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Updated almost 9 years ago,
Help choosing brokerage and misc. questions
Peace. My name is Mike and I passed the NY RE Salesperson exam about 9 days ago. WOO-HOOO!! I screamed in excitement as I have always wanted to be in real estate since a teenager. Now I am visiting different brokerages and trying to find the best fit for me. I don't care if the brokerage in small or large but I just want to have some type of training or guidance when I first start although I have learned so much through this website. I have two brokerages I want to visit tomorrow.
But I wanted your opinion on the two in which i will not disclose due to bias.
Option 1- Large business, Will pay for business cards/name badges, have a mentor-ship through the first 3 deals (giving the mentor 25% commission), no desk fee and 55% comm split w/6% franchise fee, roughly $900 to start (MLS and E&O Ins) .. BROKER WILL CHECK OUT BP!
Option 2 - Small business almost mom and pop (not sure how much business they get), Will pay for business cards, no mentor-ship but seems very helpful through all deals, 50% comm split w/o franchise fee, roughly $900 to start too .. Broker kinda snobbish.
Misc questions
1. I grew up and live in White Plains, should I work there and consider location over everything?
2. Is it better to work with a huge business or small business?
3. When you first started what was your first transaction like?