Agent Tips: Questions to Ask When Finding a Brokerage…

Choosing a brokerage can be tough… but we’d like to provide you with a few things to think about (and ask) when interviewing brokers! The foundation of your real estate career is very important, so training and development are key. But, I think the biggest thing is finding the right culture — whether that be a team, a mentor, or an office — finding a place where you feel comfortable and your core values align.

We’ve broken the “key” questions down into a few categories:

Culture

  • What is the company culture like here?
  • Would it be possible to get a tour of the office and meet some agents?
  • Can I sit in on an upcoming training session or team meeting?
  • Do you have weekly/bi-weekly/monthly team meetings?

Training/Mentorship

  • Is there a cost associated with new agent training? Is this mandatory?
  • What forms of on-going training and continuing education do you provide?
  • Do you provide any formal mentorship program?
  • Am I able to shadow a more experienced agent?

Marketing

  • What marketing materials are available? Do you offer business cards or any other company-paid advertising/marketing materials?
  • Do I receive leads?
  • Can I “brand” myself and my business? If so, how?
  • Where does the brokerage currently advertise?

Office

  • How many agents work at this brokerage?
  • Does this brokerage have part time and full time agents?
  • Do you provide an independent contractor agreement?
  • What kind of administrative support can I expect from the brokerage?
  • At what times do I have access to the office?
  • Does this brokerage deal in residential real estate? Commercial? Tenant/Rental?
  • Will I be able to do open houses for other agents?
  • What are the brokerage’s short term goals? Long term goals?
  • Do you have a office/phone time requirement?

Money!

  • What costs will I incur?
  • What are the commission splits?
  • What commission split would I start at?
  • Do you have desk fees?
  • Are there franchise fees?
  • Do you offer “caps”?
  • Do I have to pay for my yard signs? Lockboxes? Sign Riders? MLS dues?
  • Do I earn a bonus or any commission for referring another agent to XYZ Brokerage?

If you’re thinking about starting a career in real estate [especially in Houston, TX] and have questions, shoot me a DM on Instagram, or an e-mail!

Coldwell Banker United, REALTORS® – Metropolitan
Katie Day, REALTOR®
2 Greenway Plaza #150 Houston, TX 77046
Phone: 832.317.6006
Email: katie@movemetotx.com
Web: http://www.movemetotx.com | http://www.instagram.com/movemetotx

7 Reasons to Own A Home

The National Association of REALTORS® publishes a guidebook with a TON of great information to help buyers understand what to expect during the real estate purchasing experience.  We’re posting some of our favorite articles from the guidebook here.  Stay tuned for more articles to help educate you on the home buying process.

Interested in learning more? E-mail us for your own copy today! katie@movemetotx.com.

  1. Tax benefits.
    The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, and some of the costs involved in buying a home.
  2. Appreciation
    Historically, real estate has had a long-term, stable growth in value. In fact, median single-family existing-home sale prices have increased on average 5.2 percent each year from 1972 through 2014, according to the National Association of REALTORS®. The recent housing crisis has caused some to question the long-term value of real estate, but even in the most recent 10 years, which included quite a few very bad years for housing, values are still up 7.0 percent on a cumulative basis. In addition, the number of U.S. households is expected to rise 10 to15 percent over the next decade, creating continued high demand for housing.
  3. Equity.
    Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.
  4. Savings.
    Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.
  5. Predictability.
    Unlike rent, your fixed-rate mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will likely increase.
  6. Freedom.
    The home is yours. You can decorate any way you want and choose the types of upgrades and new amenities that appeal to your lifestyle.
  7. Stability.
    Remaining in one neighborhood for several years allows you and your family time to build long-lasting relationships within the community. It also offers children the benefit of educational and social continuity.

Coldwell Banker United, Realtors – Greenway Plaza
MOVEMETOTX – Katie Day Team
2 Greenway Plaza #150 Houston, TX 77046
Phone: 832.317.6006
Email: katie@movemetotx.com
Web: http://www.katiedayteam.com | http://www.movemetotx.com

7 Reasons to Work With a REALTOR®

From the National Association of REALTORS®

REALTORS® aren’t just agents. They’re professional members of the National Association of REALTORS® and subscribe to its strict code of ethics. This is the REALTOR® difference for home buyers:

  1. Ethical treatment.
    Every REALTOR® must adhere to a strict code of ethics, which is based on professionalism and protection of the public. As a REALTOR®’s client, you can expect honest and ethical treatment in all transaction-related matters. The first obligation is to you, the client.
  2. An expert guide.
    Buying a home usually requires dozens of forms, reports, disclosures, and other technical documents. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes. Also, there’s a lot of jargon involved, so you want to work with a professional who can speak the language.
  3. Objective information and opinions.
    REALTORS® can provide local information on utilities, zoning, schools, and more. They also have objective information about each property. REALTORs® can use that data to help you determine if the property has what you need. By understanding both your needs and search area, they can also point out neighborhoods you don’t know much about but that might suit your needs better than you’d thought.
  4. Expanded search power.
    Sometimes properties are available but not actively advertised. A REALTOR® can help you find opportunities not listed on home search sites and can help you avoid out-of-date listings that might be showing up as available online but are no longer on the market.
  5. Negotiation knowledge.
    There are many factors up for discussion in a deal. A REALTOR® will look at every angle from your perspective, including crafting a purchase agreement that allows enough time for you to complete inspections and investigations of the property before you are bound to complete the purchase.
  6. Up-to-date experience.
    Most people buy only a few homes in their lifetime, usually with quite a few years in between each purchase. Even if you’ve done it before, laws and regulations change. REALTORS® handle hundreds of transactions over the course of their career.
  7. Your rock during emotional moments.
    A home is so much more than four walls and a roof. And for most people, property represents the biggest purchase they’ll ever make. Having a concerned, but objective, third party helps you stay focused on the issues most important to you.

 

Interested in working together?  Send us an e-mail or give us a call today!

Coldwell Banker United, Realtors – Greenway Plaza
MOVEMETOTX – Katie Day Team
2 Greenway Plaza #150 Houston, TX 77046
Phone: 832.317.6006
Email: katie@movemetotx.com
Web: http://www.katiedayteam.com | http://www.movemetotx.com