15 Must Ask Questions When Choosing A Broker

Real Estate Training & Coaching School

Business, Careers

4.7 • 669 Ratings

🗓️ 20 October 2023

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome back to America's #1 Daily Podcast, featuring America's #1 Real Estate Coaches and Top EXP Realty Sponsors in the World, Tim and Julie Harris. Ready to become an EXP Realty Agent and join Tim and Julie Harris? https://whylibertas.com/harris or text Tim directly 512-758-0206 IMPORTANT: Join #1 Real Estate Coaches Tim and Julie Harris's Premier Coaching now for FREE. Included is a DAILY Coaching Session with a HARRIS Certified Coach. Proven and tested lead generation, systems, and scripts designed for this market. Instant FREE Access Now: YES, Enroll Me NOW In Premier Coaching https://members.timandjulieharris.com Choosing the right real estate broker is perhaps the most important decision every real estate agent has to make. On today's Real Estate Training and Coaching podcast, Tim and Julie Harris will share with you the top 15 questions to use when interviewing potential real estate brokerages. These questions are perfect for new agents and seasoned agents alike, who may be in need of a broker upgrade. The old question is: "What are you paying your real estate broker?" (fees / commission splits / etc), but the new question is : "What is your broker paying YOU?" So what questions should you ask when choosing a real estate brokerage? Here are the questions, as well as why WE chose EXP Realty. In no way is this a comprehensive or a one-size-fits-all list of questions. These questions are designed to fine tune your thought process so that your brokerage choice is in alignment with your goals and ambitions. REAL ESTATE LEADS, LEADS and more LEADS: Question: What is Tim and Julie Harris's favorite PROBATE LEAD PROVIDER? Simple, https://alltheleads.com/harris Before we get to the 15 questions please answer these 2 questions: 1) In the last 12 months what 2-3 things are you most proud of having accomplished in your real estate business? 2) 12 months from now when you are looking back, what will be the 2-3 things you will be proud of having accomplished? 1. Is your income flat or in decline? Do you feel like the best days of your real estate career are behind your or still ahead? 2. Are you the best agent in your office, not feeling challenged currently? 3. Is the environment at your current brokerage negative in nature? Are your colleagues, broker, or office manager too negative and killing your motivation? Do they just talk about how tough the market is? Is the fear meter pegged because the brokerage is clearly lost in this new market? Question: Are you ready to join EXP Realty now? Tim and Julie Harris are applying for the job of being your EXP Realty sponsor. Partner with Tim and Julie at EXP Realty. Text Tim now: 512-758-0206. Ready to become an EXPIRED Listing Agent? As promised, here is the discount link for the EXPIRED LISTING LEADS: https://www.redx.com/affiliate/tim-and-julie-harris/?aff_code=670699 P.S. Yes, that is Tim's real cell number and he really will personally respond. P.P.S. Text (don't call) 512-758-0206 if you are ready to join EXP Realty or if you are EXP Realty curious. 4. Does your brokerage require you to attend too many mandatory meetings or other time consuming, non-dollar productive activities? 5. Does your broker or office manager shoot down every idea that isn't a super traditional activity? Do they have little or no tech support? If your brokerage isn't 100% online and doesn't have its own MetaVerse, how will the next generation of buyers perceive that brokerage? Most importantly, how will they perceive YOU? 6. Do you feel like you're constantly being nickel and dimed? (Does your broker take a cut out of every source of income, including home warranty sales and processing fees? ) 7. Does your broker offer zero support beyond just your basic transactions? 8. Does your brokerage have an iBuyer program? 9. Does your brokerage provide revenue share? 10. Does your brokerage provide opportunities to purchase stock, or offer stock awards?

Transcript

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0:00.0	Welcome to Real Estate Coaching Radio starring award-winning real estate coaches and number one international bestselling authors, Tim and Julie Harris.
0:10.2	This is the number one daily radio show for realtors looking for a no BS authentic real-time coaching experience.
0:18.2	What's really working in today's market, how to generate more leads,
0:21.8	make more money, and have more time for what you love in your life. And now your host, Tim and
0:28.3	Julie Harris. Three, two, one, and we're back. Julie, we're doing today's show on choosing
0:35.8	your real estate broker. Yes, it's an important question. It is because
0:38.9	this time of year is when most agents are in the process of evaluating their brokers to decide whether or not
0:44.7	they want to stay at their present situation. Certainly. Or they're looking for a broker upgrade.
0:48.4	So what we're going to be doing is we're going to be going through 15 must ask questions that every
0:52.9	agent should be considering when choosing
0:55.0	a broker. A lot of times, or at least traditionally, a lot of agents have chosen their broker
0:59.0	just on the location, their offices nearby, all the rest of it. But the simple fact is,
1:04.0	is all the rules have changed because of this market. And unfortunately, a lot of brokers that
1:08.6	are, you know, in the brokering business now are no longer going to be viable or, frankly, won't be viable in the next six to 12 months.
1:15.8	A lot of, I would say consolidation is happening in the real estate brokerage business.
1:19.9	So what we're going to do is we're going to take you through a list of questions that you should be asking of your broker.
1:25.2	If you're a new agent, use these as a filter, actually ask these
1:28.7	tough questions, or if you're an existing agent and you're looking for a broker upgrade,
1:33.2	obviously these questions will get your brain working in the right direction.
1:36.3	That's right. So what questions should you ask when choosing a real estate brokerage?
1:40.3	Here are the questions as well as why we chose EXP Realty. You know, we can put our license anywhere.
1:46.2	In no way is this a comprehensive or one size fits all list of questions.
	...

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