Hi - New Agent in PA

[jameskaleda]

Hi All,

Just passed my license test in PA. I plan to work the NE portion of the state. anyone have any advise on selecting a broker


Thanks


James

[MaxSinclair]

Congrats, James. Welcome to the forum. Go talk to all the brokers and the important things for new agents are the kind of training they're going to provide, the commission split, the kind of expenses that you're responsible for paying, their subsidized advertising rates. I've also noticed that the E&O insurance differs from firm to firm, sometimes by a pretty large margin. So you might want to be careful there. Have fun and go make lots of money!!!

Max

[justicewhite]

Welcome to the forum James.

[Jiany]

HEY congrats from Jiany
About Brokers. If you do not know much about the buss, then make sure the broker will assist you when you need the information. The spilt is very important. 90/10 is good, if you are gona get anything below that make sure classes are available, and help is always there. Broker do not really do anything for your buss, YOU are the one that is gonna do the leg work. Don't be shy negotiating you split. Good luck from JIANY

[Phoenix Realtor]

Hi James,

Welcome to the forums!!! :D

[judyo]

Welcome James. Just had to chime in. In my area I don't know any broker who would give a brand new agent a 90/10 split unless there were some monthly fees involved, plus paying all your own advertising and other expenses. If you can find a broker who will do that it would be great.

You also might want to find an agent that would "mentor" you. Sometimes they let you follow them around to showings & listing presentations & let you listen to them handle phone calls.

Some agents will work with you on your first few deals until you get comfortable but they will expect to be paid, usually by a split with you on your earnings. My old office (a Century 21) offered new agents in-house training (C21 paid an agent a little extra for doing it).

So get out there & see what you can get. Even though you are new it will still be "you" interviewing the different brokerages to see what they offer. And if you like a particular office you can always educate yourself by taking courses offered by the company or the local board or on the state/national level (designation classes).

Good luck!

[Chief Tutor]

When I got my license in Texas, I joined a company based in another city which did not have an office in Austin. They gave me a 80/20 split and paid for my internet connection.

I was responsible for my E&O insurance and all my realtor fees. This gave me all that I needed to be successful.

If you already have a local network, this can work. If you don't have an established network, you will have a long haul to profitability.

Hope this helps.

[Real Estate Forum]

Welcome, James :) If you have any questions, feel free to post them in our forums :cool:

[amberstar702]

Hi James:

Welcome from Las Vegas! :)

Cheers,