Newly Licensed Agent

7 Replies

Hello Agents! I am hoping to get some advice or help here. I have received my RE license a few month ago, and have been looking for some representation that will get me to my goals. A few places include Keller Williams, and Coldwell. I have two experienced buyers family/friends who invest in apartment, buy/hold (fixers), and commercial properties that would love for me to represent them, but I need to understand the paperwork, negotiation, and general business of real estate, next to me wanting to put my studies to work. For the past 5 years I have been working as a professional Speech-Language Pathologist (Masters Degree), and hope to apply all the professionalism obtained through my practice. I currently work from 9-3pm, M-F, and have all school vacations off. I hope to work after (3pm), but I also am flexible during the day, as I have an assistant the supports me. I know there are several ways that I could possible help a team or individual, whether it be hosting open house, or giving up commissions for training, etc. If anybody has any information, or would like to share how we could possibly benefit from one another, I would love to chat with you. 

Thank you for your time, and best of luck!

You are mentioning commercial but then talking about open houses.

Residential and commercial are 2 different worlds. To work on any substantial size deals you need to specialize in either one or the other.

The brokers/agents who do not specialize but tend to be (dabblers) and do a little bit of this and a little bit of that think that a wider net will make them more money. What happens is usually limited success. Since someone is not a specialist they tend to be competing with everyone else for the same type assets. They compete on commission instead of specialization and expertise. The part of the population wanting specialists will generally pay more for their expertise.  

@Joe Camarillo

Sounds like you have a good plan! 

Are you looking where to hang your license? 

Meet with a few, and see who can become a mentor... or training you are looking for

Thank you for the advice @JoelOwens. I plan to stick to more residential type properties. Small multi-units and single family houses. 

@Steve Bracero , thank you for the response. I have been meeting with a few. I have a meeting with a new offer from Keller William here in Sherman Oaks California, who is going to share with me a part-time program that they are putting together. I am continuing to look around, and see who could help me the best with what I am trying to accomplish. 

Thanks again!

@Joe Camarillo

I too am newly licensed and faced the same issue of finding a brokerage that is friendly to part time agents. Well I found a brokerage that fits the bill very well and is super investor friendly. I got my license to further my investing career but now I see it as an opportunity to supercharge my investing with a nice cash flow input from selling. 

I interviewed with almost every brokerage in my area and they all wanted my to quit my job which has a nice guaranteed salary and flexible wok hours (Synthesis Chemist MS degree Chemistry). Talk to all of the places you can and sit down with the broker and just be honest with your goals, they will either work with you or you move to the next one. 

Don't listen to people who say you cant do this or that, anything is 100% possible and I personally know part time agents who make over 100K per year on the side. The biggest thing and in my opinion the most important is that your success is directly correlated to the effort you put into the business you build. If you build crap you will get crap. If you build a solid functioning machine then expect to succeed. Best of luck! 

I'm also newly licensed and went through the same thing you are going through now! I met with several brokerages and just asked a lot of questions and picked the one that I felt was best for me. I think that is the most important thing, just finding a place that you feel is a really good fit and you like all of their policies and feel you can do well! I chose eXp Realty because of their "cloud-based" concept and the revenue share program they have for earning passive income and I really liked the managing broker and the 80/20 commission split they offer. I would encourage you to check out some of their youtube videos! 

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