Updated 2 months ago on . Most recent reply
Recently got real estate license
Hi, I recently passed my state exam. The reason I got my license is not to be a sales associate in the traditional sense, I am looking to invest and essentially pay back myself in investment deals that I make. What's a good way to go about looking for brokerages that would provide good training for investment minded real estate agents, with good commission splits? Or if you started out like me what are some lessons learned? I'd like to be more part of a team of investors who I can learn from more than anything; I just want to get in the game. All the brokerages Ive talked to so far are more focused on getting leads through a CRM and trying to close on leads for a client, but that's not quite why Im in the business.
Side note: I also have a full time job, but I work from home so Im flexible in still being able to meet virtually on a periodic basis with the broker.
Most Popular Reply
In in Florida as well (but in Tampa) and I'll share my story. I've always been a banker/lender and own a mortgage company, but during the last crash, I started this company to do commercial bridge lending and non-performing loan purchases. We also started doing small flips. My wife has a degree in design and she was handling the rehabs for us. With our first two flips, we engaged agents to sell them, but they were pretty worthless. They slapped the properties on the MLS and, well, that was it...and they made more than I did on the deals. I looked at my wife and said "honey, why don't you get your license"...and she did. She was fantastic as with her background she new building code inside and out, the construction and real estate process, all about mechancials, etc. Now, here's the part where I get to my point with you. She had a childhood friend that was a real estate broker...a guy that really knew his stuff. She joined him and he really mentored her on the fine points...all about the contracts, the tricks of the trade, etc. She studied and worked hard at it constantly honing her craft. She not only handles all our stuff, but she's working with several serious investors and builders. I got my license as well to help. For you, I think the choice of a mentor is more important than the choice of "ReMax, Century 21, etc". With our mortgage company, we are constantly working with agents that had no real estate background and passed a test...that's it. If you're going to do it, you need to find a mentor that can really teach and is generous with their knowledge and you need to take responsibility and hone your craft constantly. That is my story and advice for you. Good luck!



