0 votes Thank Flag Link Sat May 12, 2012
Not hard at all, but do keep in mind that getting "hired" does not mean you will make any money and there would certainly be no salary. It just means that they will train you in hopes of getting a nice cut of the commissions you generate.
0 votes Thank Flag Link Sat May 12, 2012
Hello Pat
I am looking for and agent in that area. I will give you a call
0 votes Thank Flag Link Sat May 12, 2012
Great answers below. Choose your office wisely.
Good luck!
0 votes Thank Flag Link Sat May 12, 2012
Getting hired as a new real estate associate. Not a problem. The majority of brokers will welcome anyone on board as long as they pay their fees and splits. Others will shout from the roof tops that their training is the best thing since sliced bread, and for that reason, you should join them. (please note I said join them NOT hired by them)

The business pattern that is pervasive in the real estate profession has created an environment where only 5% of newly minted real estate agents will see their 2nd year anniversary. YOU DO NOT HAVE TO BE A VICTIM of this failing process. You must, however, do your homework. And, from the discipline you have utilized on your health care profession, you can easily see the validity in my advice. Don't be distracted by the symptoms but measure the results. That is the only thing for which you should be concerned INITIALLY. RESULTS!

Each broker with whom you meet, ask to see the office productivity statistics. \
1.Home many agent are in the OFFICE not the franchise?
2. Home many teams in the office? \
3. Home many members on the team. Sum the agents and team members.
4. What was the number of transactions of the office last year and per month this year.
5. Divide by number of agent to get average transactions per agent annually.(monthly ytd)
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Note: the national average of the number 2 -6 franchises is approximately 6 transaction per agent annually. That's one transaction every two months. This number is the RESULT of the effectiveness of the training. You want to be with the office whose training produces results. If they are hitting the ball out of the park in regards to transaction count, you need to get aboard...and your training will be simply do what they tell you to do!! This is not rocket science stuff! Simpler than being a nurse with absolute certainty.
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Clearly there is more you need to know. Bill Eckler comments regarding Mentoring is ESSENTIAL and you will find, ,mentoring is a part of those offices whose results stand alone and speak so clearly regarding the fabric of the programs and processes.

Best of success to you.
Annette Lawrence
Broker/Associate
ReMax Realtec Group
Palm Harbor, FL
727.420.4041
0 votes Thank Flag Link Sat May 12, 2012
One way to improve you chance to get hired is to sign up with a coach, like the Mike Ferry Organization. Mike Ferry will help you get up and running so that a brokerage wants to have you and you your career will be jump-started.
0 votes Thank Flag Link Sat May 12, 2012
Finding an agency to work through should be the least of your worries. Concentrate on finding a company with a program that truly supports new agents and helps them experience success. Many feel the most beneficial program for newbies is a mentoring program that nurtures agents in every respect of the business form farming & pricing to negotiating & marketing. Having someone that will watch over you and someone you can process things with will prove invaluable.

Best wishes,

Bill
0 votes Thank Flag Link Sat May 12, 2012
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