I am close to getting my real estate license. When should I start talking to brokers, and at what companies would you suggest?

Asked by Kelsey, Austin, TX Tue Sep 6, 2011

Help the community by answering this question:

+ web reference
Web reference:

Answers

15
John Crowe, Agent, Austin, TX
Tue Sep 6, 2011
Hi, Kelsey.
I think Bruce offered the best response, start the interviewing process today. I might suggest you limit yourself to whatever you can handle - if it's 5, 8, 10 or more (or less) meetings. While the commission split is an important factor, it is only one element of many. Education and training, mentor programs, systems and tools, etc differ from brokerage to brokerage. You need to find a place where you can learn the ropes, have a broker who will invest in your growth and protect you and enjoy a work environment where the chemistry with other agents is a fit. There is a lot to consider.

I've worked in small brokerages and large, I am a broker as well, and when I made the transition to my current company this year, I spent a good deal of time speaking with others. If you'd like to pick my brain, give me a call. Happy to share what I learned and what was behind my decision.

Good luck!

-John
Web Reference:  http://www.crowehomes.com
2 votes
Thomas Bohlm…, Agent, Rolesville, NC
Tue Sep 6, 2011
Kelsey

Not only ask about commission split but any other fees that may make your income less. There are other fees that reduce your commission.

For example, some of Agancies, charge a commsion or franchise fee on the sale that goes to the national Master Franchise.
And Doc fees. Just like buying a car, some agencies will have a doc fee on each of your transactions.

Then there are the desk fees, technology fees, E&O Insurance ? how much per month do you regardless of income you make or dont make per month.

Next ask about training. What kind of training will you get? who will provide that training? do you get opportunities to shadow experienced agents on Listing Presentations? Leads, do you have bang on doors are do the old MLM friends and family or "circle of Infulance" lead generations. Or buy leads or ???

Being a Realtor is owning your own business. Yes you are affilitated with an Agancy. The are Up sides and down sides to owning your own business.

For the most part it is an UP for me and many other Realtors. Meeting great ppl and helping them with their dreams of home ownership is my major "UP" for being a Realtor.

Best of Luck to you

Tom
1 vote
JOSEPH E JAR…, Agent, Austin, TX
Tue Sep 6, 2011
Kelsey, I would be happy to talk to you one on one, but I must highly recommend Keller Williams, Austin's #1 Real Esate Co. year after year. I came to Austin 7 years ago with no contacts, no computer (ever), no knowledge of Texas Real Estate, etc., etc. In year one, mainly due to KW's excellent, mostly free training, I closed 2+M. In year 2 I closed 7+M!! I've consistently been a top producer and am now a KW Master Instructor as well. Of course you get out what you put in, BUT Keller Williams gave me the tools, training, and constant support (to this day) to keep me successful And the split is great too!! I interviewed with about 10 other brokers, boutiques, etc. and still see KW as the best fit for most agents. Call me at 512-261-4415 10am-7pm any day to chat if you'd like. Good Luck!! Joe Jarusinsky, REALTOR/Master Instructor, Keller Williams Realty
1 vote
Vanessa Nunez, Agent, Austin, TX
Tue Sep 6, 2011
I would look at all options. I work with a boutique firm. Choose what best suits your life and work goals. Also know that there are brokers that do not charge and give leads...if you want more info on VOX Real Estate call me 512-750-5716 or email vanessanunez.realtor@gmail.com

Hope this helps you in your process,

Warmest Regards,

Vanessa Nunez
1 vote
Drew Tate, Agent, Austin, TX
Tue Sep 6, 2011
Kelsey, you might also want to check out Private Label Realty. It has, in my opinion, a far better comp plan than KW and excellent training for new agents (led by a former KW agent/trainer). I'd be happy to make a contact for you if you want or you can just call Jake Kail at Private Label Realty (reference link below). Good luck! - Drew
1 vote
Bruce Lynn, Agent, Coppell, TX
Tue Sep 6, 2011
Kelsey,

I think you should start now.
I'd pick five in the area where you live or want to work.
Pick a couple of small brokers, a couple of big brokers, and maybe one that is specific to Austin.

The link below will give you some considerations to think about and some questions you might want to ask.

