I'm about to get my real estate license, can anyone recomend a good broker for a beginner to work for?

Answer 1

Here is an idea of what some of the real estate companies offer their new agents. I suggest you go to several different brokers and interview them. You want a broker to be there for you and help you when needed. Ask each broker exactly what fees you are required to pay, how much is your E & O insurance and if they require "floor time" from you.

Realty Executives - Doesn't help new agents, requires you to think on your feet, hit the floor running.

Re/Max - Wants you to hit the floor running, gives you floor time, and some offices have an office manager to work with you when you have questions.

Tarbell Realtors - Has program for new agents, promises your first transaction in 30 days, puts you with a seasoned agent, usually share desk with other agents, gives you floor time.

Century 21 - Has program for new agents, work closely with trainer and helps you get started.

Coldwell Banker - requires a lot of knowledge before starting with them, some offices train but the majority expects you to hit the floor running.

Keller Williams - Has program for new agents,broker or office manager works with you when you have questions

Fees include desk, phone,internet,copies,use of transaction coordinator,in house lender,title and escrow. Each item mentioned above is charged separately.

All the above real estate companies you see have different options on how the Brokers work and what they have to offer.

Boutique real estate offices (non brand) are usually an agent who just got their Broker's license and decide to open their own company.

If you have more questions you can email me.

Answer 2

The second poster is talking about Exit Realty.

Mike (poster #3) doesn't hold the Real Estate profession or brokers in high regard. He takes every opportunity to call us untrained and unnecessary.

Poster #4 obviously knows a little something about everyone, most of it looks accurate to me.

This is my two cents:

You want to work with a brokerage with a strong percentage of volume in your market. But some of this may come from being a body farm, where the brokerage just has a ton of agents working for them, and you become one of the herd.

Whittle your list of potentials down to a few, those with strong market share (you see alot of their signs around town). I prefer a franchise, but that is my personal preference. Go to the office and talk to the recruiter or principal broker. Have a list of questions.

You will want to know about (and who pays for it):

Commission splits and what kind of production you have to maintain to get a better split, training, E&O, signs, advertising, letterhead, business cards, postage, desk fees, franchise fees, transaction fees, website fees, virtual tour fees, if insurance is available. Ask about everything that is going to cost you money.

Once you have a basis to compare apples to apples, get a feel for the office. Some are highly charged, competitive environments where someone would trip their grandma to get to a client first. Others are very laid back, people bring in the kids, you'll see a dog trotting through, people bring in snacks for everyone - very friendly and team oriented. Then there is everything in between.

You have to know yourself and in what type of office you will thrive. Most offices are independantly owned and operated, so they run differently. And it won't matter whose name is on the door if the environment doesn't suit your personality, you will be miserable in short order.

Some people will tell you it doesn't matter where you start because you can change offices on a moments notice, and that is true. But every office change will cost you money and clients - and if you office hop too much, it will throw up a red flag for other brokerages.

Good luck to you!

Answer 3

Instead of starting in real estate, I recommend that you contact The Appraisal Institute and take all of their training classes and go to work for an appraisal firm that is owned by a Member of The Appraisal Institute.

One of the most important things that you need to know if you are serious about a career in real estate is how to determine the fair market value of a piece of property.

Real esate agents and Realtors are not trained sufficiently how to determine the fair market value of a piece of property. I have yet to meet a real estate agent or REALTOR who knows how to determine the fair market value of a piece of property.

I recommend that you go to the web site for The Appraisal Institute, that is www.appraisalinstitute.org.

If you will do this, you will have a solid foundation for a lifetime career in real estate.

Answer 4

Please call me, I have the best company ever to work, they are going to bigger than REmax and Keller Williams......They are the only company that offers a retirement plan for Realtor. I am a real estate investor, loan officer and I have a real estate investment and consulting business. I have been in and around sales and finance since 1996. I said that I would never do traditional real estate but, this companies concepts and vision has changed my mind. They have all the tools, technology that you will ever need........Oh, and most important training and years of experience from Remax, Century 21, Keller Williams agents are leaving to join them. I swear I have never seen such momemtum and they are just breaking ground in TX........Don't join any company until you have listen to what they have to offer and I will personally help you anyway I can!
Call me,
Tammy Childress
936-855-2388

Answer 5

If they are in your area go to Crye Leike Realty. They are huge in the mid south. Arkansas,Tennessee,Georgia, Kentucky,Florida

Answer 6

like where are u that would help, go with nation wide broker, couldwell banker, century 21, etc.