As an estate agent, one of your most important decisions will be the selection of which estate agency you join. The following are important factors to take into consideration as you make your choice.
Commission
One of the most obvious factors is your commission, or how you and the agency split the money you earn from clients. Although a 100% commission sounds terrific, you should be wary of working for an organisation that claims to offer such a rate. Remember that estate agencies can’t afford to work for free, so they’ll take the money from you in other ways such as transaction fees or charging you for office space.
Commission isn’t the only thing you should take into consideration. There are many other factors will break or make your experience with the agency.
Company Culture
Company culture can be hard to describe, but it’s very important that you choose an agency that you’ll be happy working for. The atmosphere of your workplace is important, and you want to build relationships with coworkers who are supportive. Although much of your work is independent, you will still have to work closely with others at many points in your career. Some agencies even offer routine fun group activities to foster a sense of community.
Support
Different estate agencies offer different types of services and support, so it’s important to select one that provides the services you need most. Some agencies offer training courses so you can improve your skills. Some groups may pay for the necessary licensing exams, while others require you to study and pay for them yourself. If you need services such as software or tech support to perform your job, check if the agency offers these. Make sure that the agency you join offers the services that are a priority for you.
Business Opportunities
Another factor to take into consideration is how the agency distributes their leads. Some agencies distribute their leads internally, and divide them between their agents. Other groups leave the agents responsible for finding their own leads and generating their own business. They may or may not provide tools and resources to help you in this process.
Your commission isn’t the only factor that you should take into account when you choose an estate agency to work with. Other factors such as the company culture, types of support offered, and the available business opportunities should also influence your decision.