Question Details

Steve,  in Saint Cloud, MN

I recently passed my realestate test but I am still undecided on a broker.

Asked by Steve, Saint Cloud, MN Mon Feb 16, 2009

I am looking for advice on what questions to ask brokers. What makes each broker different from each other?

Help the community by answering this question:


Welcome to the small world of Real Estate! You've worked hard to pass your test and this is the 2nd hardest decision you can make in your new carreer.

Remember you are interviewing THEM.

Start by asking what you will need to make to cover your everyday expenses. Don't go with an agency that offers the highest commission split. Sometimes the aompanies with the 50/50 split offer the best initial training for new agents. There's a lot of "real life" to learn and I found that shadowing a willing experienced agent can teach you a lot.

Ask if you'll be getting leads or weather or not they want you to do "phone time". You'll bennefit in the beginning by answering the front phones and you'll learn the righ questions to ask to turn a phone lead into a buyer or seller.

Don't forget monthly office expenses. Ask them if they charge a desk fee, charge you for B&W or color copies, what marketing materials they provide you and what ones you have to buy through them.

E&O insurance premiums. Do they charge yearly, monthly or per trnasaction?

These are just a few. I'm sure there will be more agents out there to offer more!

Again, Congrats on passing your exam and welcome!

Daniele Summerfield
Wilkinson & Associates
2 votes Thank Flag Link Mon Feb 16, 2009
When I speak with potential candidates we always discuss what their business plan is and how we an help them achieve their goals (financial and career).

I would ask a potential broker if they have a road map to guide you towards your idea of success. If they don't have a plan then seek someone who does.
Web Reference:
1 vote Thank Flag Link Tue Feb 17, 2009
WELCOME to world of real estate.

Where you feel most comfortable agents like yourself and personality.

good luck ! I love real estate doing this for 20 years
Web Reference:
0 votes Thank Flag Link Mon Feb 16, 2009
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer