Picking a broker.

[Nathan Thompson]

Hey all,

I've decided to take on the task of becoming an agent, so I want to get a jump start on things now so I'm prepared later. I've looked into this on some online forums, but wanted to get some personal insights and experiences for the question of; how you go about choosing a broker? For me, good training and possible mentorship from an agent that invests is ideal. I'm going to be in the Des Moines area and have taken an interest in the Keller Williams office stationed there, as I've heard that there are many investors involved with the organization. 

Any thoughts?

Thank you for your time,

-Nathan

[Jeff Brower]

I am almost in the same situation but just a little further along. I finished my classes in may. Everyone says interview at least 2-3 places before deciding. I interviewed with KW last month and a smaller, higher commission local brokerage on Friday. For me, since I mainly wanted my license to do my own thing, it was less about mentorship and more about splits and fees. Good points to ask about:

E&O insurance

desk fees

required floor time

lead generation

personal deals (what is the charge if doing your own deal personal or investment)

training/teams

commission splits

office costs (copies, cards, signs)

in house insurance/title company/ building inspector/ appraiser (easier if they have this)

annual fees

online tool access (dotloop, etc)

Good luck!