Former Realtor looking to only purchase personal investments

[Rhonnie Smith]

I often hear other agents brag that their broker doesn't require them to join the Realtor association. Can anyone share some advice on how I can transition into a company solely for personal investing? That means I can keep my real estate tools (MLS access, contracts, lock box access) without being pressured to produce for my company or maintain Realtor status.

I'm aware of EXP realty but who else is out there? I'm in the state of Virginia. 

[Russell Brazil]

@Rhonnie Smith The contracts are copyrighted materials to the Realtor Boards/Associations. So if you withdrew from the board, you would lose your license to use those contracts. So be aware of that.

Also, most MLS systems has 2 different subscription prices. As a Realtor board member, you are typically paying a discounted rate. If you withdraw, then you will have to pay the full amount. So keep that in mind for your calculation. Also Sentrilock and Supra typically have lower fees for realtors as well.

Throughout the midtaltnic, you will actually be pretty hard pressed to find a brokerage that is not an NAR/Board member. Realistically, the only way to do so is to become a solo broker. Then like I mentioned earlier you have those increased subscription costs, but then you will also have to purchase things like your e&o insurance yourself.