"So
I passed the Alabama State real estate exam, Now,
how about a JOB!"
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It is a very important decision
where you will place your real estate license. The greater share
of new agents soon fail and leave the profession. You want to be
one of the achievers. A large part of your initial achievement
will
depend on where and with whom you will work. Below you will find
some suggestions on questions you may desire to consider asking during
your job
interviews.
Understand that once you pass the state exam you are valuable and most
brokers will desire to hire. Although in some
cases brokers may limit interviewing only new agents which have been
referred to them by someone they trust like an agent in their
company.
As an
independent contractor the cost in having you "come aboard" is rather
minimal and any production you bring to the company will be a
benefit. But, to recoup your
costs you must become productive
quickly. The training and your working environment will in a
large part determine your initial productivity. Choose wisely!
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My Training
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Training!
What will the broker and company do to insure my success?
How successful has the training program been in the past? How
many new agents have been successful with their program? Names?
Will there be any other new agents who will be training with me?
1.
Training manager - Larger companies may have a sole
individual responsible for training. They may be a part of the
interview process.
2. Instructional Training - A
written program of instruction which you are required to
complete. These will have been professionally prepared and teach
proven fundamentals which have made other new agents successful.
3. Videos - Possibly a complete training
program which you must complete providing the fundamentals of the
industry.
4. Training partner - I affectionately call this the Judy method since
Judy was my first real estate trainer. I was assigned to Judy and
I went with her on her listings, showings and performed those
requirements which she gave me. At a later time she would
accompany me on my showings and listings and critique my
actions. For about a year Judy was concerned with how I was doing
offering me assistance, praise and suggestions during the entire
period. Although no longer in the area she was always a person I
could call and is still my friend to this day.
5. Corporate Program - Some of the major national
companies have their own training programs comprised of tapes and other
activities the new agents are to perform. These programs have
been
professional prepared and tested on a wide range of new agents.
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Other
questions my include how long will the training last? and possibly
meeting the person who will be responsible for your training.
I would also encourage meeting new agents who have been a product
of their training program.
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$
Money $
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<>There are 2 big questions to ask and
although money is important to me the money is less important then my
training which will lead to my overall success as a real estate agent.
FIRST, what are the
costs I am going to experience, initially and regularly?
Different companies have different requirements and provide some items
at no cost to their new agents. I have put together a list of
these costs which agents I have taught and who work at different
companies have had to pay. A list of these costs can be found on
my web page: The Cost of Doing
Business.
SECOND, how much
will I be paid based upon a commision the company receives from my sale
of a property. What percentage? What costs are required to
be paid our of "my" side of the sale? And finially just to insure
you understand all the costs have the broker provide you an estimate on
your income from the sale of a $150,000 property.
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The Future
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Future plans for
the company.?
Future plans which could involve you?
Expectation of future company growth?
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Other
Considerations
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What
administrative support
will you be provided. Typing, copying,
supplies, etc.
Floor Duty - if
yes then how often. Request to see a copy
of their floor duty schedule and floor duty instructions folder.
Advertising and what
support will be specifically provided to you,
your picture, your
name and your phone number.
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.AND
FINALLY - Be
sure to send a thank you letter after the interview thanking the broker
for their time and assistance. Good manners are always "in
fashion."
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