Finding the best sponsoring Broker.

7 Replies

Hey there! My name is Jose Montero and i just obtained my real estate license(18YO), i wanted to know what are the features or benefits i should be seeking from my initial partnership. I am inexperienced in the actual practice and would love to get some sort of hands on training. spectating or shadowing day-to-day real estate transactions  and become familiarized with everything maybe start getting the hang of things. what are the best benefits a broker could offer for my personal development . i am eager to start but i know i have to be careful with who i choose.   thank you so much in advance.  

Training, assign a mentor, what admin/desk duty do you have to do and mostly importantly do you have a problem with me investing as a licensee. 

@Jose Montero

Welcome. 

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). Find out where the agents hang theirs and why. Find them through Google and meetup.com

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul

You've already received some really good advise in this thread. Having trained 100+ commercial agents as owner/broker/manager of a large national brokerage company I can add to the conversation about key points you'll want to ask/know about when interviewing brokers. In my opinion, the most important thing you will need to know before agreeing to work with a company is who will serve as your mentor, what their production is like year in and year out, what the mentor will get out of the mentorship, and most importantly meet and spend time getting to know the mentor before signing up to work with/for s/he. Here's some additional stuff In order of importance: 1. Training. You should ask what type of training will be provided as part of your agreement to align your license with this company. a) Ask for a thorough explanation of what the training program entails, it's length, and who is doing the training. b) ask them to show you the training materials. c) ask about the production of the trainer currently or when they were producing if they're now only managers. d) ask to meet with the sales manager if that's a different person than conducting the interview. Best if luck!