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
Report Abuse
Answer this Question


Chicago, IL

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
Report Abuse
Gregory G.
San Francisco, CA

Pick 3 and meet with all of them. You should get an idea of which is the best fit.

Sep 1, 2009
Report Abuse
Sandy S.
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
Report Abuse
Vicki W.
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
Report Abuse
Bert W.
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
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question