As a new RE licensee...

**bkar** · 02-14-2007, 04:43 PM

As a new RE licensee holder (in California), what criteria do you use to select a RE agency to work at?

What questions do you ask of that agency before placing your license with them?

What things are most important in that selection process?

**FlaGal** · 02-17-2007, 05:59 AM

No matter what State, I find it most important to get sufficient training. Secondly, I would check out how high their mtl fees are. Makes no sense for a new agent with zero listings and zero experience to be paying 500+ bucks a month just to be able to use their fax machine.
One more thing to keep in mind: the other agents ARE NOT YOUR FRIENDS. They might be willing to help you out and they might be very nice to you BUT THEY'RE NOT YOUR FRIENDS!!!!

**Codythebest** · 02-17-2007, 06:37 AM

FlaGal got to the point. Training, training and training is key. Expect your first check in 6-9 month. Make sure your can handle that. ( unless uncle Joe wait you to have a license to list his 2 millions dollars property worthing 5 millions!)
One thing though: Do not even begin to think about quitting. That's your worst ennemy...Get in Full time. Part timer never make it. At least, I've never met a part timer doing well...

**FlaGal** · 02-17-2007, 01:49 PM

CODY, good advice there: NEVER QUIT!

**YourOrlando.com** · 02-17-2007, 02:53 PM

It would be a good idea to review the "Independant Contractor's Areement" (ICA). This is the contract between you and your prospective broker. What they may tell you versus what's in the ICA "contract" may be two different things. And as the others have mentioned, a firm with a strong training program is going to be your best bet.

Best of luck

**REbuyersgroup** · 02-18-2007, 08:41 AM

There are many posts on this. READ the ICA VERY closely. If the broker tells you that every company's ICA is the same, RUN, or if you see wording that you do not agree with ask questions or have it removed (if you can). Most don't like to change the agreement and it is take it or leave it. If they won't work with you, leave! It's not worth it.

ICA are to the benefit of the Broker, not YOU. If you leave, what are the terms?

When I was new, I signed an agreement that was VERY bad. The broker told me he never enforced it if you left on good terms. Thinking back, have you ever left a company on good terms? Someone is going to be disappointed. I was a money maker, and he hated to see me leave. Funny how all those clauses came back to bite me. Lost over $50k in commissions.

Always look at an ICW from a worst case scenario.