Finding the best sponsoring Broker.

Finding the best sponsoring Broker.

Vendor · Miami, FL · Member since 2015 · 6 posts · 1 vote

Hey there! My name is Jose Montero and i just obtained my real estate license(18YO), i wanted to know what are the features or benefits i should be seeking from my initial partnership. I am inexperienced in the actual practice and would love to get some sort of hands on training. spectating or shadowing day-to-day real estate transactions  and become familiarized with everything maybe start getting the hang of things. what are the best benefits a broker could offer for my personal development . i am eager to start but i know i have to be careful with who i choose.   thank you so much in advance.  

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Investor · Irvine, CA · Member since 2015 · 373 posts · 205 votes
11y
You've already received some really good advise in this thread. Having trained 100+ commercial agents as owner/broker/manager of a large national brokerage company I can add to the conversation about key points you'll want to ask/know about when interviewing brokers. In my opinion, the most important thing you will need to know before agreeing to work with a company is who will serve as your mentor, what their production is like year in and year out, what the mentor will get out of the mentorship, and most importantly meet and spend time getting to know the mentor before signing up to work with/for s/he. Here's some additional stuff In order of importance: 1. Training. You should ask what type of training will be provided as part of your agreement to align your license with this company. a) Ask for a thorough explanation of what the training program entails, it's length, and who is doing the training. b) ask them to show you the training materials. c) ask about the production of the trainer currently or when they were producing if they're now only managers. d) ask to meet with the sales manager if that's a different person than conducting the interview. Best if luck!
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  • New York, NY · Member since 2014 · 145 posts · 16 votes
    11y

    ask what the training entails.

    Find out who the teacher is as well. How much experience they have.

  • Real Estate Investor · Prince Geroge's County, MD · Member since 2012 · 392 posts · 104 votes
    11y

    Training, assign a mentor, what admin/desk duty do you have to do and mostly importantly do you have a problem with me investing as a licensee. 

  • Specialist · Rockland, MA · Member since 2010 · 7k+ posts · 2k+ votes
    11y

    @Jose Montero

    Welcome. 

    Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). Find out where the agents hang theirs and why. Find them through Google and meetup.com

    Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

    Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

    http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

    Good Luck

    Paul

  • Residential Real Estate Agent · Columbus, OH · Member since 2013 · 281 posts · 110 votes
    11y

    You should also be asking about ongoing fee's and commission splits.

  • Vendor · Miami, FL · Member since 2015 · 6 posts · 1 vote
    11y

     thank you all very much hope to hear from you all in the future!

  • Investor · Irvine, CA · Member since 2015 · 373 posts · 205 votes
    11y
    You've already received some really good advise in this thread. Having trained 100+ commercial agents as owner/broker/manager of a large national brokerage company I can add to the conversation about key points you'll want to ask/know about when interviewing brokers. In my opinion, the most important thing you will need to know before agreeing to work with a company is who will serve as your mentor, what their production is like year in and year out, what the mentor will get out of the mentorship, and most importantly meet and spend time getting to know the mentor before signing up to work with/for s/he. Here's some additional stuff In order of importance: 1. Training. You should ask what type of training will be provided as part of your agreement to align your license with this company. a) Ask for a thorough explanation of what the training program entails, it's length, and who is doing the training. b) ask them to show you the training materials. c) ask about the production of the trainer currently or when they were producing if they're now only managers. d) ask to meet with the sales manager if that's a different person than conducting the interview. Best if luck!
  • Vendor · Miami, FL · Member since 2015 · 6 posts · 1 vote
    11y

    thank you so much!! great stuff here much needed ^^

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