Choosing the right brokerage firm to start or advance your career is critically important. The right fit can make all the difference for your long-term success in real estate. Degree Real Estate Academy aims to offer the support you need to be successful in your career by helping you find the right brokerage firm. We are happy to put new agents in touch with firms who share our philosophy of supporting new agents as they grow sustainable careers in real estate.
There are three key considerations to keep in mind when choosing a broker: training & development, marketing support, and commission split.
Training and development opportunities vary widely from one brokerage firm to another. Likewise, the type and level of training and development that agents need to be successful will vary from one agent to another. As with any new venture, there will be some learning curve at the beginning of your real estate career. Use this time to learn the business and develop strategies and techniques that are successful for you and set you apart from the competition. Aligning with a firm that will support your training and development needs will make a lasting impact on your success in real estate.
Marketing support goes hand-in-hand with training and development but is distinct in that marketing support will be ongoing. A background in marketing or business development can be exceedingly helpful in real estate. However, even new agents without this background or experience can be highly successful with the right marketing support. Matching your background and experience to a firm that will give you the freedom or support you need, as the case may be, in marketing your services will significantly impact on your long-term success in real estate.
Commission split is just one piece of the puzzle, and everyone is different. Some will thrive in an environment where the agent is left to determine the direction of their own business while earning a higher commission split. Others will achieve better performance and realize a higher income in a firm that offers a lower commission split but provides supportive training and mentorship.