You've completed your pre-licensing education, passed your Real Estate Council of Alberta (RECA) exams and you are on your way to becoming a licensed Alberta REALTOR®. But wait, you need to interview at a brokerage.
When starting out as a new REALTOR®, choosing the right brokerage can set the trajectory for your future success in the industry. It's important to do your research and approach brokerage interviews with a set of well-thought-out questions that can help you make an informed decision.
When can I start interviewing at brokerages?
Pre-licensees can begin interviewing at brokerages at any time. It is actually recommended that you begin interviewing at brokerages before you are complete your pre-licensing education. Once you are complete your Fundamentals of Real Estate and Designation courses, you have six months to sign to a brokerage, so the sooner you get started, the better.
At area learn, we want all of our learners and new members to feel well-equipped to tackle their brokerage interviews. In this article, we will explore key questions to ask during your brokerage interview to ensure you're aligning with a brokerage that supports your career goals and values.
Questions New REALTORS® Should Ask During their Brokerage Interview
- Does the brokerage offer support to new associates in their marketing and advertising decisions to keep them
compliant?
- Does the brokerage provide space for associates to meet with clients? Are there availability restrictions?
- Does the brokerage have workspace or workstations available for associate use? Are there restrictions?
- Approximately what percentage of brokerage associates are over & under 5 years in the business?
- Does the brokerage operate in all designations, including property management?
- Does the brokerage have policies about trading outside the local geographic area?
- What types of insurance does the brokerage require and/or recommend for its associates?
- How long has the brokerage been operating? How many associates are registered with the brokerage?
- What are the brokerage policies on personal trades by associates?
- Does the brokerage have options for new associates who are looking for mentorship?
- If an associate chooses to leave the brokerage, what are the requisite timelines, costs, or restrictions?
- Does the brokerage have a lead distribution system for associates? Is it free, paid, or both options available?
- Do you follow common-law or designated agency brokerage
- Do you have office meetings? How often? In person, online, or hybrid
- What sales training or coaching is available to new associates? What are the associated costs?
- Who is available to help new associates work through their first few contract? How is that support accessed?
- What compensation plans are available in the brokerage? Do you recommend a specific plan for new associates?
Click here to download a PDF of these questions.
Ready to get started on your journey to becoming a REALTOR® in Alberta? Click here to enroll in area learn’s pre-licensing education courses and get equipped with the knowledge and skills you need to succeed in your real estate career.