Addison, IL · Member since 2018 · 3 posts · 0 votes
Hi Everyone!!
My Name is Muhammad and I just passed the Real estate broker exam last week in Illinois. Very excited to start this new chapter in my life, I will be working as a part time realtor for now.
I am trying to find a broker who provides good training for new agents which will fit my part time schedule (After 4 pm and weekends). I have seen some brokers asking for monthly fees for office space and some asking for a pretty hefty commission split. Although commission is not everything, I am trying to find something reasonable.
I have so far looked at Exp Realty, Keller Williams, Baird & Warner (Interviewing with them soon). Kale Realty & HomeTown Realty seems like something suitable for experience agents as they offer a 100% commission split but not much training.
I am located in Northwest suburbs of Chicago and looking for something locally. I was trying to see if anyone here went through this recently? any help is much appreciated.
Real Estate Broker · 3412 S. Harlem Avenue Riverside, IL 60546 · Member since 2015 · 6k+ posts · 5k+ votes
8y
@Muhammad Khan congratulations on getting your license. Are you planning on working with investors, or with traditional buyers and sellers? This makes a big difference as many of the big "brands" have no training that will help you understand how to figure out a cap rate or cash on cash returns. I chose to work with the brokerage I am with because I work with a team that understands investing. Most of my business in the Berwyn/Brookfield area is with investors, and working with a bigger named brokerage wouldn't help me much. That might not be the case though if I was going the traditional route.
Real Estate Broker · 3412 S. Harlem Avenue Riverside, IL 60546 · Member since 2015 · 6k+ posts · 5k+ votes
8y
@Muhammad Khan congratulations on getting your license. Are you planning on working with investors, or with traditional buyers and sellers? This makes a big difference as many of the big "brands" have no training that will help you understand how to figure out a cap rate or cash on cash returns. I chose to work with the brokerage I am with because I work with a team that understands investing. Most of my business in the Berwyn/Brookfield area is with investors, and working with a bigger named brokerage wouldn't help me much. That might not be the case though if I was going the traditional route.
Addison, IL · Member since 2018 · 3 posts · 0 votes
8y
@John Warren Thanks for the reply, starting off I will be working with traditional buyers and sellers. I have set up interviews with Baird & Warner and Keller Williams to see what they can offer.
Rental Property Investor · Knoxville, TN · Member since 2017 · 160 posts · 107 votes
8y
Hello John Warren
I am currently looking at obtaining my first multifamily property this year and have been looking in the Chicago market.
Would love to connect and potentially work together!