Get set go…Ok, you completed your 90 hours of schooling, passed the school and state test and you’re ready to start your real estate career. You’re going to complete all your paperwork with ADRE, pay the licensing fee and you’re off, right? Did you pick a brokerage? If your planning on working full-time or part-time this page has great information whether you are diving right in or transitioning slowly into your real estate career.
The next part is simple, right? Well, it depends if you have already decided on your brokerage. Deciding on your brokerage is one of the most important decision you will make when you start. Take your time, ask questions, and don’t be afraid. The more questions you ask, the more the broker/manager is going to want you at their brokerage. Your interview should be no longer than 45 minutes. Remember as much as the broker/manager is interviewing you, you are interviewing them. So what questions should you be asking?
Below are some samples;
What type of sales training, support, technology training, do you offer new agents?
Do you offer a website with lead generation?
Are there any additional fees I need to know about?
The harder questions which you should be asking,
Do you have teams and what is the team structure?
Can you share with me the ratio of sales to the salesperson? (Usually the top agents in the office sell 80% or more of the business. Also, do not let the number of agents at an office be a
factor in your decision. 30 to 50 percent of agents in an office do no sales)
Can you share your retention or turn around rate? (This is the number of agents that joined compared to the number of agents that leave.)
Would you like some more questions? This is why I started RERS. There is an old expression “You don’t know what you don’t know.” Would you rather learn on the job or know what the job is? This is when you pick up the phone and call us and say, I’m a new agent and I want to know more. Call me anytime, it cost you nothing. Why? If you read our home page you know our mission.
Let’s continue. Here is more money about to come out of your pocket. I have attached links to all the Associations.
Most of the Arizona brokerages are associated with NAR, which means you are required to become a member of National Association of Realtors, Arizona Association of Realtors, plus one of the four local Associations in the Valley. WeMar is in Peoria and covers the west valley, PAR is in Phoenix and covers the Cental Valley, Scottsdale Realtors Association is in North Scottsdale and covers the Northeast Valley and Southeast Valley Association is in Mesa snd covers the Southeast valley. You usually align your local association with your Designated Broker. Total cost around $500.00 due in January every year.(fees are prorated throughout the year)
All the local associations have great training programs, educational classes you should take advantage of.
Local Maricopa Area Arizona Multiple Listing Service gives all Realtor access to listings in Maricopa County and surrounding areas.
Cost per year around $325.00 due June 30th every year(fees are prorated throughout the year)
Cost of Supra LockBox is $120 each, sometimes used ones are available. Call your local ARMLS service center for availability.
Additional lockbox fees are a one time $50.00 fee plus $17.95 a month for the Supra app for your phone. (yearly program available)
ARMLS offers software training classes at all their locations and brokerages can schedule in-house training.
That didn’t hurt your wallet so bad. Yeah right!! You’re a $1,000 bucks in debt plus the cost of real estate school and whatever the brokerage cost is. This is why I started Real Estate Referral Services. Get your training in first. Develop your business structure and systems before you start. Real Estate Referral Services offers Sales, Referral, Technology, and Marketing training before you join a brokerage with all the fees. You learn to work and build your sphere of influence and make money on referrals while keeping your day job. RERS is here to help sift through the maze and give you a better understanding of the Real Estate business. We believe it’s all about having a strong foundation.
*Real Estate Referral Services is an Independent Brokerage.
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