After passing your State Exam, the next step is to find a broker. The process sounds daunting, but it is necessary to choose a broker that fits your expectations and needs. I have prepared some tips in no specific order to keep in mind when selecting a Real Estate Broker. 

Leads

In reality, you have to hustle and get most of your leads, but some companies may offer to give you leads. Although you will be getting most of your leads by yourself, you want to know if the Brokerage Firm provides training to obtain potential leads. 

Company Culture

When choosing a brokerage, the company culture is essential to ensure that your personality and mannerisms align well with the company. Sometimes people find it hard to adjust to specific environments, so I would suggest talking with people at the company or going to an open house event at the office to see how you like it. It is vital to know the people you will be around when starting your Real Estate Business.

Support

Support is a significant factor when choosing your broker. I know how scary it is for new real estate agents when they start, so having help from your broker is a big deal. You want to make sure there will be someone there to answer any questions you have and also be willing to help you out or point you in the right direction. It is very tough to be successful as a real estate agent if you do not have the support from colleagues, family, and friends. 

Mentorship

I can’t stress enough how vital it is when you first start as a  real estate agent. You want to be around someone who already knows the ropes. Some brokers have mentorship programs or even classes that you can take and ask questions. You can even find out the top real estate agents in your area and work under them.  

Niche

In real estate, there are two main routes that new agents can take, which is residential or commercial. Once you choose the direction you want to take, that will help narrow down your Broker choices. 

Office Fees and Expenses 

You need to know what you can afford for the first six months. Usually, you have to pay monthly office fees to the brokerage you decide. Some are more expensive than others but may also come with more services that may benefit you. You also have to pay starter fees to get access to your state’s or county’s listings, amongst other things. I would suggest having funds for at least six months of bills and expenses saved up so you can afford the starter costs.

Commission Split

Commission Split varies from different Real Estate brokers. Do not make your decision of the broker based on the commission splits. Usually, the higher the commission split, the less involved the Brokers are as far as mentorship. You need to make sure there is balance wherever you decide to go. 

Interview With Different Brokers

You have to remember your search to find a broker, that this is your business, and you are an independent contractor. You have to interview with different brokers. Check out this article on Some Questions to ask your potential broker.

I hope this helps you as you start your career as a real estate agent. You got this!!