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20 Questions to Ask When Choosing a Real Estate Broker

20 Questions to Ask When Choosing a Real Estate Broker

Choosing a Real Estate Broker to Work For :: Advice for Newly Licensed Agents The first step to your successful career in real estate is choosing the right real estate broker to work for… and knowing what questions to ask. There are wide differences among real estate brokerages, both in what they will offer you as well as the commission splits, expectations and culture. Many new real estate agents base their decision on the best commission split and that usually isn’t the best route, especially when you are new to the industry. We highly recommend that you meet with at least three different brokerages — and do your research on each one beforehand (see Researching the Best Real Estate Brokers). Once you find the three (or four) that look the most appealing to you, schedule time to meet and ask the following questions: FINANCIAL 1) What are your commission splits? (i.e. does the broker get 40% and you take 60% of the commission earned) 2) Are there any franchise fees? Many large real estate brokerages charge a 3% to 8% “franchise fee” on top of the commission split above, so using the example above, the broker would receive 40%, the franchise fee would be 5% and you would receive 55%). 3) Do you offer a commission cap? A commission cap is the maximum amount of commission that the brokerage will keep each year. For example, if the “cap” is $20,000 and you generate $200,000 in gross commission, you will net $180,000. If an agent cap is NOT offered and you are on a 60 / 40 commission split, then $80,000 would go to the broker and you would...
Your First Month as a Real Estate Agent

Your First Month as a Real Estate Agent

30 Things to Do in Your First Month as a Real Estate Agent Are you a newly licensed real estate agent?  If you’re fresh out of real estate school, you are probably thrilled that you passed the test and found a great broker…. but have no idea what to do next!   Real estate schools do not prepare you for what it takes to become a successful REALTOR, so your first month as a real estate agent is often overwhelming.  Below you will find tips to help you put a plan in place, so you have all the tools, knowledge and confidence needed to get launch a successful new career in real estate!   Get Organized 1)  Order business cards – a basic card is fine in the beginning, you can always order more later with your website and branding 2)  Purchase your eKey to order to access  and show houses 3)  Get a professional headshot  4)  Write a quick bio – even though you don’t have any experience (yet), share your background, values and let readers know why they would benefit and enjoy working with you 5)  Gather names, addresses and emails of everyone you know (this is your new database or sphere of influence)   Let People Know About Your New Real Estate Career 6)  Create a short letter and mail to your database to let them know that you’re now in real estate, loving it and are here to assist them – and anyone they know 7)  Create a MailChimp.com eNewsletter account (it’s free!) and then add all the names and emails from your new database so that you can send them...
Beginner’s Guide to Real Estate

Beginner’s Guide to Real Estate

Did you just get your real estate license?   Not sure what to do first?   Feeling overwhelmed? No worries, we have it covered!  Throughout the Building Better Agents website you will find resources, tips and information that will help you formulate a plan and avoid some of the common pitfalls many new real estate agents experience. The first thing we would like to share with you is a FANTASTIC “Beginner’s Guide to Real Estate” created by our friends at Placester.  Enjoy! 2014 Beginner’s Guide to Being a Real Estate Agent [ebook] from...
eXp Realty Named Among Top Workplaces by Atlanta Journal-Constitution

eXp Realty Named Among Top Workplaces by Atlanta Journal-Constitution

We are so thrilled to announce that our company, eXp Realty was just named the top 150 places to work in Atlanta by the Atlanta Journal-Constitution, ranking #25 in the small business category. The nominees and rankings were determined by feedback from the eXp Realty agents in the Metro Atlanta office and it feels great to know that all the agents in the company are as pleased as I am with our real estate brokerage! Learn more about the agent benefits and tools offered by EXP Realty >> . Here’s the full press release, published by Marketwired on March 24, 2015: Agent-Owned Brokerage Grows in Atlanta Region by More Than 300% in 18 Months ATLANTA, GA, Mar 24, 2015 (Marketwired via COMTEX) — eXp Realty International Corporation (otcqb:EXPI), the Agent-Owned Cloud Brokerage, today announced that subsidiary eXp Realty, LLC has been named among the top 150 places to work in Atlanta by the Atlanta Journal-Constitution. “This is a tremendous honor for me and for each of the agents and brokers who are on our team,” said eXp Realty Georgia Managing Broker, Ian Marshall. “Our initial group of 19 agents joined eXp Realty in October of 2013 and today, less than 18 months later, we’ve extended our family and are approaching 100 agents,” said Marshall. “To be able to provide an opportunity for so many to increase and build their businesses and improve their lives is incredibly rewarding and exciting.” The Top Workplaces in Atlanta are determined based solely on the feedback of employees or, in the case of eXp Realty, independent contractors. The survey was conducted by the Atlanta Journal-Constitution...
Top Atlanta Real Estate Schools

Top Atlanta Real Estate Schools

Thinking about getting your real estate license?  Excellent idea! The Atlanta real estate market is very strong and many people who get their real estate license have homes under contract within the first month or two.  If you are researching top Atlanta real estate schools online, there are quite a few, so we wanted to help you narrow down the list with only the most popular.   Georgia Real Estate School (Georgia MLS) Both online and in person Salesperson Pre-license classes   Barney Fletcher Real Estate Schools Both online and class-based pre-license classes for real estate   Georgia Institute of Real Estate Training (GIRE) Offers both online and in person real estate courses   Career Web School Online real estate license courses only   There are quite a few real estate schools in Metro Atlanta, but before signing up for your class, make sure that the school is approved by the Georgia Real Estate Commission.   Also, a few things to consider…. the online pre-license real estate courses are great for those who have busy schedules and want the convenience of doing it at home.  If you do take the online version, make sure you sign up for an in-person weekend cram course before taking the Georgia state real estate exam.   We’ve received lots of great feedback from the Barney Fletcher School’s cram course — they offer lots of test taking tips, sample tests and usually have some of the best real estate instructors walking you through the most important topics that are included on the Georgia real estate exam.   . ::::::::::: Getting your real estate license...
Real Estate Commissions by State

Real Estate Commissions by State

Thinking about getting your real estate license? Below are all the US real estate commissions, where you will find instructions for to obtain a real estate license, training and other state licensing requirements: AlabamaAlaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas KentuckyLouisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North DakotaOhio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin...
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