I am Interviewing Brokers

[Tycee Tyler]

I am in the process of finding a broker.  What are the most important questions recommended to ask brokers?  Thanks 

[Lynn McGeein]

Commission split and fees, any required office hours, mandatory meetings, mandatory seminars, mandatory broker open houses, do you have to join Realtor association, what training offered (in addition to normal free MLS training classes). Basically, what your costs in money and time will be if you join their firm. Do they provide any free marketing? Do they provide you any leads? If so, how often and how does it work? Figure out what is important to you. If it's training over commission splits, then look for that. For me, I wanted a broker that would let me be independent but still offered assistance if I required it, low fees, no mandatory hours, meetings, broker's opens, let me do my own continuing education on my own time, etc.

Also, importantly for investors, special commission splits on your own purchases/sales, or not? LLC ok, or not, if you have one. My broker allows 3 personal sales per year, unlimited purchases, but nothing involving any LLC that I have ownership interest in due to their insurance requirements.