Real Estate Broker Interview Preparation Guide
Prepare comprehensively for your Real Estate Broker interview with our extensive list of 44 questions. Our questions cover a wide range of topics in Real Estate Broker to ensure youre well-prepared. Whether youre new to the field or have years of experience, these questions are designed to help you succeed. Dont miss out on our free PDF download, containing all 44 questions to help you succeed in your Real Estate Broker interview. Its an invaluable tool for reinforcing your knowledge and building confidence.44 Real Estate Broker Questions and Answers:
1 :: Tell me how many top agents do you have?
Top agents generally sell more than 15 homes in a year. Pay attention to them in sales meetings to learn the most.
2 :: Tell me how accessible is management?
Will you be on your own a lot, or will the sales manager be readily accessible? How often is he or she in the office and can you get a hold of them whenever you need to?
3 :: Explain me examples of marketing materials available to me?
You will need to see for yourself what type of marketing service is provided through the company’s design department, if they have one. Determine how often you intend to use graphic design services for postcards, business cards, online advertising, etc. and get an idea of what the company expects of you and how they provide you with the resources you need to get your marketing handled.
4 :: Tell me what commission level are you prepared to offer me?
Do yourself a favor – don’t ask about commission until the very end of the interview. Your commission split may be negotiable and dependent upon how the manager has determined what your business growth rate will likely look like in the next six to 12 months. Asking this question too soon in your interview can be detrimental; you may unknowingly set yourself up for disappointment when you force the manager to provide you with a low-risk response before either of you have a chance to understand what you can offer to each other.
5 :: Tell me how would you build a client base?
The candidate should provide an outline of what previous marketing plans they have implemented.
6 :: Tell me how do you find seller leads?
It's a sellers market, your lead should have a strategy in place to find and convert seller leads. Possible answers might be PPC ads, social media ads, blogging, marketing flyers, print ads, or lead generation services.
7 :: Do you use any Real Estate databases?
If your brokerage uses any particular online databases, see if this agent is familiar with it or if they have experience using similar databases.
8 :: Why do you want to join us here ___ brokerage?
The interviewee should have a couple of viable reasons of why they'd like to be apart of your team, such as they enjoy the company culture or they believe their skillset would be beneficial to the brokerage. This would be another oppurtunity for the interviewee to convince you why they'd be a great fit.
9 :: Do you know how many agents work out of this office?
Camaraderie with other agents is a plus. You will be expected to bring in your own clients and listings, but there is a lot to learn from those around you.
10 :: Tell me what costs will I incur?
Obtaining your license was the first step towards starting your career. In order to practice real estate sales, you typically need to join your local, state and national Boards or Associations of Realtors, gain access to your Multiple Listing Service, and obtain marketing elements. You may also need to enroll in an Errors and Omissions Insurance policy. The manager should be able to provide you with a breakdown of all costs you can anticipate before providing services as a Realtor.