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Updated almost 6 years ago on . Most recent reply

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Jack B.
  • Rental Property Investor
  • Seattle, WA
1,046
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1,888
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Got licensed-interviewing at a brokerage: what to ask and expect?

Jack B.
  • Rental Property Investor
  • Seattle, WA
Posted

So I passed my brokers exam and got finger printed. Have an interview lined up with the owner of a firm that I used to be a client of (I'm an investor, single family rentals).

What can I expect in the interview? I'm a tech guy, so I'm used to technical/management interviews. Will he ask me which form is used for X, Y and Z?

Also should I be prepared to discuss commissions? What is a good commission structure? I think they say each brokerage splits usually 50/50 depending on the listing agreement and the broker and their designated broker split usually 50/50 of that cut or whatever they agreed to.

My broker I used to use works here and she made the introduction, she's told me before what a great guy this guy is and that he only charges her desk fees, like $1,500 a month. She makes several hundred thousand dollars a year...so the desk fees beat a commission split. Except when you're starting out part time while keeping your flexible full time job.

So clue me in, lol. 

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