Man I’ve had my license for a couple months and I cannot tell you how good it it to hear this video. I’ve been fighting so many battles with my brokerage wondering if it’s me.
Just passed my test last weekend! Thank you Brandon for being so knowledgeable on the subject. I am completely new to real estate and this definitely helps me. Decisions decisions.
CHOOSE THE RIGHT BROKERAGE! Be sure to choose a brokerage that's doing well in the area(s) where you plan to work. This is so very important. Do your research! For example, if most homes being sold in your target area are only $300K, then would it make sense for you to choose a brokerage that charges high commission rates? If few people in your target area can afford homes that cost more $300K, then chances are, they're not going to hire a realtor working at some expensive brokerage. These days, people are looking for every possible way to reduce expenses. They're now hiring discount realtors charging as low as 1% commission! This is especially true in isolated, country, and rural areas where people often hire cheaper realtors working at off-brand brokerages no one has ever heard of. Everyone is trying to save money. If it's the luxury market that you're interested in, then make sure your office is located in an area that helps people buy and sell luxury properties, and it has agents who can help you in that market. Luxury is highly competitive, because understandably, experienced agents will want to get the most commission from the time and money their investing in running their real estate businesses.
damn. this is the kind of realtor I want to be. super straightforward and clear. THANK YOU for this. I do wish I watched more YT videos before I wasted five weeks of being new.
On boarding system- what are you gonna do be doing to get my business off the ground fast? Brokerage success- do they sale in high volumes? Have they done what I want to accomplish? Training and coaching- can they teach and train me their success? What is the brokerage gonna do to make me success in the business for selling homes? Getting in contact with my databases? Brokerage support- legal support, navigating transactions, negotiating a contract, writing offers, Agent centric/brokerage centric- freedom and flexibility to build your personal brand. In addition to company brand. You can market other peoples listings building brand awareness for their agents Fee structure- fees they are charging? Printing? Technology? What are all the fees? Office fee? Leads- does the brokerage help you generate leads Buyer internet leads? Pay for lead generation software Admin support? Or is that all on me Transaction coordination- does the brokerage offer someone to keep the transaction smoothly? Correct paperwork, deadline for contingencies Tech and tools- what tools do I get as a an agent of their brokerage Do I have to get my own CRM? Compensation- is there a cap on commission? What’s the split? Commission has to be equivalent to the value they provide What happens after the deal closes? Pay you after 48 hrs? Direct deposit?
I really like how you put chapter numbers on the bottom of this. Even with the "new way" youtube does chapters, but this is a nice visual along the way.
Hi Brandon - as always, awesome video! I am currently working on a comparative analysis on all the brokerages that I am interviewing at the moment in my local area. (Yes, I said that - I am interviewing them :)). I still have a few months left before I get the license, but I wanted to get a head start in finding the right brokerage from now on. I have used your 12 questions on the spreadsheet for doing the analysis. Btw, you made another video on real estate business plan. I have used the tips from that video to make my own business plan. :) Thank you for always providing great content for us!
Just got my Florida license and did the post license class too. Now just moved here and beginning to interview brokers. Since I don’t know this state or anyone here (used to sell in CA) it feels so daunting. Starting from scratch at my age is very interesting.... Seems so expensive to get going so was thinking of being a support person for a team in the right brokerage. I’m 62 and not ready to retire.
Broker I'm training with offers 50/50 split, but the more you sell it goes up to 80/20. They have administrative person etc but many agents have own pa too. Seems fair much lower turnover of agents there too
Very good information to take. I'm 3 months in and getting ready to switch because of this information I just got from Brandon. These Broker-centric firms are horrible! Thank you man!
Yup! I totally get it. If you end up at a company that is broker centric with old fashioned philosophy, you’re in trouble. Let me know if I can give you any advice moving forward.
Luckily you can switch brokerages at any time for only a $25 fee, here in TN anyway. So it wouldn't have been the end of the world, but definitely glad you chose elsewhere! haha
What a wonderful video . Everything you have said that is exactly what the brokerage firm that I work for did I feel so much better going with Hosler Realty?
I have a question. My brokerage is offering so many leads. Im closing like 3 deals a month. This month alone im closing 1.9 million in volume. However my broker wants to claim half the volume on all company based lead transactions. Do you think thats right? what are your thoughts on this?
