There are practically countless real estate brokers scattered around the United States today. They will usually take at least 30% of their agents’ commissions to run their business and, of course, to pump up their profits. If you’re an agent in search of more financially and personally rewarding opportunities in the real estate industry, joining a firm that will give you your commissions in full – or at least almost – could be the answer. Absolutely, the firms are for real and they have benefited many with their groundbreaking approach.
So how do you get started with one of these brokerages? Every firm will have its own process, but all of them will probably go by the following general steps:
Choosing a Plan
As your first step, you will need to pick a plan that you think works best for you. If you’re a newcomer, take one of the most affordable options so you can save some cash if you make less sales than you had hoped.
If you’ve been selling homes for a while, a more expensive plan will give you savings on every closed transaction, allowing you to gain more overall. Sometimes, you may not find an option that actually aligns with your goals or expectations. In that case, most brokerages will encourage you to make them an offer. That means you will have more liberty in pursuing more earning opportunities.
Adding Your License and Contact Information
This is going to be as simple as typing in your name as well as your professional license number. If you have no number yet, by all means, get one. It’s a very simple process, but it does need time to complete. To receive word that you have been approved, you also need to enter your contact information (phone number, email address, etc.). Double-check if the information you have added is current.
Providing More Information
It is a given that the brokerage you’re applying to will want to know more about you. They will ask more questions and you are expected to answer them as honestly as possible. For example, they may want to know about the realtor organization you’re affiliated with. If you don’t belong to any realtor group, you can still be accepted into the brokerage but you have make a promise that you will join one in the near future. And even if you pick or have joined an organization that the brokerage isn’t part of, it will not be an issue.
Reading the Rules
Finally, take time to study the brokerage’ guidelines and policies and signify your agreement to them. Once you’ve checked the “I Agree” box, you’re good to go. The next thing to do is just to wait to hear from the firm.