I go for my New York State test on Tuesday. What should new licensees look for in a New york mortgage broker?
I go for my New York State test on Tuesday. What should new licensees
look for in a New york mortgage broker? I have some real estate experience I have done 4
preforeclosure rehab and quick turn sales before. I am also a mortgage
broker. So I don't totally need my hand held. I am a new agent, but
not new to real estate. What kind of commission split should I be
looking for? I have an offer to work at ReMax in southern Queens, NY.
I know the broker, as she is a friend. Any suggestions?
I have no idea what the specifics of your area are, but here is a little of
what I would be looking for in a broker and what to compare.
1) What listing resources to they offer. That is, what can YOU put into your
presentation that will give you leverage in getting the sellers. What
advertising can you offer them, websites, offices in the area, etc.
2) Is the potential office a busy, professional office or a lazy, sucky
office. Go for an office where the agents are sharp and the managing broker
is someone you can work with. Lazy offices will be filled with part timers
and people with their feet on the desks doing nothing. Avoid their negative
energy, it will rub off on you.
3) Location. Those trips to the office will wear on you on the weekend and
evenings. At least try to get a place kinda close to you, if you can.
4) A broker you can work with. Talk with the managing broker and get a gut
level answer to this question. I had an old lady for a broker, at one time
and it was awful. Not that she was old, but somehow whenever I walked into
her office with a problem, I left the office with 3 more. You need a problem
solver and not a broker who gums up the process.
Get specifice ... what split and what the split is at every production
level. does the broker offer 100% comission for a flat monthly fee? At what
production do you qualify for what kind of office space?
Ask around and talk to other agents. Try to get a feel for what each place
is like. Many agents are very nice and will be willing to take you as a
partner and you can learn what you are doing faster.
Try to get Floyd Wickman sweahogs tapes to listen to for when you are
driving around, so you can brainwash yourself on some sales tech.