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Asked by Kelli Jones, yorkville, IL Thu Feb 28, 2013

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Answers

15
Paul Cionczyk, Agent, GLENVIEW, IL
Fri Mar 1, 2013
BEST ANSWER
Kellita,
I was recently asking the same question. I e-mailed the local Real Estate Brokerages around me and told them that I was new and eager to learn and wanted to meet them. From there I arranged a time to meet them, and we talked. It was pretty much a 2 way interview to see if that office was the right fit for you and if you were a good fit for the office. When you're just starting out, look for the companies that YOU feel will offer you the best training and support. Don't worry too much about how much they will offer you in commissions starting off. They can offer you a 100% commission, but if they don't really prepare you to be a good broker, all that could be useless.

Money:Ask to see a breakdown of their commission structure for a new agent on a sale of say a $200,000 home, and see what it is they will take out from your commission. Ask if there are ANY OTHER FEES an agent in their office will pay for, any desk fees, any printing fees, marketing fees, etc. In the end for me it seemed like most companies charged for the same things either up front in desk fees, or found some way to take it out of your commission.

Be honest with them on what your goals are and be honest with yourself about where your gut tells you that you fit best.

Let me know if you have any other questions as you go along... And if you feel this post helps, please give me a thumbs up or even a best answer selection :) Good Luck!
2 votes
Marjorie L.…, , Chicago, IL
Thu Feb 28, 2013
Have you considered Keller Williams Realty? We have an office in Chicago and in the suburbs. I would love to introduce you to my broker. Feel free to contact me @ 773 536-8527.
2 votes
Luke Wojcik, Agent, Chicago, IL
Thu Feb 28, 2013
Don't be swayed too much with a high split if you are starting out. Go to an office with solid training and good office atmosphere. I agree with Dan below though. Finding a mentor starting out is probably the best way to propel one to success.
2 votes
Bill J Delig…, Agent, Naperville, IL
Thu Feb 28, 2013
Go somewhere where you can get training and a mentor/s. The money will come later. Good Luck.
2 votes
Korpacz Korp…, Agent, Rolling Meadows, IL
Mon Mar 4, 2013
Congrats Kellita. There is some good advice below. I would also recommend interviewing with several brokers as well. You should be asking questions not only about what your commission split would be but also what type of support, training, systems does the brokerage offer it's agents to help you in your business.

I would love to answer any questions for you if you have any.

Good luck
Kinga
1 vote
Judi Monday,…, Agent, Green Valley, AZ
Mon Mar 4, 2013
Approach the busiest agents in town and see if they need help. There is no better way to learn than working with someone who is successful in real estate. And no better way to build your skills than with on the job training. If you find the right person it will be a win-win for both of you. Over the past 3 years I have taken on 2 brand new agents--I got the help I needed and they learned real estate in a way you can only do so by being immersed in it. Both got a jump start on their careers and have gone on to build successful businesses.
1 vote
Manuel Brown, Agent, Chicago, IL
Mon Mar 4, 2013
Kellita,

Congrats...

Interview with several brokerages. Remember you are new in Real Estate ask each brokerage how they help new brokers become successful brokers.

Best of Luck.
1 vote
Kenneth Baker, Agent, Chicago, IL
Fri Mar 1, 2013
Figure out the market that you may want to work in, find different offices in the area and contact the managing Brokers to set an appointment to meet. From there see who offers the best combination of training, commission splits and environment. High splits mean nothing if you aren't learning what it takes to be a successful Realtor. Finding a great mentor also helps. Best of luck with your new career!
1 vote
Joseph Roraff, Agent, Onalaska, WI
Fri Mar 1, 2013
Find out everyone's rates and hidden costs. These small monthly costs can add up. Make sure the company you use has a good reputation. Make sure you know everything they are going to offer you before you sign up.
1 vote
Erika Carter, Agent, Orland Park, IL
Fri Mar 1, 2013
Hi there! I would interview at least 3 different brokerages to see which one would fit best for you! I hope all goes well!
1 vote
Riccardo War…, Agent, Bolingbrook, IL
Fri Mar 1, 2013
Congratulations Kelita!

Give me a call! We would love to be your preferred mortgage pro's.

Sean Cochran
Quality Mortgage Lending
http://www.qmlending.com
630-470-6830 office
630-330-2229 cell
1 vote
Terri Vellios, Agent, Campbell, CA
Fri Mar 1, 2013
Kellita,

Welcome to world of real estate.

The best advice I can give you is to keep in mind that you are starting a business. You need to work it like a business. If you were going to open a restaurant, would you just go open the door and make sandwiches? Or would you buy into a proven franchise that is vested into your success? Interview offices to determine which Brokerage will get you up and running.

Getting started in the right is so important. Bad habits are hard to break. Keller Williams has excellent education and tools to get you in the right direction. And if they offer a mentor program, take it!.

Have an amazing career!
Web Reference:  http://www.terrivellios.com
1 vote
Chad Holland, Agent, OFallon, IL
Thu Feb 28, 2013
Finding an office with a good training program is very important. When your meeting with prospective brokers, I would ask what types of adverting the brokerage provides and what they pay for (ie. signs, office space, printing, advertising, etc.). Find a brokerage who will provide YOU with leads, preferably potential buyers. Listing clients are great, but when your starting out the best clients to have are buying clients. Make sure the brokerage is utilizing and paying for online advertising with companies like Trulia, who will generates buyer leads.

Additionally, no matter what agency you end up working for, you will need to learn the market asap. Make sure the brokerage can train you on how to complete an accurate Comparative Market Analysis (similar to an appraisal).
1 vote
Dan Tabit, Agent, Issaquah, WA
Thu Feb 28, 2013
Kelllita,
There is nothing like having a great mentor to get you started on the right track and to establish the best practices. As you consider different offices and franchises, the number one thing in my mind is to find a person who will take you under their wing to teach you the right way to go. Success is hard, but achievable; give yourself a good start with the best training you can find.
1 vote
Matt Laricy, Agent, Chicago, IL
Thu Feb 28, 2013
I would go to a bunch of different companies. See who offers you the best training, split, etc. See what office you are comfortable at. Do all the research you can.
1 vote
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