A real estate brokerage is the agency or office from which real estate agents and brokers work. Since working with a broker is a requirement in order to practice as a real estate agent, you will need to contact a broker before graduating from your training course. Brokers have at least three years additional real estate training, and can guide you through questions you have when it comes to working in the field, as well as listing and selling homes.
When you look for a broker, think about the size of the brokerage, its reputation and additional training offered. Check broker reputations by reading online comments, asking friends and neighbors who they’ve had experiences with and getting advice from your instructor on choosing a brokerage.
Another way to learn more about a brokerage is by carefully crafting your interview questions. This will not only help you gather information, but solid interview questions help the broker determine if you’d fit in well with the agency.
A few questions to ask:
- Does your brokerage require additional coursework?
- How many years of experience do you have?
- Is there someone within the brokerage I can work with a majority of the time while learning?
- What is your client contact style for developing leads?
- How long does it take on average to earn commission checks?
This will help you determine the right brokerage. For instance, one person may prefer a brokerage that does ask for additional coursework, while another may appreciate having someone who will work with them every day while learning.