What should I look for in a sponsoring broker? Where can I compare the differences of sponsoring brokers?

In General Area - Asked by adam c. - Aug 31, 2009
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Answer(s)

DANIEL P.
Broker/Agent
Glenview, IL

Adam,
Look for motive. Who are they, how many successful people are working for them and why do they want to hire new agents. Make sure you speak with the other agents. There are great opportunities right now. Make sure you put yourself in the best position to learn and make money.
Dan Porter

Sep 1, 2009
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Gregory G.
Broker/Agent
San Francisco, CA

Pick 3 and meet with all of them. You should get an idea of which is the best fit.
http://www.gregorygarver.com

Sep 1, 2009
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Sandy S.
Broker/Agent
West Hartford, CT

What is the split? Do they offer a cap on commission paid to broker? Education, network, leads, marketing materials, and technology offered?
Does the broker offer any profit sharing?

Sep 1, 2009
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Vicki W.
Owner/Investor
Lake In The Hills, IL

I'd suggest NOT focusing on the commission splits, but as a new agent that you find a Broker that is going to have the time or the resourses available to train you. AND soneone you can relate to. New agents often make the mistake of jumping aboard offices with higher commission splits and let's face it, without mentoring and or training 90% of NOTHING is NOTHING! And you need to ask yourself, is retirement or residual income important to you? If so ask those questions up front. After all you are building a career, NOT a temporary living and you should always have the end in mind. Good luck!

Sep 5, 2009
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Bert W.
Broker/Agent
Austin, TX

Piggy backing on Vicki W's response. Support from your broker as well as staff are key for success. Broker should be experienced and knowledgeable, but also supportive. Best to find a broker who does not compete for listings or sales with you. Good Luck

Feb 1, 2017
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