Before you go out and look for re assistant job you should first go and interview a few of your local brokerages and see what they offer in terms of training and leads. Leads is going to probably be your biggest issue as a new agent unless you have a good SOI already. I wouldn't worry about splits until you start closing deals consistently.
I'm biased (like most agents) but you should look into http://www.nrtpoweredbyzip.com/... more
In my opinion the best trainings come in the form of real estate designations that should begin with the GRI. One of the benefits of these in depth training programs is that you gain knowledge, earn a designation, and it is something that can be accomplished on you own schedule.
Another often overlooked educational piece is the role that websites like trulia and Zillow play. There is no doubt in my mind that agents that frequent these sites and follow as well as contribute to, don't gain important knowledge from their effort.
It sounds like the short sale negotiator is going to have to take it up a notch with the second lien holder. The first needs to approve the short sale and they may not approve the change in commission. The second wants that extra 1% of the purchase price. But, what happens if the first does not want the second to get that 1%? At this point, I would escalate to the president's office at the second lien holder. Good luck.... more
Hands down, the one tool that changed the way "tech savy" agents do business. It allows you to go truly paperless. It's difficult for a lot of agents who have been using programs that are not optimized for the Pad. If you are willing to relearn a few things it's an invaluable tool.... more
Sorry to hear about your circumstances as I can completely relate.... Had this happen myself recently. I had several deals in escrow and a couple that were not yet in escrow but written up with that brokerage. In order to close and still get paid, all escrows demanded a "letter of release" from the "closing" Broker on all claims. We were given 3 days notice - just showed up and there was a "note" on the door.... I got all of them except one deal released as it was closing within a couple days. I've yet to get paid on that deal. Since you're not IN escrow yet, it hopefully won't be as complicated but you will still have to get a release as far as escrow is concerned. I can go into further detail if you want to contact me.
Main thing though is to make sure to inform your clients/all parties as you will at least need to do an Amendment to the contracts. Keep in mind that even though they (broker) are closing the doors.... they may still want to retain as many commissions as possible as they still have debt to pay. Also as another agent mentioned below, if your broker is continuing to hold their license you may be able to complete everything through them.
You definitely can call CAR if necessary. I should have called CAR but I just decided to walk and let it be for reasons I can share if you contact me. Good luck to you Chris!