Got Your Real Estate License? What’s Next?

5 Things to Look for in a Real Estate Brokerage in Florida

You just got your real estate license, so what’s next? Finding a Real Estate Brokerage. There are many things to look out for when searching for the right brokerage for you. We have compiled the top 5 things to look for in a real estate brokerage.

1.Do they offer Training?
It is important to join a brokerage that offers training. Training is an essential tool that will help with your success and it will make your start in the real estate industry smoother.
Questions you want to ask brokerages; What kind of training do they offer? How often do they offer training? How much does the training cost?
Questions to ask yourself; Do you have the money or are willing to pay for training? Do you want training that is readily available to you?All these questions will help you determine whether that specific brokerage is the right fit for you.

2.Do they have Support?
Another important tool is support from the brokerage. Having support that you can rely on for questions and help with your transactions, will allow you to learn quickly and have smoother transactions.
Questions you want to ask brokerages; Do you offer mentorship programs? Do you have staff that can help answer questions? Do you have teams I can join?
Questions to ask yourself; Do you want a brokerage that has a mentorship program, so you can have someone help you and mentor you in the beginning? Would you prefer to join a team or fly solo? Do you want a brokerage that has staff available to answer any questions or help with your transactions?
These are important questions that will help you with your success.

3.What type of Commission Structures do they offer?
When searching for a real estate brokerage it is important you do your research and learn about their commission structures. Some companies take a percentage out of your transactions and some companies will give you, your full commission and you pay a monthly fee.
Questions you want to ask the brokerage; How much will I be paying the brokerage? How many hidden fees or extra charges do they have?
Questions to ask yourself; How much money am I willing to give up? How much can I afford to pay a brokerage? Would I be okay paying extra brokerage fees?These questions are essential, especially if your decision is determined by where you are financially.

4.Do they have established Vendor Relationships?A real estate transaction entails many different components. When the brokerage you join has long-established relationships, it makes your transactions easier.
Questions you want to ask the brokerage; Do they have vendor relationships? How many vendors do they work with or do they have a vendor relationship for all things real estate? How often do the vendors come to the office?
Questions to ask yourself; Am I okay with a brokerage with no vendor relationships? Would I be okay handling everything on my own or taking the extra time to find vendors?Vendors can be a crucial part of transactions. It is helpful to be part of a brokerage that has established relationships with vendors that come on a monthly basis, so you can build a relationship with the vendor as well.

5.Do they have a track record of Success?The real estate industry is extremely competitive and there are many brokerages out there. When choosing a brokerage, you want to ensure they are established, successful, and always growing.
Questions you want to ask the brokerage; How long have you been in business? How many realtors are part of the company? How many years of experience does your broker have in the real estate industry?
Questions to ask yourself; Do I want to join a brokerage that is established for many years or a new fast-growing one? Do I want to join a small brokerage or a big brokerage?The brokerage you join can make a difference when it comes to your real estate career. It is also important to choose a brokerage that is the right fit for you.When it comes to choosing a real estate brokerage, there are many factors to consider. It’s important to do your research and make a list of things that are most important to you and what the brokerage can do for you.