Managing Broker 101
Channel: REAL University
Date: 2022-08-24

Then this event is for you. This 8-hour, one-day live in-person event is designed to give you the skills, knowledge and confidence in starting you own real estate brokerage.  We will cover all the topics that you want or need to know, including:

MODULE 1 - The Setup
What type of company formation do you need?
What type of brokerage do you want to be?
Professional liability insurance (E&O), do you need it or not?
How to establish your company with the real estate commission and your local REALTOR board
MODULE 2 - The Operations
How to recruit and grow your business
What training do your agents need and want?
Agent retention and how to achieve it?
When to fire an agent and when to promote an agent
Commission splits, the good, the bad and the ugly.
What about company rules and regulations, agent handbooks and more?
The pitfalls of earnest money and how to handle them.
MODULE 3 - The Backroom
Collecting commissions on transactions
Paying commissions to your agents, 1099s
A quick peek at taxes and company reporting to the IRS. 
Documentation retention and what that means to your company.
Dealing with grievance allegations and commission suits.
MODLUE 4 - The Q& A section
Any questions you want to discuss, answered live in person on the spot.