Interview a real estate agent operating in your city. Ask the agent if training

Question

Interview a real estate agent operating in your city. Ask the agent if training is available for new salespeople. If so, what does it consist of and how much does it cost? Is there a mentor program for new agents? How are commissions split among agents? How much do agents have to pay for MLS fees, errors and omissions insurance, Realtor fees, marketing fees, desk fees, and other office fees? How many agents work for the brokerage firm and how long have they worked there as independent contractors? What is their typical annual income from commissions? Are agents required to work in the office at set times? Does the firm have a website? How do agents determine listing prices? Ask about current trends in the number of listings, sales prices, time on the market, and the number of sales. Are agents assigned to certain farming areas? Ask the agent about the future outlook of the real estate profession Ask other related questions.

Explanation / Answer

Interviewer: Hello Mr (X - assumed name of the real estate agent) how are you? Can you tell me if you have training available for new salespeople?

Mr X: Yes

Interviewer: What all is included in the training module and how much it costs per candidate?

Mr X:..........

Interviewer: Mr X is there a mentor program also in the training module for new agents? How is the commission split and distributed among the agents?

Mr X............

Interviewer: How much do agents have to pay for MLS fees, errors and omissions insurance, realtor fees, marketing fees, desk fees, and other office fees?

Mr X.............

Interviewer: Thank you Mr X for the detailed information. Can you also let me know how many agents work in your brokerage firm and how long they have worked as independent contractors?

Mr X...........

Interviewer: Thanks. What would be their typical annual income from commissions?

Mr X..........

Interviewer: Mr X are the agents required to work at set times from the office or have flexible timings?

Mr X.........

Interviewer: Mr X I am sure your firm must be having a web site? How do agents determine listing prices, ask about current trends in the number of listings, sales prices, time on the market, and the number of sales?

Mr X.........

Interviewer: Thank you very much for the information. Are the agents assigned to certain farming areas also?

Mr X........

Interviewer: Mr X, I really appreciate and grateful for your candid replies to all my questions. I am sure readers, viewers and prospective real estate agents will greatly benefit from all the valuable information and inputs you have given.

Interviewer: Mr X, before parting, I would like to know your views on the future outlook of the real estate profession.

Mr X..........

Interviewer: Thank you very much Mr X. Would you like to say something to those who are interested in joining this profession as sales agents? They would be delighted to hear from you.

Mr X...........

Interviewer: Many thanks Mr X for your time and valuable inputs.

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