Tips for new Real Estate Agents
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So you passed your Real Estate Brokers Exam !! Now what to do next? |
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New brokers are often confused what is the next step? Which brokerage to choose and what questions to ask while interviewing the brokerage. |
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Typically any area will have several brokerages including some big franchise or local brokerage offices. |
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Which brokerage to choose will depend on type of facilities they provide. |
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Here are some tips: |
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Training: New agents have no idea how to proceed,how to generate leads or find clients. |
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For this reason,they need extensive training and good mentorship. Try to find out which brokerage in your area provides the best training to succeed. |
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Desk Fees,Transaction fees: Every brokerage charges some kind of fees ,it can be desk fee, a transaction fee or a royalty fee. |
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Commission Splits: Everyone wants to keep their hard earned money themselves.Find a brokerage which do a fair commission split like 80/20 or 70/30. |
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Some brokerage even do 90/10. |
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Every Brokerage also have some type of caps like $12000 or $15000 .After that Cap is fulfilled the agents can keep 100% of their comission. |
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Technological Support: Ask the brokerages what type of technological support and training they provide? |
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Signs,Business cards: When interviewing the brokerage you can also ask whether you will be provided with business cards,Signs without any charge. |
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Starting in Real Estate is like starting a new business. You need to invest some amount of money in order to start smoothly . |
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New agents also need a business paln of how they will proceed. |