New broker in the interview process trying to find a brokerage in NYC with great a mentorship program starting out rather than 100% commission. Are they any you would recommend with great training and coaching?
An idiotic video (full of non-informative ads (for monetization) that is totally unrelated to the main point) Also this video is like a 150,000 word essay, and And you try to stretch the word by all means
What’s the most important factor to you about joining a brokerage?
Support and commission splits
Support with lead generation. Without it, no money is made.
Training & Resources... you can't be successful at something you know nothing of.
With the right training and support I know that I will be successful!
i just passed my real estate exam about 6 days ago and i appreciate this video😭
I’m in that same boat rn haha. How did interviewing go?
Exeprieced agent here… 7 years in the business and this is AN AMAZING VIDEO! Great job educating others!
Man I’ve had my license for a couple months and I cannot tell you how good it it to hear this video. I’ve been fighting so many battles with my brokerage wondering if it’s me.
Just passed my test last weekend! Thank you Brandon for being so knowledgeable on the subject. I am completely new to real estate and this definitely helps me. Decisions decisions.
How’s your real estate path going as of now any sales?
How’s it going so far? I’m finishing up teaching and going into Real Estate as a second career.
Just finished an interview with a brokerage and oooh I wish saw this video before I stepped in that room😭
Just got my inactive license today. Definitely gonna reference this video a lot when preparing questions to ask the brokerages I interview with.
CHOOSE THE RIGHT BROKERAGE! Be sure to choose a brokerage that's doing well in the area(s) where you plan to work. This is so very important. Do your research! For example, if most homes being sold in your target area are only $300K, then would it make sense for you to choose a brokerage that charges high commission rates? If few people in your target area can afford homes that cost more $300K, then chances are, they're not going to hire a realtor working at some expensive brokerage. These days, people are looking for every possible way to reduce expenses. They're now hiring discount realtors charging as low as 1% commission! This is especially true in isolated, country, and rural areas where people often hire cheaper realtors working at off-brand brokerages no one has ever heard of. Everyone is trying to save money. If it's the luxury market that you're interested in, then make sure your office is located in an area that helps people buy and sell luxury properties, and it has agents who can help you in that market. Luxury is highly competitive, because understandably, experienced agents will want to get the most commission from the time and money their investing in running their real estate businesses.
damn. this is the kind of realtor I want to be. super straightforward and clear. THANK YOU for this. I do wish I watched more YT videos before I wasted five weeks of being new.
On boarding system- what are you gonna do be doing to get my business off the ground fast?
Brokerage success- do they sale in high volumes? Have they done what I want to accomplish?
Training and coaching- can they teach and train me their success? What is the brokerage gonna do to make me success in the business for selling homes? Getting in contact with my databases?
Brokerage support- legal support, navigating transactions, negotiating a contract, writing offers,
Agent centric/brokerage centric- freedom and flexibility to build your personal brand. In addition to company brand. You can market other peoples listings building brand awareness for their agents
Fee structure- fees they are charging? Printing? Technology? What are all the fees? Office fee?
Leads- does the brokerage help you generate leads
Buyer internet leads?
Pay for lead generation software
Admin support? Or is that all on me
Transaction coordination- does the brokerage offer someone to keep the transaction smoothly? Correct paperwork, deadline for contingencies
Tech and tools- what tools do I get as a an agent of their brokerage
Do I have to get my own CRM?
Compensation- is there a cap on commission?
What’s the split?
Commission has to be equivalent to the value they provide
What happens after the deal closes?
Pay you after 48 hrs?
Direct deposit?
I'm about to move to Michigan and join Brandon's brokerage . His value is unmatched
Let’s go!
What part of Michigan Brandon? I’m in Indian river up by Mack city
I'm actually interviewing Brokers next week so this is a huge help! Thank you for this video!
absolutely! Let me know if you need help with something specifically before you make your final decision.
Same here interviewing broker next week. Pass test this week
@@fazlanoman4205 how did it go?
I really like how you put chapter numbers on the bottom of this. Even with the "new way" youtube does chapters, but this is a nice visual along the way.
Hi Brandon - as always, awesome video!
I am currently working on a comparative analysis on all the brokerages that I am interviewing at the moment in my local area. (Yes, I said that - I am interviewing them :)). I still have a few months left before I get the license, but I wanted to get a head start in finding the right brokerage from now on. I have used your 12 questions on the spreadsheet for doing the analysis.
