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cjscma, Other/Just Looking in Chicago, IL

what is it like to be a new realtor? What are the best Brokers/Sponsors to work for?

Asked by cjscma, Chicago, IL Wed Aug 1, 2012

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It can be pretty overwhelming, but in a city like Chicago, it's a hell of a lot of fun to learn the ropes. You should find a brokerage that will support and guide you through the first few months. If you know any Realtors that you admire, try and shadow them and pick their brains. As long as you work hard and you are honest and caring, you should be successful. Also, learn how to deal with rejection -- sometimes you will give the world to a client and they will suddenly drop off the map...don't get frustrated because most serious clients will be very appreciative of the hard work you do. Good luck!
2 votes Thank Flag Link Wed Aug 1, 2012
Thank you and everyone else that replied, for your in put. It is overwhelming.
I have a mortgage background, I just don't want to end up working in a pool of sharks, I do not want to get chewed up and spit out. My philosphy is the same as yours, I want to work in a warm caring environment, where we are all a team, there are people there to offer mentoring, . I am still taking the online pre license course so I have some time to figure this out. The mortgage business as all of America now knows, at least in the past , never had the client's interest in mind. It was all about money. Yes, I want to improve my financial status and be successfull, but I want to work for a brokerage that believes in honesty, integrity, giving back to the community and then I know the money will follow. I know this will not be easy, and as you said there will be rejection, but I understand, for every 50 "no's" somewhere is a "yes"!
Thank you!
Flag Wed Aug 1, 2012
Go someplace where you can learn. The $$$ will come later (hopefully).
1 vote Thank Flag Link Wed Aug 1, 2012
Hi there

I totally agree with Matt, team up with a top producer offer to work as their assistant until you learn the business yourself. The split/payment is negotiable, ask what they are willing to pay, start there.

Or you can join one of the bigger brokers that has a training department and learn that way, that said there is no better experience than hands on.

Good luck!
1 vote Thank Flag Link Wed Aug 1, 2012
Don't expect every lead that calls you to automatically buy a home! You must have a consultation with your clients beforehand to pre-qualify them to see if they have realistic expectations and can actually afford to buy. Plus, have your own personal reserves in order for the first year because you will probably have gaps in when you get paid. Consistency and training is very important in real estate.

Here at EXIT Realty, you usually get sponsored by an agent that brought you in. They will help you with any questions you have about a deal or the business in general. You can also set up one on one meetings with the managing broker.

Plus we have NO desk fees, competitive splits, and residual income, which can allow you to make over 100% of your commission. We also have great support for our agents through FREE monthly short sale seminars, webinars/techinars, and other business building events. Finally, our marketing tools will make you stand out against your competitors.

Check out these links below and contact me directly for any questions: andy@yourmovenow.com / 312-566-7355

EXIT splits & residual income: http://exitrealty.com/Take10.aspx
EXIT digital marketing strategy: http://exitrealty.com/DMS/
1 vote Thank Flag Link Wed Aug 1, 2012
I agree, being a new REALTOR can be overwhelming; therefore, the first thing you want to do is select a mentor to guide you, but ensure you pick someone who is not ever too busy for you.

Additionally, formulate your business plan, which will include your goals and daily activities; and lead generate, lead generate, lead generate! Lastly, alwways look for ways to constantly improve yourself and the way you run YOUR business.
0 votes Thank Flag Link Wed Aug 1, 2012
It's all very exciting, a little overwhelming at times, and A LOT of hard work!

I don't know anything about your background, what you have studied aside from getting your Real Estate license. Send your resumes to a few different brokerages. You want to be comfortable with your managing broker, the team around you, and your entire brokerage.

Find somebody experienced to mentor under, and learn from them. Within the first few hours of rookie orientation, you'll find that you really didn't learn anything about being a Realtor from the licensing classes. Take lots of training, and learn everything you can. Get a couple designations, and you'll be ahead of the pack.
0 votes Thank Flag Link Wed Aug 1, 2012
Keller Williams has an very intensive training calendar. They offer mentorships and so much more. In fact in addition to the Broker of Record there is a Team Leader. It is his job to assist the agents in achieving their goals.

Interview several offices. Each office has it's own culture. As a new agent do you want to be around just new agents or a mix of seasoned and new agents.

Also, as a new agent don't focus as much on the "split" you are doing well by asking this question. Get the training you need to be successful.

Have an Amazing Career!

Terri Vellios
Web Reference: http://www.terrivellios.com
0 votes Thank Flag Link Wed Aug 1, 2012
Terri,
From a Realtor who has never worked under the KW umbrella I would agree.I have read about and heard about KW from their agents and their support really seems to be consistent.
Flag Wed Aug 1, 2012
scary, overwhelming, confusing, exciting. lol. You dont know too much typically when you start. Go join a company that can teach you the basics. Go try to team up with a top producer. Study them, hear how they speak, hold open houses, etc.
0 votes Thank Flag Link Wed Aug 1, 2012
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