Affiliating With Broker

Question 1

You select a principal or supervising broker who will maintain your license in the brokers office

Answer 1

Broker Affilation

Question 2

Broker Affiliation includes

Answer 2

Supervision and training and agreement to be responsible for your actions while you are a salesperson or associate broker.

Question 3

Requirement to apply for broker’s license

Answer 3

Actively engaged as a licensed real estate salesperson for a period of 36 of 48 months immediately preceding your application to become a broker.

Question 4

Reduced Share Liablity

Answer 4

Advantage of being a broker

Question 5

Advantage

Answer 5

Office space and professional surroundings

Question 6

Advantage

Answer 6

Training

Question 7

Advantage

Answer 7

Networking, social opportunities, and vacation coverage opportunities

Question 8

Advantage

Answer 8

Brand awareness recognition

Question 9

Advantage

Answer 9

Floor time

Question 10

Advantage

Answer 10

Shared advertising costs

Question 11

Done in the name of your affiliated broker

Answer 11

During the period of your affiliation, all listing and buyer representation agreements you sign, and all real estate services and marketing activities you perform,

Question 12

Questions to ask

Answer 12

How many licenses does the broker supervise

Question 13

Question to ask

Answer 13

What is the training program like

Question 14

Question to ask

Answer 14

What is the compensation package

Question 15

Question to ask

Answer 15

How available is the broker if you have questions

Question 16

Question to ask

Answer 16

What is the annual commision or sales volume per affiliated licensee

Question 17

Question to ask

Answer 17

How are leads funneled inside the firm