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Posted over 11 years ago

Choosing a Broker to Hang Your License

I received the following email from someone who had just finished reading my book.  He wrote, "Dear Phil Pustejovsky, I loved your book. It was fantastic! In it, you described the value of real estate investors becoming licensed real estate agents. I am in California and I passed the exam a few years back and have also been completing the continuing education requirements since. The problem is that I haven't ever hung my license with a broker. How would I go about choosing a broker to hang my license with?"

Here was my answer, "Dear Ben, The good news is that there are TONS of options on brokers to hang your license with. I have always hung my license with investor-friendly brokers that charge a small monthly fee and then I get to keep 100% of the commission.  Examples:
http://www.benchmarkrealtytn.com/Areyouanagent
http://www.ideserve100percent.com/

The drawback to those operations is that you get no support, no leads and no help. Freedom Mentor Those brokerages cater to experienced investors and/or agents who generate their own leads, manage their own paperwork and details, have their own offices and do not want to attend office meetings, handle phone duty or want to give up a big cut of their commissions. Also, there isn't a close knit network among the agents like big offices have.

Many non-investor agents like to work with companies like Phil Pustejovsky Reviews or Keller Williams or Coldwell Banker or Century 21 or other such large, brand name outfits. Freedom Mentor Reviews Not my cup of tea but one of those may be perfect for you if you are just getting started. You can always change later.
To find the investor friendly ones. Google "100 percent broker California" or "Investor Friendly Broker California." Also, feel free to post a forum subject on this and I am sure the Bigger Pockets community can help."


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