First Time Real Estate Agent

[Tony Iwen]

Hello Everyone,

I am meeting with my first brokerage firm tomorrow. What are some things I should know before going in? What are questions I should ask? What are some things I should bring? 

[Maijia Donovan]

@Tony Iwen Here are top questions I would ask during your broker interview that I found was very helpful on figuring out which brokerage will become your partner in your real estate business.  Let me know if this helps!:

20 Questions to Ask When Interviewing Brokerages

1. Does the brokerage allow both full & part time agents?
2. What type of training do you offer new & experienced agents?
3. Is the training in person, virtually, or available on demand?
4. What mentorship opportunities do you provide new agents? Is there a fee for this mentorship program?
5. Do I have access to the managing broker for support and at what times? Who do I speak with when I have contract questions?
6. How many full & part time agents are in the brokerage?
7. Do you offer team meetings, masterminds, lunch & learns, etc? If so, how often & when?
8. Where is the office located? Can I get a tour of the office?
9. Do I have any obligations to the brokerage? Is desk or phone duty required for agents?
10. What is the culture of the brokerage like?
11. How are agents who are successful recognized?
12. What platforms & technologies does your brokerage offer?
13. What lead generations tools will be available to use? Do you provide leads to your agents?
14. Do you have any restrictions on personal branding?
15. What are your brokerage & franchise fees?
16. What are your commission splits & cap?
17. Are there any other expenses you should know about?
18. How are transactions processed?
19. Are there any additional benefits you offer your agents, such as revenue or profit share, stocks, insurance, etc?
20. How does your brokerage set you apart from other brokerages?