Rental Property Investor · Kalamazoo, MI · Member since 2018 · 117 posts · 235 votes
I am a new agent. My brokerage split is 50/50 with my broker and I’ve been working with him for almost a full year. I’m fairly concerned because as we speak I am still not capable of filling out a contract or providing the paperwork necessary for a sell or a buy. My broker handles all of the work for me.
As well, I have brought all of my clients to the table and haven’t been provided any leads. Is that normal? Trying to figure out what I should expect. Thank you!
Real Estate Agent · Houston, TX · Member since 2019 · 240 posts · 155 votes
4y
Hey Kyler, to answer your question, your broker should be the one reviewing all of your contracts, making sure that you are compliant with your state real estate laws when you work with clients. They should also be the one updating you on any changes to certain contracts or regulations (like changes during covid).
You should be able to fill out a contract on your own, your broker should be the one reviewing them, and actually teaching you how to properly fill out contracts and provide paperwork, not necessarily doing that for you.
In terms of leads, if you are brining all of the leads in yourself, 50/50 is a little low in my opinion,
Rental Property Investor · Kalamazoo, MI · Member since 2018 · 117 posts · 235 votes
4y
@Kobe Xin that makes sense. I didn’t know that when I agreed to 50/50. He’s very busy and has a full time job outside of brokering so he’s really short on time.
Real Estate Agent · Milwaukee, WI · Member since 2022 · 15 posts · 3 votes
4y
Kyler,
It sounds like you would have liked to have a way to find EXACTLY what your brokerage firm is about.
And I mean in terms of commission split model, the property they specialize in, contract & legal help, sending you leads, mentorship, technology & marketing.