Denver Metro Area Brokerages to Hang License With

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Denver Metro Area Brokerages to Hang License With

Matt Hiltner
Littleton, CO · Member since 2015 · 3 posts · 0 votes

Hi BiggerPocket Members!

I have just about completed my classes to get my Real Estate License in Colorado and am on the hunt for a brokerage to hang my license with, and would appreciate some advice and see if anyone has suggestions on a brokerage that would be a good fit.

Here is my background. I have been investing, on a small scale ($15K-$50K per year) in real estate for the last 5 years, so I am not green on the subject of real estate. I still work a corporate job but I work from home and my hours a set by me, thus allowing me time to pursue other things, ie. real estate.

I am looking for a brokerage in the Denver Metro Area (preferably not North of Downtown Denver)  that has good training and a good support system for new agents, but will allow me the freedom to continue to invest in real estate personally.  Also, because my wife is unable to work because of medical issues I would need a brokerage that is okay with me having another full time job until I can replace the income of my full time job. I realize that as an agent I will not be working a 9-5 schedule and need to be available to my clients at all times. That part will not be an issue.

I would really appreciate some guidance and suggestions from anyone who can help.

Thank you in advance!

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  • Dan MackinBusiness Member
    Real Estate Agent · Erie, CO · Member since 2014 · 1k+ posts · 512 votes
    10y

    My big question for you here is what is your overall goal? Do you want to leave the 9-5 to become a full time broker while doing some investing on the side? Do you just want to have your license to invest and help some friends out once in a while?

    720-466-3378
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  • Matt Hiltner
    OP
    Littleton, CO · Member since 2015 · 3 posts · 0 votes
    10y

    Thanks for joining the discussion Dan.

    I eventually want to leave my 9-5 to become a full time broker and just have some an investments on the side. 

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  • Dan MackinBusiness Member
    Real Estate Agent · Erie, CO · Member since 2014 · 1k+ posts · 512 votes
    10y

    Well Matt, you're always welcome to interview us and see if we'd be a good fit. Home base is Denver. Send me a message if you want more info.

    720-466-3378
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  • Bill S.Pro Member
    Moderator
    Rental Property Investor · Denver, CO · Member since 2013 · 4k+ posts · 2k+ votes
    10y

    @Matt Hiltner unless your current day job is in some sort of sales, you will likely find the broker route pretty challenging. Not to say you can't be successful with it, but most agents washout. The hours stink as well. You are working when everyone else is off work.

    I think Keller Williams has a good reputation as a brokerage that trains new agents well. I started there, but only got my license for my own deals. I have done a few deals for others along the way so having a license has been a good thing.

    The secret is that nearly every brokerage will hire you. They are structured so that if you produce they get paid and if you don't produce you pay them.

    The approach is to interview them. Also be aware that each office is a bit different. So there might be an office that says they don't want part timers but another office with the same company will welcome you with open arms.

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  • Matt M.
    Realtor · Denver, CO · Member since 2013 · 2k+ posts · 1k+ votes
    10y

    x2 on what @Bill S. said. Start with KW for their training and programs. You get out what you put into them. You might look at joining a team to get some transactions under your belt. 

    Once you have a good foundation, then you can stay or look at a brokerage with a lower cap and better split.

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  • Adrian Tilley
    Residential Real Estate Agent · Broomfield, CO · Member since 2013 · 390 posts · 125 votes
    10y

    @Matt HiltnerDepends on what you want to learn.  I'm with a "low cost" brokerage - Broker's Guild.  It fits my needs fine in that it doesn't cost anything unless you do a transaction, then it's a small flat fee.  I didn't feel I needed that much "training".  I'm not sure what there would be honestly, but maybe I'm missing out.  I've referred several people from BP there.  I've found the support to be great, but if you need hand-holding, or want to learn about how to "market to your sphere" as an agent, one of the other brokerages might be a better fit.

    PM or call if you want more info.

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  • Mindy JensenPro Member
    BiggerPockets Money Podcast Host · Longmont, CO · Member since 2014 · 7k+ posts · 10k+ votes
    10y

    I, too went with a low-cost brokerage firm. I still get training, my employing broker is awesome. I work with Equity Colorado, and we have offices in Denver and Niwot. There is a low, monthly desk fee, low per-transaction fee and they cover your E&O insurance.

    [email protected]Podcast Guest on Show #261
    BiggerPockets
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  • Matt Hiltner
    OP
    Littleton, CO · Member since 2015 · 3 posts · 0 votes
    10y
    Originally posted by @Mindy Jensen:

    I, too went with a low-cost brokerage firm. I still get training, my employing broker is awesome. I work with Equity Colorado, and we have offices in Denver and Niwot. There is a low, monthly desk fee, low per-transaction fee and they cover your E&O insurance.

     Thanks Mindy! I just sent you a PM.

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