How to Choose a Real Estate Broker? | Ask these 12 questions FIRST!

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[BrandonMulrenin]

What’s the most important factor to you about joining a brokerage?

[carolaguera]

i just passed my real estate exam about 6 days ago and i appreciate this video😭

[ayushikukreja]

Exeprieced agent here… 7 years in the business and this is AN AMAZING VIDEO! Great job educating others!

[WcJ]

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.

[artisanhome]

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.

[RealHannahKrogman]

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.

[travismatthews]

Just got my inactive license today. Definitely gonna reference this video a lot when preparing questions to ask the brokerages I interview with.

[billyking]

Just finished an interview with a brokerage and oooh I wish saw this video before I stepped in that room😭

[BettySines-iq]

Thank you so much for your information! So correct about the business and the wrong company play business time and efforts wasted draining and discouraging those who would be great agents. To be getting into growing your business need what you are sharing !
I did real estate a long time ago so much lack of professional companies as presented, I lost so much counting on them. ….

[DiscinwithJim]

I'm actually interviewing Brokers next week so this is a huge help! Thank you for this video!

[sidneygrc]

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?

[fpilot]

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.

[AshMoraila]

I'm about to move to Michigan and join Brandon's brokerage . His value is unmatched

[rosejaime]

My test is in 2 weeks .. thanks for all the advice

[MichaelMacaque]

This is very valuable and alao applies to mortgages and insurance industry

[Anandozzo]

I was have my first interwiew 2 days before, this video was really helpful, you have a new subscribe :)

[MsSigma]

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!

[kellywhite]

You’re the king of high quality content. Thank you for everything

[KimberlyFayeThompsonCHC]

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.

[ColtonAplin]

Amazing video brother. Very informative and I will use this to find the right Brokerage.