Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityA popular online real estate community since 1998!


Advertisements


Sponsored Links
Advertisements
How To Advertise Here
How To Advertise Here

Sponsored Links
(Views)Popular Topics
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 28273452
No new orders today 13102001
Stupid MLS comments. 3276839
What do you know about Froy Candelario, top agent in USA 1189552
Stupid QC comments and BPO requirements. 1061276
New HUD Listing Brokers---Any Update? 1028287
Is there religious content in Buffini class? 822802
Let's talk about our cars 671112
Name that Flick. Great movie Lines. 602741
Pay it Forward - BPO/REO Tips & Tricks I & II 592489
Most common items found at an REO 576196
EML 459232
REOTRANS 440772
Main Street 419512
asset val seminar in colorado 407211
assist 2 sell or 1 percent realty? 340466
HOMONYMS - There, Their, and They're 306826
Evalonline 300191
Land America 285052
Mainstreet 261859
Matched Content
Page 9 of 10 < 1 2 ... 7 8 9 10 >
Topic Options
Rate This Topic
#431349 - 12/31/13 02:15 PM Re: What questions should I ask a broker? [Re: johnnyloans]
VABroker Offline
Veteran Member

Registered: 11/02/10
Posts: 1042
Loc: Virginia
laugh Toooo funny! I've seen a number of agents jumping around from one company to another. I always tell 'em, "same ol' [you fill in the blank], just a different name."


Edited by VABroker (12/31/13 02:16 PM)

Top
Advertisements
#434517 - 03/24/14 03:51 AM Re: What questions should I ask a broker? [Re: PA Roadkill]
KWCareers Offline
Member

Registered: 11/27/12
Posts: 94
Loc: Worldwide
The MOST important question that you have to ask a potential employing broker, is, 'Can you show me your training calendar?' What new real estate agents need to focus on, is where are they going to do the most business and where are they going to NET the most money. Last time I checked, 100% of $0...is still $0! Find a broker that cares about helping you build a real estate career worth having!

Top
#436715 - 06/11/14 02:09 PM Re: What questions should I ask a broker? [Re: TravisF]
SMOODY Offline
Junior Member

Registered: 06/11/14
Posts: 1
Loc: Las Vegas
Great Thread! This was exactly what I was looking for. Thank you all for your contributions. I feel very confident in screening brokers now. I have compiled a list of questions I felt were important to me. Most of which are from this thread. I recently passed my state exam here in Las Vegas, Nv. and will be interviewing brokers over the next week. Any advice is greatly appreciated.


[b]COMPANY[/b]

Can you give me a brief history of the Company?
What is different about your company from your competitors?
What do you think makes a successful agent?
Does the broker in charge also do transactions?
What is the his/her personal production?
How does she/he generate business?
How long has this office been open?
Is the company an independent operated franchise or a corporate franchise?
How many current active listings does this office have?
Can I prospect around them?
Are there any protected farms?
How many total transactions did this office do last year?
What type of market penetration numbers do you have?
How many agents are in this office?
What is the agent turnover rate?
Who is the most successful agent on staff?
What types of advertising does the firm do?
Can I do my own marketing?
Do you have a full time receptionist or agents doing phone duty?
Does the company provide leads?
How are leads distributed?
Do you pass leads to other agents on my listings?
Do you charge any fees above the typical split for these leads? Even if capped?
Who is your preferred lender?
Who is your preferred title company?
Who is your prefered home inspector?
Can agents take their clients and listings with them if they leave?
Do you require mandatory in office time, meetings, floor time, opportunity time, etc.?
Do you have broker opens/caravans?
Do you have a profit sharing program with agents?
What are the specific policies on desk arrangements?
Can I hire a personal assistant?
Do you provide a listing kit?
May I have a copy of the office manual and Independent Contractor Agreement?


