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How to choose your Real Estate Brokerage

Brittany Kimble

Updated: Sep 26, 2023

What to consider when choosing.

Now that you have passed your state exam and received your license, it's time to find a brokerage to hang your license. No matter what, if you are looking to legally practice real estate, you will have to be under a brokerage's supervision.


If you don't hang your license you'll remain inactive until you do and no worries, you can remain inactive indefinitely. Just be sure to stay up to date on your post-licensing and continuing education hours and additional requirements.


Anyway, there's no possible way that I can tell you what to look for in a company, but I can help you think of the important factors that you should consider when choosing your brokerage. Take into consideration that I am now a year into my journey and I am now working with my second brokerage.


Brokerages are very different in the way they operate. Before I give you the tips on what to consider when choosing your brokerage, I will talk a little bit about my experience thus far.


Initially, I worked for an investment brokerage that was mostly focused on highly distressed and discounted properties. We only sold to investors who wanted to fix and flip the properties or fix and rent out the properties.


This process did not require an extensive marketing strategy, listing presentation or signed agreements. I never had to do a formal showing in fact, at our showings we would point out all the flaws of the home. The acquisitions team was in charge of comps and seller relationships and I only had relationships with buyers.


We never signed listing agreements or buyers agreements as sales agents; the only thing we dealt with was purchase and sale agreements and company disclosures.


Moreover, now I am working at a residential brokerage where marketing is highly required, showings are extremely formal, listing presentations are required and relationship agreements must be in writing.


I have to run my own comps, host my own open houses, build relationships with buyers and sellers learn all the mortgage and deposit assistance services. These companies exist in two different worlds, but one is not better than the other. It all depends on what you personally want out of your workplace.


Now that you know a little bit about my history, hopefully you'll trust me when considering these tips. So, to put it all in perspective, just think about what you care about the most. Do you want to save money on office and desk fees?


Does training and mentorship matter to you? Do you want to work for a large company with a well-known name, or do you want close support? Think about these things when deciding on where you'll call home. Below, I have included a list of things you could think about to help influence your decision on a real estate brokerage.

  • Transaction fees

  • Desk fees

  • Commission split

  • Brokerage fees

  • Internet presence

  • Marketing package (business cards, website, etc.)

  • Classroom training

  • Facility vs Remote

  • Mentorship

  • Administrative support

  • Reputation/Reviews

  • Leads (Does company provide leads?)

  • Niched (Is company specialized in one thing?)

Keep in mind that you must do your own due diligence when it comes to finding additional information. I hope my information serves as a helping tool throughout your journey, but it should not be treated as a main source of education in real estate.


For more information, I recommend going on YouTube and watching a few additional sources. Thanks for reading my words. Good Luck! Type to you next time!


Click this link if you are interested in having a conversation about becoming a REALTOR®


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