One of the most impactful decisions realtors make is selecting the real estate office (or brokerage) that is the best fit for their business. While some agents base this decision on simple factors like office location and monthly desk fees, there are several other important factors to consider before finalizing where to hang your license. Realtors in Orange County, CA have numerous real estate offices to choose from. Many of these factors are also relevant when joining a real estate team.
1.) Independence
Can you operate your business with autonomy or are there strict rules and guidelines in place? For example, are there any required meetings throughout the week? Can you create your own marketing or do you have to utilize the marketing department at the brokerage?
Think about the questions that matter to you and your business. Create a list prior to interviewing the brokerages.
2.) Contract Terms & Exit Strategy
How long are you committing to the brokerage by signing an agent agreement? Pay special attention to early termination or cancellation fees. How much notice are you required to give?
There may also be restrictions on your clients and active listings. Do your clients and listings come with you?
3.) Company Culture
Just like any other job, culture is critical. Do you align with the values and mission of the brokerage? Try talking to current and prior agents at the brokerage you are interested in. If possible, take the time to visit the physical real estate office.
4.) Hidden Fees
Make sure you have a clear understanding of your actual take-home earnings. Factor in admin fees, royalty fees, technology fees and training costs. In addition to monthly desk fees and splits, these hidden costs can have a major impact on your commission check.
5.) Earnings & Expenses
Evaluate the brokerage’s cost structure and consider whether or not you are receiving the value you need in exchange for the fees you are paying. If you are considering joining a team, be sure to ask about the cost structure and ask yourself the same question.
Reducing unnecessary expenses frees up funds for business growth, such as marketing, hiring support, lead generation sources or investing in personal branding. Consider the opportunity cost.
Overall, make sure you are looking for a brokerage that is the best fit for you and your business. You likely have different needs and values than other agents. Considering visiting or interviewing several brokers before making the ultimate decision on which one to join. There are numerous Orange County Real Estate Offices to choose from.
About AllView Real Estate
Building communities and empowering agents since 2014. With a reputation for excellence across LA, OC, and San Diego, we provide full-service real estate solutions, including residential, commercial, and property management. Join a brokerage that feels like home and supports your growth at every step. AllView is a top choice for realtors in Orange County, CA and beyond! Meet our agents and learn more about joining our team.
