How do I know if I’m with the right broker for a beginner?

[Nick Ziegelmann]

Once I pass my State exam, how do I know what broker to go to?

[Patricia Steiner]

As soon as you pass the exam, you'll start receiving solicitations from firms.  While it appears flattering, don't ever forget that YOU PAY THEM. As soon as you realize that you are their income stream, you can then start to better position yourself and what you will expect in exchange for paying fees and splits. You will be paying fees even if you never bring in a single deal...get an ROI. Flattery doesn't pay your fees or bills.

Consider:

Making a list of what you expect from a broker/firm.  It's important to know that once you pass the real estate exam, you'll be absolutely prepared for NOTHING. The course and test prepare you for knowing a whole lot of useless information so unless you have a background in real estate, financing, banking, insurance - you'll want to be with a firm that provides a lot of education.  

Identifying those firms within your preferred market.  If you want to cater to a certain population - say military - go with a firm that specializes in whatever you prefer.  And, unless you are coming in with a portfolio, know that all the other realtors in that office are your competitors.  

Desk Duty/Referrals.  Some firms will assign an agent for specific hours in case a client randomly walks in off the street.  In exchange, that client is given to that agent.  Your broker will also get calls from prospects and out-of-market brokers; learn how those are assigned.  Which brings you to:

Get a Broker who does not have a book of business.  You want your Broker to have your back - not be yet another competitor.  And, if someone wants to mentor/partner/have you join their team - just know that they get a cut of your commissions.  It's a business where everyone's hands are in your pocket!  Fun, huh?

There's a lot more to this but bottom line:  it's a business decision.  Go into it as such and know that you can change firms if needed - with some re-branding required (never fun).  

Best...