RE (Investor) Agents - Which brokerage do I choose?

6 Replies

Hello! I just renewed my Florida RE license today and recently relocated to Gainesville and am planning on finding a brokerage to hang my license at. My primary goal of having a license is to use it to my own advantage as an investor, rather than making a living as an actual RE agent helping to buy/sell homes. Granted, if friends/family want my assistance I'm not going to turn them down.

That being said - as an investor with a license - what types of brokerages do you look for? Does it depend on what type of investing you're wanting to do? Does it matter if it's a brokerage in the same city? What criteria do you look for? What kinds of questions should I be asking?

Thank you!

Dirk, it really depends on the level of assistance you want and the volume of deals you do. As a fellow Investor/Agent I use a low cost brokerage, like Equity, where you pay a small flat fee per transaction.  Equity charges $400 per transaction if I remember right. Thats a lot better than normal 80/20 split at full service brokerages. One important thing to investigate is the automated services your brokerage will provide to you for those fees. Having things like premium access to docusign or automated form generation services is a force multiplier when shooting offers out. 

Dirk,

Find one that has agents/brokers with similar aspirations as you.  My broker(and most of his agents) deals mostly in MF/commercial real estate in San Diego county which is what I want to specialize in.  Perhaps look at as searching for a team not just a broker.

Thanks guys, both good points. Appreciate the feedback! Going to check out an investor brokerage this Saturday who hosts's ARV practice evals a few times a month.

@Kyle Bergren , good point about having access to automated services and software. Just wondering could one purchase

premium access to docusign or automated form generation service on their own?...and if so how much would that cost?

Originally posted by @Dirk Fisher :

Hello! I just renewed my Florida RE license today and recently relocated to Gainesville and am planning on finding a brokerage to hang my license at. My primary goal of having a license is to use it to my own advantage as an investor, rather than making a living as an actual RE agent helping to buy/sell homes. Granted, if friends/family want my assistance I'm not going to turn them down.

That being said - as an investor with a license - what types of brokerages do you look for? Does it depend on what type of investing you're wanting to do? Does it matter if it's a brokerage in the same city? What criteria do you look for? What kinds of questions should I be asking?

Thank you!

Hi Dirk

I don’t know if you’ve already chosen a broker but Exit Realty actually deals a lot with investors and I know that their agents and broker are also investors themselves. They also have a monthly meeting for the real estate investors group here in Gainesville so you may want to check them out to see if that might be a good fit. Robert Haynes is leading the group.

@Dirk Fisher

Go to a few and see if they match your personality- 

Do you need training? 

Are you looking for a mentor? 

Are you looking for just a fee per transaction, or a split?

Are you looking for an investor friendly brokerage? 

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