The first image that usually comes to mind when considering a career in real estate is the residential resale because it is the most popular.
Brian Shew, Sales Manager at Milborne Real Estate Inc., chose another route, new construction condominiums, having recognized the many different fields available in the profession. His next route – obtaining his broker registration. Shew is enrolled in the Broker Registration Education Program of the OREA Real Estate College.
“I wanted to become a REALTOR® at the age of 16,” says Shew, inspired by family members who are also REALTORS®. “I saw them run their business and I thought, hey, I can do this. Becoming a broker was a more recent decision.”
What finally convinced Shew were the opportunities that would become available, such as opening a brokerage and becoming a broker of record.
“It keeps your options flexible,” says Shew. “It’s about flexibility and opportunity.”
What is a broker of record?
Every real estate brokerage must designate a broker to be the broker of record. A broker of record ensures brokerage compliance with the Real Estate and Business Brokers Act, 2002.
Examples of broker of record responsibilities include developing and managing:
• procedures and documents relating to employment of registrants and administrative staff
• training programs focused on performance management, skill enhancement, and professional development
• proper management and control of all accounting documents and records, including retention of such records
• business plans/budgets based on brokerage need and circumstances
• standards and risk management procedures to minimize errors, negligence, and misrepresentation regarding services provided
To become a real estate broker, a salesperson must complete the Broker Registration Education Program offered by the OREA Real Estate College. For more information, go to http://www.orea.com/en/OREA-Real-Estate-College/Become-a-Real-Estate-Broker.
If you’re a broker or considering becoming a broker, tell us why.