Anyone know if real estate broker's typically require prior/related experience when hiring agents?
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>>1728433
Agent here. Absolutely none. You're interviewing the broker, they don't interview you.
Depends on the firm, city and what type of broker you wanna be... residential or commercial?
Residential, not at all go take a class and sit for the test after you pass you will get an annoying amount of emails and calls inviting you to come in.
Commercial, a little harder to much harder depending on the shop and the city, but if you go out sit for the test and cold call managers and ask for a job I can gaurentee you'll get interviews. As long as your not socially inept and can bullshit and come off hungry and aggressive.
-22 year old commercial broker at a top shop in at top 5 MSA who passed my test less then a month ago
>>1728433
None at all.
>>1728939
This.
Basically brokers want as many agents under them as possible to charge some type of either office fee or take commission cuts. If you got a million agents under you, 5-10% will perform well. 10%-1million is 100,000. if all 100,000 got 1 deal, you take around 5-20% of 2-6% of purchase price.
What you are looking for is a broker that will mentor and teach you how to be successful.
>>1729308
>What you are looking for is a broker that will mentor and teach you how to be successful.
First thing I asked each broker is what training/mentoring/coaching they offer.