Becoming an agent for own deals only near Philadelphia, PA

4 Replies

I am probably going to sound naive here, but I have thought about becoming a RE agent so I can handle my own showings and deals. (don't want to lose deals due to slow agent response due to THEIR schedule.) I talked to one brokerage and I simply am not interested in having a job with a boss and sales meetings/quotas. I already have a part time marketing communications business (Self employed so flexible) and part time real estate investing business.

What is the disadvantage to a broker taking on someone like myself for only a handful of deals a year? And would anyone be interested in that relationship? 

Originally posted by @Jocelyn Canfield :

I am probably going to sound naive here, but I have thought about becoming a RE agent so I can handle my own showings and deals. (don't want to lose deals due to slow agent response due to THEIR schedule.) I talked to one brokerage and I simply am not interested in having a job with a boss and sales meetings/quotas. I already have a part time marketing communications business (Self employed so flexible) and part time real estate investing business.

What is the disadvantage to a broker taking on someone like myself for only a handful of deals a year? And would anyone be interested in that relationship? 

Hey Jocelyn. Most places will want you to do business and bring commission income, plain and simple. Whether it's for your own deals or not, they pretty much only care about you helping their bottom line. There are a lot of agents out there that do only a few deals a year and only a few agents out there doing a lot of deals. 

I would certainly avoid somewhere that has a desk fee if you can...otherwise there will be a lot of pressure to keep the dealflow up. Message me if you want to chat, I'm in Delaware county.

Hi @Jocelyn Canfield , it's funny you mention this today. I was just talking to @Charles Patterson about this in another forum post I wrote a few months ago. Here is that post and I hope it helps you too: 

Hi Chad,

I hang my license with a company called the Virtual Realty Group. They are (as the name states) a virtual office that basically has a sponsoring broker in each state and fulfills all the legal requirements but that is it. They give you signs and business cards and some marketing assistance but you are mostly on your own if you were trying to do any retail buying or selling. With MLS access, I pay $700 a year total to hang my license there. Then they charge $375 per transaction regardless of amount. Very reasonable.

Give them a call. I definitely recommend it. 

Originally posted by @Rich O'Neill :

Hi @Jocelyn Canfield, it's funny you mention this today. I was just talking to @Charles Patterson about this in another forum post I wrote a few months ago. Here is that post and I hope it helps you too: 

Hi Chad,

I hang my license with a company called the Virtual Realty Group. They are (as the name states) a virtual office that basically has a sponsoring broker in each state and fulfills all the legal requirements but that is it. They give you signs and business cards and some marketing assistance but you are mostly on your own if you were trying to do any retail buying or selling. With MLS access, I pay $700 a year total to hang my license there. Then they charge $375 per transaction regardless of amount. Very reasonable.

Give them a call. I definitely recommend it. 

Rich, this is exactly what I wanted!!!  I am happy to pay a transaction fee like this. the ability to get inside properties is my priority. I have lost several good deals due to agents moving like sloths. so you have your license and use this company as your broker? can I talk to you for 10 minutes sometime? thanks!! 

Originally posted by @Jocelyn Canfield :
Originally posted by @Rich O'Neill:

Hi @Jocelyn Canfield, it's funny you mention this today. I was just talking to @Charles Patterson about this in another forum post I wrote a few months ago. Here is that post and I hope it helps you too: 

Hi Chad,

I hang my license with a company called the Virtual Realty Group. They are (as the name states) a virtual office that basically has a sponsoring broker in each state and fulfills all the legal requirements but that is it. They give you signs and business cards and some marketing assistance but you are mostly on your own if you were trying to do any retail buying or selling. With MLS access, I pay $700 a year total to hang my license there. Then they charge $375 per transaction regardless of amount. Very reasonable.

Give them a call. I definitely recommend it. 

Rich, this is exactly what I wanted!!!  I am happy to pay a transaction fee like this. the ability to get inside properties is my priority. I have lost several good deals due to agents moving like sloths. so you have your license and use this company as your broker? can I talk to you for 10 minutes sometime? thanks!! 

 Of course! Send me a PM I will give you my number. 

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