New Agent Interviewing Brokers

[George Adkins]

Hi everyone!

After a 3 month delay, due to state shutdown because of Covid-19 and my exam being cancelled, I can finally say that I am a licensed Real Estate Agent in California! Woohoo!! It feels so unreal! 

I am currently setting up meetings with brokerages here along the Peninsula in the Bay Area, CA starting this week. Question for you all, what are some things that I should be asking brokers and looking out for in these meetings? 

Can't wait to get started! 

[Catherine Emert]

Great question and CONGRATS on your license. As a brokerage owner here are a few things that I look to be asked in any interview;

1. How much one-on-one learning is there?

2. Is there opportunity for education through the brokerage?

3. How many brokers do you currently manage?

4. Is there an admin for listing/transaction management?

5. Are there any desk fees or monthly fees and if so what are they and what do they cover?

6. Is there an opportunity for leads?

7. What is my commission split? What is my commission split on my own deals? Is there a cap on my commission for the year? If yes, is the year fiscal or hire date?

8. Can I review a sample contractor's agreement?

These are just the start of what I look for but these are the key ones. If they don't ask these then I really don't feel they understand the real estate industry enough to be in our tiny brokerage.