17 Key Questions Real Estate Agents Need to Ask Before Joining a New Brokerage - AgentFire

Abstract

How do you define what "Best" means? Is it awesome admin assistance? The commission split that lets you keep the most cash in your pocket? No matter what you're looking for, there are a few key questions that all real estate agents should ask before jumping into their new real estate brokerage. What Do the Team Structure and Company Culture Look Like? Pay attention to how the director of the brokerage operates and describes the brokerage culture; is it top-down, meaning that the team leader guides the entire realty team, or is it bottom-up, meaning that there is more of a collaborative approach based on uniting and supporting each team member? Be attentive to how agents and leaders interact with each other and how they describe their day-to-day experiences within the brokerage. In some brokerages, a new real estate agent is placed in pre-established training programs, while in other firms, it is the agent's responsibility to find a mentor. After you have contributed a set amount of funds to your brokerage through commission, your brokerage will no longer collect a cut from your earnings until the following year. How Big is the Real Estate Office? Is it Corporate or Boutique? The size of the brokerage does not always correlate to its success or skill - however, it can tell you what to expect as an agent there. Even with a flourishing network, your real estate brokerage should aid in generating leads for its agents. What Does their Online Marketing Plan Look Like? To start, is the brokerage's marketing managed in-house? By a marketing agency? Individually depending on the agent? It's unquestionably crucial that your real estate brokerage uses an intentional online marketing strategy.