26 Sep

Real estate can be a very tricky place to manoeuvre especially if you are new to the whole experience. But let's not also be too pessimistic about it. The process of buying or selling a home can be fascinating especially if you are the kind that likes suspense. It can feel like a hunting expedition on a safari somewhere on the African continent. There are so many opportunities, so many loopholes, the thrill of the chase, days when you are crestfallen and ultimately when you get things right, a super awesome feeling down within. However, for this story to have a happy ending, you must get the right real estate broker. As a real estate agent, especially one who is starting out, the real estate broker's network and resources will be vital tools in getting some good marketing and kicking up to high gear much faster.So what should I look at when picking a real estate broker? Well, in real estate agents' circles, the issue of commission split is the main one. As a real estate agent, you will be getting paid commission when you are selling and when you aren't selling, you will be getting, well nothing. But if you are selling, it means you will have to split the proceeds of the sale with the broker. So from the onset, find a brokerage that can sustain you financially and one that doesn't feel oppressive. Basically, ask yourself the question, "Can I live with it?" However, this shouldn't be the primary deal-breaker. It might be that the broker has other services that you would need more, especially when it's still early days; hence you can always compromise if you identify something else that can take you to the next level faster.

Also, do yourself a real solid and compare the broker's lead referrals using the income funnel approach. Just like a funnel, you squeeze in all the factors the broker is offering inclusive of the fees involved and see the future income on your end that comes out on the other end. You can take time to query your broker about issues in and around their forecasts for phone leads, website leads and floor time leads. Then use their estimates and your current formulae to see how much income you will get. You will soon discover that this has a massive bearing on the split that you will take. For the best real estate brokers, visit this site's homepage or go to www.turner1031.com.

You also want to assess the real estate broker's culture. What is their philosophy in their business? You can find brokers you have a sort of family set up at work. You might be looking for a real estate behemoth with massive financial muscle that bosses the industry. Consider the kind and amount of support the brokers offer to the agents in their work. All this can easily be derived from other agents who liaise with the particular real estate broker. Finally, analyse the issue of experience, market share and reputation. You can just use any search engine to see which brokers come up. This will indicate a strong market presence and massive reputation. After all, we all want to work with the best in the industry, so don't overlook the broker's reputation. Continue reading more on this here: https://www.huffingtonpost.com/erandi-palihakkara/how-searching-for-the-right-real-estate-agent-is-like-trying-to-find-your-soul-mate_b_9154936.html.

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