I recently passed my real estate exam and am eager to begin my real estate career. I have a number of paths and ideas as to which way I would like to

Asked by Joshua A Morse, Orlando, FL Thu Feb 4, 2010

ideally go, although I know those paths often change. Nevertheless, I was wondering what advice could be provided as to where would be a good place to hang my license? I have read time and again, "The place with the best education" or "whichever place bests suits you". Some other advice please?

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12
Dianne Hicks, Agent, Rancho Bernardo, CA
Thu Feb 4, 2010
Congrats!!!
I would interview with quite a few places and trust your instincts on where you feel comfortable. Use your own email and phone number not your companies. That way you can change easily should you not be happy with your choice and your clients will not feel the change and will still be able to contact you without you broadcasting change.

Good Luck!!!
1 vote
Sandra Rathe, Agent, Weston, FL
Fri Feb 5, 2010
Joshua-
I think the best advise that I got was to go and "interview" several different companies. I imagine that you have a feel for what price range of properties you want to start in and what type of image you want to portray to the world. I found that sitting with 4 different offices I got a very different feel at each one. There were the offices that would do absolutely anything for a sale and then there were the offices that prided themselves on their ethics levels and solid business plans. There were offices that were clearly in the high end and offices that were supported by the low end. You need to pick which of these spots is most comfortable for you. Additionally, you will need to look at training. Most of the larger companies are going to offer great training as that is how they attract their new people. So look beyond the training and look at the personality of the office and especially the office manager who you will be interacting with quite a bit.
Good luck!

Sandra Rathe
954-547-4601
EWM Realtors
0 votes
Risa Liebster, Agent, Toluca Lake, CA
Thu Feb 4, 2010
Joshua, You've got a lot of great input here. If you like to speak with someone in person and in more detail feel free to call me as I'd be happy to share my experiences with you regarding starting a real estate career. Good luck!

Risa Liebster, Realtor®
Keller Williams Realty
818.397.9188
RSLiebster@gmail.com
http://www.TolucaLakeRealEstate.net
0 votes
Emily Erekuff, Home Owner, Menifee, CA
Thu Feb 4, 2010
Hi Joshua,

Your question was duplicated on our site. Please access the link below to check out the other answers that you've received.

Best Wishes,

Emily Gibson
Community Moderator
0 votes
Marisa Whisel, , Viera, FL
Thu Feb 4, 2010
You really need to research all of your options, interview many brokers, and find the place that "best suits you". But what exactly does that mean?

Do you have a strong business background and marketing knowledge? Or do you need a mentor to help you determine your business plan?

Are you a strong self-starter that can work from anywhere? Or do you need/want to go in to an office every day for the support, available training, etc.?

Do you have a lot of money set aside for startup expenses? Or do you need a brokerage that provides signs, lockboxes, leads, marketing assistance, etc.? (And make sure you find out what kind of leads and how many they do provide). Some brokers have lower fees and you pay more when you close a deal. And some brokers have great commission splits, but charge monthly fees.

Are you looking for a brokerage that is forward looking and will support you if you want to focus heavily on internet marketing for building your brand and gaining exposure in the marketplace? Or do you have a large number of local contacts and plan on marketing the old school way? Some brokers will tell you to focus on your sphere of influence and discount any internet marketing efforts -- even in 2010! You need to do both.

Do you want the name recognition of a large brand behind you? It can benefit you. I personally have received calls from people because of the name brand. But there are fees associated with the brands. You need to decide if you think the benefit outweighs the costs for you.

Make sure you find out the answers to these questions as you are researching different companies and interviewing companies.

You need to determine how you want to run your business, and then with your plan in place, determine which broker "best suits you".
0 votes
Bill Eckler, Agent, Venice, FL
Thu Feb 4, 2010
Joshua,

Congratulations on passing your test and selecting real estate as your career direction. Your comments about educational commitment and suiting your needs are definitely important issues.

Since the early stages of aspiring real estate professionals can offer challenges that cover a wide variety issue our recommendation is consider finding an agency that subscribes to an agent mentoring system....one that places you with an experienced agent(s) that can guide you through these challenging and rough times.

The beginning can be a lonely time....one in which agents question how they will ever get things going. A relationship with a dedicated mentor can provide you with valuable experience, keep you focused, and help you grow your business a the same time you are supporting veteran agents.

You can't beat learning from the best.....

Good luck
The Eckler Team
0 votes
Jane Grant, Agent, Aguanga, CA
Thu Feb 4, 2010
Attend a few meetings at your local board and ask questions of the governing board about which Broker would be best for your particular needs. You will also find out a lot by asking frequently attending agents. Also, pick a broker who is a member of the Chamber of Commerce in your area so that you can network and attend Chamber activities.
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Web Reference:  http://www.soreal.biz
0 votes
Robert Fall…, Agent, Orlando, FL
Thu Feb 4, 2010
Joshua,

Do explore every avenue and intrview several Companies before making your decision. You should feel comfortable with the Broker/Team Leader and the opportunities available to you within that office. I agree that training and eucation are extremely important to a new Agent. Incentives and commision split should also be considered.

I am with Keller Williams Classic and would suggest you take a look at our "Menu" before making your decision. If you would like further information, feel free to contact me.

Best of luck,

Bob Fallon
Keller Williams Classic Realty
407-956-6161
RJFallon@kw.com

BobsOrlandoHomes.com
0 votes
Kathy Weber, Agent, Temecula, CA
Thu Feb 4, 2010
Honestly, I would find a brokerage that is in a prime location. It makes it so convenient when bringing clients in for consultations and contracts.

2nd - I would make sure the brokerage has some type of a mentoring agent inhouse. It is well worth the commission split to get a jumpstart on the business the right way. These agents know the contracts and the right way to present offers. Without great offers, there's no sales. Then no commissions!!!

3rd - go to your local Association and sign up for as many educational classes as possible. I prefer to do this in the 4th quarter due to the business slow down for the holiday's.

Good luck!
0 votes
George Kiefer, Agent, Austin, TX
Thu Feb 4, 2010
The low hanging fruit (right now) are foreclosures and bank short sales. I would find a team that is capable of mentoring you on those business lines (re: how to effectively market and execute those lines of business).
0 votes
Condo Metrop…, Agent, Orlando, FL
Thu Feb 4, 2010
It's true, education is paramount, but that doesn't mean you have to go with one of the big names to get it. A smaller brokerage can provide it too, you'd just need to check that the broker is willing to give you some meaning full one-on-one, on a regular basis.

Consider also if you're looking to specialize in either high end single family homes, or say condos. How tech savvy is the company? Perhaps a ''boutique" brokerage might be of interest.

Whatever you do, remember it's not forever. You can move your license at any time until you find the place that's right for you. (If you're interested in condo specialism with a web 2.0 bent, Condo Metropolis would consider an interview. See our Realtor page below.

Best of luck,
Marcus Burke, GRI e-PRO
Broker.
0 votes
James Pruett, Agent, Longwood, FL
Thu Feb 4, 2010
First and foremost, it is your drive, knowledge, motivation, self-starting ability--you are now an independent contractor. Interview with a variety of agencies and see which model best fits your personality and goals. Good luck!
0 votes
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