So you’ve decided to get your Real Estate license…what now? Well, what most new agents don’t know is that once you pass your State Licensing exam, you have to find a brokerage to hang your license with. So while you are taking your classes, go ahead and interview a number of brokerages that you might be interested in. Here is the inside scoop on the best brokerage to join as a new agent!
Press “Play” to follow along
How to find the best brokerage to join as a new agent.
Some items to consider when interviewing;
01. Are you a self starter?
02. Are you confident in marketing yourself?
03. Do you prefer to have someone hold your hand through the processes or do you want to jump in and forge ahead on your own?
The answers to these questions will determine the type of brokerage you might be interested in. They will also determine what your monthly cost might be, your commission split and your cap. If you need accountability to be productive, you might want to join a team on top of joining a brokerage, which is totally normal for new agents. Knowing your needs ahead of time is crucial in making the decision on where to hang your license.
The world has changed since Covid and most businesses are now virtual. Are you good at virtual learning? If so, there are so many choices for you compared to a traditional brokerage that charges you $200-$1000 per month literally before you have sold a home. If you are a motivated learner, look for a company that lets you learn on your own, has some type of cap, and doesn’t charge you an outlandish fee monthly before you ever sell a home!
Why Sage & Cedar hangs their license with eXp Realty
Sage & Cedar hangs our license with eXp Realty for a few reasons:
01. Cloud Campus environment – Work from anywhere, instant access to training and support. Knowing you can learn from home and on demand is a big plus. Time is a nonrenewable resource so being able to skip the travel and traffic and learn at home is a great time (and headache) saver!
02. No Desk Fees – Let’s face it! As a real estate agent, you have to be able to work from anywhere… and most agents do! The number of people primarily working from home tripled between 2019-2022 (census.gov). Why spend the money on a desk fee if you don’t ever use it.
Fees are a big deciding factor for most agents. Especially new ones! eXp Realty does an 80/20 split. Knowing you can keep 80% of your transactions is a big deal (compared or 40 or 50% at other brokerages). Along with the reasonable split, they also offer a 16k yearly cap. Once you’ve paid the broker $16,000 for the year, you keep 100% of your commissions.
03. Equity Opportunities –
A. Sustainable equity plan – Each year earn shares on your first transaction, earn shares when you cap, and earn shares when an agent you sponsor closes their first transaction!
B. ICON award – Earn Up to $16,000 in stock upon the achievement of certain production and cultural goals within your anniversary year!
C. Agent equity program – Enroll to be paid 5% of every transaction commission with stock at a 10% discount!
Every agent has different needs. Decide what’s important for your success, and have that inform your decision. If you’d like to learn more about eXp Realty or Sage & Cedar, Visit us here: https://heatherdean.exprealty.careers/ or here: https://sageandcedarhome.com/join-our-team/.