If it is helpful to you I can set up an interview with Keller Williams for you. I definitely think we should be part of the five you interview. One of the biggest challenges most new agents face is generating leads. Our new eEdge system is a great way to get those leads flowing in to you. In fact if you allow me to be your sponsor I will be happy to provide you some great one on one training on the eEdge system that will help you start generating leads specifically for you. This is one of the things I love about Keller Williams. Each agent has a sponsor who should be very interested in your success.....keeping you from spending money on things you don't need and focusing your time on the things that work. Another thing I love about KW that sets us apart is that we are continually doing research on what makes agents successful and then sharing that with our agents. Checkout the books like "Millionaire Real Estate Agent", "Millionaire Real Estate Investor", FLIP, Shift, and Soci@l.

Good luck and if you have any questions please feel free to contact me.
1 vote
Cheryl Fowlk…, Agent, Austin, TX
Tue Sep 6, 2011
Start talking with the brokers now. You will need a sponsoring broker so why not figure out who will give you the best hands on training. Keller Williams has a robust training schedule, a lot of mentoring, new electronic commerce where you have all of your forms and electronic signatures all in one system with marketing and contact management all in one. I am out of the Lake Travis market center and the broker is great and has an open door policy. Keep in mind every market center is individually owned and operated. I actually belong to two of the one in CA and one here in Austin, TX. My office in TX is much better with family type environment, big on education and has a great support staff. The support staff is vital to getting yourself off the ground with a bang..
1 vote
Akil Walker, Agent, Upper Marlboro, MD
Tue Sep 6, 2011
I would start looking at different brokerages now. I suggest you find a brokerage that fits your needs. do you want to work for a large, medium, small brokerage? do you want a broker accessible to you for a questions? will they assign you a mentor? etc.

Some things to consider when looking.

Good luck
1 vote
Cynthia Bell, Agent, Cedar Park, TX
Tue Sep 6, 2011
I agree with the other KW agents. I started with KW as a new agent. In my opinion, KW has the best training in the business.

Start reaching out now, so when you have successfully completed the licencing process you can join your new broker.

Good Luck!
Web Reference:  http://www.cyndibell.com
1 vote
Trang Beusch…, Agent, Campbell, CA
Tue Sep 6, 2011
Kelsey, I would also put in a vote for Keller Williams. When I first started out 7 years ago, I signed up with KW. They have a good training program and also require you to have a mentor in the office to help you with your first few deals. Since each office is independently owned, you can try going to a few in your area and see which office you feel most comfortable with. Good luck and congratulations!

Trang Beuschlein
San Jose CA Real Estate Broker
CA DRE Broker License #01453711
1 vote
David Cavali…, Agent, Austin, TX
Tue Sep 6, 2011
Nextage Realty has a fantastic business model and excellent training. We not only train you to become a top producer, but we help you to build a team of agents who provide a residual source of income for you. We also have a great mentoring program and provide buyer and seller leads to help you get started. Please call to schedule an appointment at your convenience.

David Cavalier, Broker
Nextage Lincoln Ray Realty
512.656.5787
http://www.nextageaustin.com
1 vote
Don Groff, Agent, Austin, TX
Tue Sep 6, 2011
Hi Kelsey,

Phillip is correct. Keller Williams offers fantastic support and is a great place for newbies and experienced agents. If you have any questions please let me know. I would be happy to answer any questions. I would also recommend meeting with several of the big name companies to get a feel of where you feel the most comfortable.

Best of luck to you.

Don Groff
REALTOR® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o.512.669.5599 m.512.633.4157
listings@dongroff.com
1 vote
Phillip Baird, Agent, Austin, TX
Tue Sep 6, 2011
Hello Kelsey,
Now is the time. I personally love Keller Williams. We have the best training and support in the business. Please email or call me. I would love to explain further.
Best of luck!
Phillip
1 vote
One Riot One…, , Austin, TX
Fri Sep 23, 2011
If you have not yet found a broker check out http://www.agentwanted.net. This is a site created by Capital Real Estate Training. It lets prospective agents get in contact with several brokers at the same time. You submit your information and any brokers who like what they see will contact you.
0 votes
John Souerbry, Agent, Fairfield, CA
Tue Sep 6, 2011
I recommend you look for a mentor, not a company. New agents benefit most from a mentor who can communicate, understands their strengths, weaknesses and goals, and has a vested interest in their success. Find the right mentor first, then you can hang your license where the mentor has theirs.
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more