Business Broker Representative
Company: Business Team, Inc.
Location: San Francisco
Posted on: April 22, 2024
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Job Description:
Match buyers and sellers of small companies (up to $100M
revenue). Work with attorneys and accountants to facilitate the
sale. Requires motivated problem solver. Sales, financial or
business background desirable but not essential. Complete training
and mentor program are provided.This is a commission-only position.
Candidates must demonstrate an ability to support themselves during
the start-up phase, generally four to six months.Why Become A
Business Broker/Intermediary
Commissions from a single transaction can exceed $500,000.
Associates are independent contractors in charge of their own
schedules (and performance).
Helping sellers achieve liquidity and a fair price for their
business, helping buyers successfully realize the American Dream of
business ownership.
Negotiating and interacting with business owners, lawyers, CPA's
and lenders. Become knowledgeable about a wide variety of
businesses.Why Choose Business TeamThe largest and oldest business
broker in the Western United States which means more listings, more
buyers, more deal flow and more repeat business.Exclusive on-line
listings that attract 1,000's of additional buyers each
month.Exclusive, secure web site accessible only by Business Team
associates, allowing instant access to all critical information
from any location.Extensive remote (Zoom) training on business
valuations and mergers and acquisitions.Mentor program - A new
associate partners with a senior associate to help him or her
rapidly gain competence, confidence abd client credibility.Do I
need any license?
Yes, a real estate license is required in most states within three
months of joining. We recommend online classes because they are
quick and inexpensive.How long is the training?
The mentor period is generally three months, the remote training is
two to three months.How does the mentor program work?
The new associate partners with a senior associate (5+ years
experience) and shares the work and fees on a 50/50 basis.Are there
any costs?
Yes. Business Team pays for operational expenses, including
advertising, admin support and supplies. Associates pre-pay $1,000
for personal marketing (exclusive telemarketing and/or mailing)
provided by Business Team.How long will it take before I close my
first transaction?
Generally four to six months.How much money does the average person
make?
There is no average. Our top associates earn in excess of
$500,000/year. A few fail and the rest fall in between at their
personal income comfort level. Most associates earn more each
successive year.How is the commission divided?
An associate gets from 50% to 80% of the gross selling or listing
commission based on his or her prior twelve month performance.What
are the qualities of a successful business broker?
In probable order of importance they are:
1. People skills, including communication, empathy and listening
abilities
2. Ability to work both as a team member and independently to
prioritize tasks and clients
3. Background and experience. Only one or two of our hundreds of
associates had prior business brokerage experience before joining.
Common backgrounds are prior business ownership, professional sales
and financial.
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Keywords: Business Team, Inc., Novato , Business Broker Representative, Sales , San Francisco, California
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