[b]Training[/b]

Tell me about your training philosophy?
Do you have a new agent training program?
Mentoring?
Cost of mentoring ?
Who chooses mentor?
Costs of training, books, manuals, classes, in office?
What kind of training ( CMA, Contracts, Disclosures, marketing, ,lending, prospecting etc.)?
Formal Training Schedule? May I have a copy?
Broker Support, is the broker available for consultation?


[b]Branding/Marketing[/b]

Can I brand myself and have my brand be portable?

Can I have a custom website, flyers, business cards without contact information for the office? If office contact is there, can mine be in superior font, size, and position?

Who’s phone number goes on the signs for your listings? Yours, the office, both?

If a call comes in from the sign at my listing to the office, do I get the lead by default?

Can I acquire Builder accounts on my own? If not, how are they handled and at what cost?

Can I acquire Relocation accounts on my own? If not, how are they handled and at what cost?

If our relationship was not successful, who owns the rights to my listings?

Who owns my database of customers with whom I have done business? What if they are office leads?



[b]Technology[/b]

CRM software?
Lead generation?
Auto drip market reports?
DNC scrubbed Phone Prospecting lists



[b]Compensation[/b]

Commission Split?
Commission cap?
Franchise fees?
Transaction fees?
Desk Fees?
Referral splits?
BPO splits?
What is the policy and cost if I buy or sell real estate personally?
What is the office procedure for getting paid on a closing?
Are agents in the office on different plans? Explain them?
What is the initial and ongoing cost of my affiliation with the company?
Do you provide property management services?
What commission is charged to investor/owner of rental?
What is the split?
Any other PM fees?

Who pays for:
Photocopies
Business cards
Office supplies like binders, envelopes, etc.
Signs and riders
Lockboxes
Continuing Education
IDX
MLS
E & O
Website


Edited by SMOODY (06/11/14 02:12 PM)

Top
#436727 - 06/12/14 12:59 AM Re: What questions should I ask a broker? [Re: TravisF]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7720
Loc: Vermont's North-East Kingdom
With that many questions on your list, you may have to send the Questionnaire out in advance . . . . and then see if any of them still want to interview you.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

Top
#438106 - 08/06/14 03:31 PM Re: What questions should I ask a broker? [Re: SMOODY]
Betty.Set.Go Offline
Junior Member

Registered: 08/06/14
Posts: 1
Loc: NC
Thanks for the list SMOODY! I cut & pasted it as a starting point to create my own abridged version :) for my initial meetings.

Top
#438927 - 09/09/14 03:10 AM Re: What questions should I ask a broker? [Re: TravisF]
KWCareers Offline
Member

Registered: 11/27/12
Posts: 94
Loc: Worldwide
Can I see your training calendar and who is teaching the classes??

Top
#441541 - 12/10/14 07:57 AM Re: What questions should I ask a broker? [Re: nwrealtor]
AndreaSellsMore Offline
Junior Member

Registered: 12/10/14
Posts: 1
Loc: Maryland
Really great list! Thanks!

Top
#441716 - 12/18/14 12:25 PM Re: What questions should I ask a broker? [Re: AndreaSellsMore]
Thunderstruck Offline
Member

Registered: 05/17/10
Posts: 250
Loc: Townsville, Australia
What question should I ask a broker?

Can I get free training?

Read VABroker's comment, they are right!

To you or me we are just a number in their system.

KW why are you on this forum? If you can use this forum to fish for agents why don't we let every brokerage give their spill too?

I mean isn't KW able to do it's thing without you coming on this forum?

If you notice there is so much FREE real estate training in this forum and on the Net, it is crazy to pay for it. What is needed is ACTION ... and you either got action or you don't.

O ... by the way, is ALL the training at KW Free??? I don't think so.

The ONLY thing that matters to a brokerage is themselves and their cut.

Ask yourself this question, will the brokerage stand with me in hard times? Sure they are gonna be with you during good times, that is a given. But what about tough times? Something to think about.

