Yepez , Congratulations on your courage to enter this crazy and wonderful profession called REAL ESTATE.
The market is tough today as you may know. In times of difficulty can create opportunities.
Now, what agency should I work for? That is the million dollar question. Do you go with a higher payout company or a reputable name brand company? Do you make a decision on the the broker you interviewed because they were referred or the franchise itself?
Here is a little tale of reality:
After being in financial services for over 13 years I decided to take on real estate sales full time. It happened in late 2004. I started out with one of the Big 3 and during the heyday of real estate as the bubble was being created they offered a 1 month 7 day a week training to recruit new agents as the market was sizzling. The training was more of an overview on how to fill out contracts, listing agreements and market yourself through the company brand. The training was sufficient if you wanted to brand the company you are with and not yourself which is not bad if you are just starting out. In the real estate business it is all about PERSONAL branding. The more you know, the more deals you close, the more people you meet, the more your income will rise despite where you hang you license.
Get Ready for Beauracry.
Most agents rant and rave about their company because they are happy with one of three things: their payout ,getting leads, or just donâ€™t feel comfortable in making a move because of the comfort ZONE. I can guarantee you if any of those things change drastically you will be hearing a different tune. You will need to attend many meetings. If you like meetings and need that comfort of being in a so called â€œteam environmentâ€ go for it but you will not learn anything in the real estate REAL WORLD that could have been accomplished in a 2 hour classroom with a properly trained instructor at the Board of realtors. Well as you can see I am not into wasting time.
As a broker in most cases I do not disagree with some of the fees because it takes money to run a brokerage operation, however some can be uncalled for. Be careful with payouts and fees.
Get everything in writing!
Never, never sign any document with a Broker until you have outlined everything you spoke about in detail. Trust me this will be your best advice.
If I were to start my real estate career in todayâ€™s market I would only go to work with and agent or a broker regardless of company size who is willing to do the following:
1. Mentor me in this business.
2. Allowed me to shadow him everyday
3. Answer all or most of my questions
4. Give me direction
5. Create a Schedule
6. Compensate well for my efforts
7. Give it to me in writing
Good Luck in your endeavors and will leave you with this quote:
Being busy does not always mean real work. The object of all work is production or accomplishment and to either of these ends there must be forethought, system, planning, intelligence, and honest purpose, as well as perspiration. Seeming to do is not doing.
Thomas A. Edison
Carlos del Amo
Smart Growth Realty