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I previously held a real estate license and did some work, mostly property management and assistant-type work, and then let it expire while I finished my college education and started a family. I chose a major based on perceived stability, but found out that #1- no industry is stable and #2- I want to be a business owner and crave the flexibility. I'm planning to take the updates and courses needed and then the licensing exam. I am confident in my knowledge of real estate as far as the contracts, terminology, etc., but fear that lack of experience is still going to be a bit of an issue in the beginning. I really want to do a good job and represent my clients with high ethical standards.
I would like to work with a larger brokerage for the name recongition, ad-backing, and mentoring. What are the different commission split and training structures out there in North Texas? Who has mentoring programs and are they successful? I've talked with a few, but would like some inside knowledge. Would joining a team be the best way to start out?
Location: Mokelumne Hill, CA & El Pescadero, BCS MX.
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For some reason, as I read your post, I thought to myself; this person isn't much of an entrepreneur. Not that that is a bad thing, just a person looking for security. Flexibility is very nice, but the flexible part is the expanding the work week up, not down. Your business is driven by you and your dreams. Dream big.
If I was looking to hire someone, I'd want to have someone tell me they wanted to buy the brokerage from me at some point.
I really am not trying to throw cold water on your dream at all, there's hundreds of folks in this business that do just fine under the scenario you lay out.
Best of luck to you, I'll leave others to actually answer your direct questions.
In TX and North Texas the largest Independent Broker is Ebby Halliday Realtors. Great place to get started in the business with good training, people and support.
It doesn't matter if it's N. Texas, S Carolina, E Asia, or West Virginia; go find you a broker who teaches Brian Buffini AND Tom Ferry. Learn how to serve your clients. Learn how to mine your own database.
Forget your first year splits. Learn how to earn. I doubt if an independent will do that for you, and certainly not a typical team.
For some reason, as I read your post, I thought to myself; this person isn't much of an entrepreneur. Not that that is a bad thing, just a person looking for security. Flexibility is very nice, but the flexible part is the expanding the work week up, not down. Your business is driven by you and your dreams. Dream big.
If I was looking to hire someone, I'd want to have someone tell me they wanted to buy the brokerage from me at some point.
Thanks for the honesty. I do have every intention of owning my own brokerage down the line! But we all have to start somewhere. I don't feel that the typical licensing education is enough to learn the business well, and this is my short-term goal.
Thank you, Rakin, I will look at Ebby. Ebby is a wonderful lady, a true inspiration!
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But we all have to start somewhere. I don't feel that the typical licensing education is enough to learn the business well, and this is my short-term goal.