Btw, you made another video on real estate business plan. I have used the tips from that video to make my own business plan. :)
Thank you for always providing great content for us!
Glad you’re getting value! Let me know how I can help you on your journey.
Just got my Florida license and did the post license class too. Now just moved here and beginning to interview brokers. Since I don’t know this state or anyone here (used to sell in CA) it feels so daunting. Starting from scratch at my age is very interesting.... Seems so expensive to get going so was thinking of being a support person for a team in the right brokerage. I’m 62 and not ready to retire.
Where at in Florida are you located ?
I was have my first interwiew 2 days before,this video was really helpful, you have a new subscribe :)
Welcome to the channel!
You’re the king of high quality content. Thank you for everything
Broker I'm training with offers 50/50 split, but the more you sell it goes up to 80/20.
They have administrative person etc but many agents have own pa too. Seems fair much lower turnover of agents there too
Which broker?
My test is in 2 weeks .. thanks for all the advice
How’d you do??
Thank you ❤ I wish you were my teacher , you explain stuff way better then my real estate teacher
After interviewing first 2 brokers I realized i want to work for myself under Exp.
This is very valuable and alao applies to mortgages and insurance industry
Amazing video brother. Very informative and I will use this to find the right Brokerage.
Glad it was helpful!
Great video !!!
Great Content Brandon!!! Digging The Daily Content! I Have To Start Doing It!
Let’s go! Glad you’re getting value!
Very good information to take. I'm 3 months in and getting ready to switch because of this information I just got from Brandon. These Broker-centric firms are horrible! Thank you man!
Yup! I totally get it. If you end up at a company that is broker centric with old fashioned philosophy, you’re in trouble. Let me know if I can give you any advice moving forward.
@@BrandonMulrenin absolutely Brandon I’ve been following and listening to you for about a month almost
Great information- I almost signed up for Remax which would have cost close to $500 a month . Lord this would have been the biggest mistake of my life
Luckily you can switch brokerages at any time for only a $25 fee, here in TN anyway. So it wouldn't have been the end of the world, but definitely glad you chose elsewhere! haha
What a wonderful video . Everything you have said that is exactly what the brokerage firm that I work for did I feel so much better going with Hosler Realty?
Great info. Thanks
Great Video Once Again, thank you!
Most companies I’ve talked too don’t provide leads…
Wow this is a very informative straight to the point video
Thank you for making this video.
I'm on the cusp of switching brokers going from an international broker to a boutique. I've only been licensed for 3 months and I'm utterly lost.
Did this video help you get more clarity or other things that you still have questions about?
Legitimate question. Does it matter what questions you ask if they just tell you what you want to hear then not follow?
Yes. If you dig deep, hopefully you will get it get a sense of who they are and what they offer to see if it’s a good fit for you or not
Thank you !!!!!
Very helpful
this helped me a lot, thanks!
I’m in Michigan. We should connect. I’m taking classes right now for license!
Let me know
Thankyou !
If only there was a Brandon here in CA! ☺️
I have a question. My brokerage is offering so many leads. Im closing like 3 deals a month. This month alone im closing 1.9 million in volume. However my broker wants to claim half the volume on all company based lead transactions. Do you think thats right? what are your thoughts on this?
Unfortunately , I am in CA , new agent & MLO, difficult to find a good brokerage for dual agents to join? Do you recommend any in CA?
Big block realty 100%
@@BrandonMulrenin Hi Brandon, thanks for all your very informative content.. would you recommend Big Block Realty to a new agent?
Great info
Can you recommend a Brokerage in Brevard county Florida ?
I need a company that at least takes me to 5 presentations so I can get rid of the fear. That is important. One of each attitud.
Awesome,
👊
New broker in the interview process trying to find a brokerage in NYC with great a mentorship program starting out rather than 100% commission. Are they any you would recommend with great training and coaching?
Marvel Legends!
Which brokerage are you from?
I own my own brokerage.
@@BrandonMulrenin which one is it where is it located
that background music you have is the most annoying distracting thing ever. get rid of it
An idiotic video (full of non-informative ads (for monetization) that is totally unrelated to the main point) Also this video is like a 150,000 word essay, and And you try to stretch the word by all means
What's the next video that was mentioned at the end of this?