How do I choose a brokerage?
How do I choose a brokerage?
This is the #1 question asked by new agents. Getting someone else's opinion or taking a list of questions to your interview is helpful, but what you really need to know is which brokerage is right for you. And that means what type of brokerage will help you grow a business that you love and sustains you.
This is the #1 question asked by new agents. Getting someone else's opinion or taking a list of questions to your interview is helpful, but what you really need to know is which brokerage is right for you. And that means what type of brokerage will help you grow a business that you love and sustains you.
Which brokerage is right for YOU?
The problem when you're a new agent is you don't know what you don't know, right? So let's start with what you do know... YOU. Answer the following questions to get a better idea of what type of brokerage will suit your personal style.
When I don’t know the answer to a question or how to do something I am mostly likely to handle it by:
Which environment best suits your work style?
How do you feel about fees and commission splits?
The Leader
The Leader
The Leader : you have goals and the determination to achieve them. You’ll likely end up with your own company or managing a team. You know how to ask for help but don’t want someone looking over your shoulder.
You Need: The freedom to be your own brand. Expert advice available right when you need it. A leader board or reward system to keep you competitive.
Consider: starting out at a larger corporate firm to learn about the business from the inside
The Team Player
The Team Player
The Team Player : everything is more fun in a group right? You enjoy having colleagues around to run ideas by or to high-five when one of you closes a deal. Everyone knows you’ve got their back and they go out of their way to help you succeed.
You need: an office you can work from, group training, opportunities to help other agents like open house sign ups or a virtual message board.
Consider: joining a medium-sized local brokerage with a fresh vibe
The Detail Master
The Detail Master
The Detail Master : you want to know about every step of a transaction before you do a deal, you are ready to streamline and optimize procedures, your clients will barely have to ask questions because you’ll have anticipated what they need to know.
You need: an office with systems in place ie checklists or automated procedures, time-saving apps and software, well organized training and support, a mentor to observe and learn from
Consider: a tech-focused brokerage or joining a team.
The Independent
The Independent
You are self-motivated and take your responsibility toward your clients seriously. You are likely to learn everything you can from your brokerage and when you feel confident, step out on your own.
You need: practical support like a transaction coordinator to keep track of deadlines, access to legal and contracts advice, opportunity to network with successful agents who inspire you.
Consider: an independent or online brokerage that is more hand off but provides practical support
Do you worry about where your first - or next - client is coming from? Would you like to feel confident that you'll always have a steady stream of clients? I remember how stressful it was starting out as a new agent, not even knowing where to get the help I needed. Even if you don't have your license yet, it is never to soon to get started. Visit our website to learn more about being a Rock Star Real Estate Agent.