Course Name
Broker Essentials – Module 1: Understanding Your Financial Statement
Course Length
3 hours
DRE Credit
No
Who Should Take This Course
Real estate brokers who are looking to get a better understanding of the various financial aspects involved in running an office.
Course Introduction
Understanding the financial aspects of your office is critical to your success as a brokerage.
In this course you’ll learn what is needed to track income and expenses, key statistics, brokerage metrics, and techniques for creating projections/budgets. You’ll also be introduced to tools that will help you manage your financials more efficiently and get the most benefit from accurate, detailed financial records.
Chapters
1 – Income
2 - Expenses
3 – Production Metrics
4 – Projections/Budgets/Plans
5 – Back-Office Systems
Subjects Covered
- Real Estate Brokerage Income (Commission Split, Desk Fee, Flat Rate, Operational Fees)
- Real Estate Brokerage Expenses (Commission Related, Employment, Occupancy, Advertising, General/Administration, Insurance, Education/Training, Depreciation/Interest)
- Brokerage Production Metrics (Factors Of, Calculating Productivity, Commission Revenue, Profitability, Accountability Metrics)
- Creating Projections & Budgets (Settings Goals, Creating the Plan, Putting the Plan Into Action)
- Financial Management Tools & Back-Office Systems
Upon Completion Of This Course You Will Be Able To
- Determine and track where your income comes from
- Determine and track the expenses that affect your bottom line
- Analyze your financial statements to determine the overall financial success of your office
Prerequisites
None |
