Interviewing Brokers

[lewie3rd]

I am new and need to know what I should be looking for in a broker on an iterview. I have only interviewed with one so far, Coldwell Banker, and it seems like there are a lot of fees and splits etc.

What should I be looking for? I really dont know.

Thanks in advance!!

Lew

[kensmith]

I want to first say that CB is just about the most corporate broker you can go with. Some people like that, but just a fair warning.

You need to be looking for an office that can give you some really good training. Stuff that you need to get you started and then training to take it to the next level. You might pay a slightly higher split to find this, but your chances of making in the business will be much higher.

A new agent should expect to pay a higher split than a producing agent as they cost the office more than a producing agent and brings in much less. Don't be surprised to pay 40-50% or your commision for the first year or two.

[HMiller]

Training will be of the most importance to a new agent. Also, have them spell out their fees in detail before making a decision. Everything from training to advertising to desk fees and everything in between. They may make a big impression with a seemingly generous split, but if they kill you with fees is it all that generous? There's another thread somewhere in this forum that was started today that shows just how important a written independent contractor agreement is. If you're going with a larger franchised company, I'm sure they will offer it but if you go with a smaller independent company, make sure that they do put the agreement in writing. Good Luck.