Top
#445759 - 05/29/15 02:50 PM Re: What questions should I ask a broker? [Re: TravisF]
MarioJann Offline
Member

Registered: 05/15/11
Posts: 52
Loc: Louisville, Colorado
A lot of great answers so far.

I would focus on what type of training and mentoring they offer in your first year. Very important.

Thanks--Mario
_________________________
Realtor with RE/MAX Alliance in Louisville, Colorado

Author of the top selling book: "The Honest Real Estate Agent: A Training Guide For a Successful First Year and Beyond as a Real Estate Agent"

Check out my podcast on iTunes for new and aspiring Realtors: The Honest Real Estate Agent

Top
#446515 - 07/18/15 02:46 PM Re: What questions should I ask a broker? [Re: TravisF]
VancouveRealtor Offline
Member

Registered: 07/18/15
Posts: 35
Loc: Vancouver, BC, Canada
In your first year, you’ll need a lot of support from your managing broker. Make sure they will be able to dedicate you the time of the day!
Be ruthless in asking all the questions you want. After all, you will be paying a substantial amount of money for the service and it is only wise to shop around!
_________________________
Eugene Erchov
Vancouver BC Canada
www.eugeneerchov.com

Top
#448139 - 10/07/15 12:58 AM Re: What questions should I ask a broker? [Re: estatereal]
James Warren Offline
Member

Registered: 09/14/15
Posts: 43
Loc: Shanghai, China
Yes, this is what I call long term thinking. Working for a brokerage is one thing, but once you leave, take along with you which is worth most. That is all the time and effort you invested in your previous venture. Creating a website and personalizing your business is key.

If you dont own your business you still own yourself. So you need to market yourself as if you were your business.
_________________________
PartnerGo is an online B2B real estate referral network that serves as a platform to match and connect real estate buyer and seller agents as well as real estate developers around the globe. Learn More at: http://www.partnersss.com/

Top
#448602 - 11/02/15 01:49 AM Re: What questions should I ask a broker? [Re: TravisF]
Newbie2015 Offline
Junior Member

Registered: 10/29/15
Posts: 9
Loc: Indiana
How many questions is appropriate when interviewing a broker?

Top
#448740 - 11/08/15 05:35 AM Re: What questions should I ask a broker? [Re: TravisF]
John_Myers Offline
Member

Registered: 08/09/12
Posts: 43
Loc: NM, USA
Commission splits and is there a cap on the commissions

What type of training do they provide. Generating leads is the most important issue for real estate agents. You need to understand the laws, practices, and procedures. No leads, no business, no commission.

Understand all of the fees you will be required to pay.
_________________________
Myers & Myers Real Estate






Top
#450702 - 02/21/16 11:37 AM Re: What questions should I ask a broker? [Re: nwrealtor]
Jon Roussel Offline
Junior Member

Registered: 02/21/16
Posts: 1
Loc: Brooklyn, NY
Excellent list. Having an experienced mentor to work with is a great idea.

Top
#452702 - 05/23/16 03:40 PM Re: What questions should I ask a broker? [Re: TravisF]
louiefrias Offline
Member

Registered: 05/23/16
Posts: 24
Loc: Las Vegas/OC
Ask us HOW we see ourselves participating in YOUR success.

Top
Page 9 of 10 < 1 2 ... 7 8 9 10 >






Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Newest Members
pam.cylinder, HR VerdeMFS, PMacpherson, Non GMO CRE, Reguru1
29799 Registered Users
Who's Online
1 registered (pam.cylinder), 40 Guests and 4 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Long Walk 68
Vermont 35
estatereal 15
Snapple 12
Logan Five 11
Trouble 11
waka 9
Analog Man 9
TheTexasGal 8
Lucky Leonardo 8
Flammable 8
Bigtoe 5
HOT-TUB 5
AbbasM 5
Flare616 5
Featured Member
Registered: 02/14/16
Posts: 278
Facebook

How To Advertise Here


This site presented by RNC Internet Services