Hanging my License in Chicago: Any recommendations?

Question

I am an new investor with one property under my belt. As one who loves to continually learn new things, I decided to jump in and get my real estate license. I am finishing the pre-licensing coursework soon and should have my license in the near future. Trying to plan ahead, I am looking for a brokerage that would allow me to be part-time, but would still be willing to teach and mentor. Any suggestions in the Chicago land area or more specifically in the northwest suburbs? Any guidance will be greatly appreciated!

Charlie Cameron · Answer

@Steven Chraca I recommend you take some time to determine what your goal(s) of being licensed are and then check out a few options and see which will best help you achieve that!@

I ended up at eXp Realty because it was the most part time friendly option and very investor friendly.  It enabled me to get great training and support outside of work hours and you're assigned a local certified mentor, mine was fantastic.  I also joined a local team (optional), which adds even more flexibility and support as I need it.  Now that I'm here I'll never leave because I've got multiple streams of income going and there's just amazing opportunity for growth and team building.

But, one model isn't necessarily the best one for new agents, which is why I recommend you write your goals down and then compare your options to see where you should land!  Remember, you're not married to your broker, so see what makes you the most excited and then go fourth and conquer!

Hope that helps.  Happy hustling!

Steven Chraca · Answer

@Paul De Luca @Charlie Cameron that you for the advice! Ironically, right after I made this post I went online and discovered eXp. I was immediately drawn in and binged watched hours of content on the topic. The few things that stand out to is the freedom that an online platform provides and the massive amount of training offered. To me, training and learning is my priority and it certainly seems there is not shortage of it at eXp. Due to my current full time work and other obligations, flexibility is a another key aspect. In this regard, eXp certainty seems to deliver as well. @Paul De Luca like you, Keller's book also got me interested in them and what they have to offer. However, the perks of eXp are hard to ignore. Certainty a lot to consider!

Tony Angelos · Answer

@Tom Shallcross thanks for the recommendation. @Steven Chraca I'd be happy to talk with you and give you my own two cents. I went through the process earlier this year and am happy to share my experience. But honestly, I second what @Charlie Cameron said about determining your goals.

Feel free to shoot me a PM.

Wale Lawal · Answer

@Steven Chraca you are doing the right thing.

Depending on your short term and long term goals, eXp Realty might be a great fit for you.

eXp Realty is very flexible, allow part-time agent and great mentorship program.

Free stocks, Company Revenue sharing with the agents, 80/20 commission split. $16,000 CAP after that it's $250 per transaction, ICON Program and great technologies are few reasons why you may want to give eXp Realty a shot.

Send me a DM or call me if you will like to learn more about what eXp Realty has to offer.

Goodluck.

Steven Chraca · Answer

@Brie Schmidt I would definitely appreciate the opportunity to speak further. I will be sending over a message shortly!

Brie Schmidt · Answer

@Steven Chraca - We have a brokerage that specializes in investment properties, reach out if you are interested in discussing further.

Charlie Cameron · Answer

@Steven Chraca that's awesome man!  Best way to learn about it is directly from an agent who's been in your shoes.  Happy to help however I can.

Steven Chraca · Answer

@Tom Shallcross thank you for the connection!

Paul De Luca · Answer

Like @Charlie Cameron I too ended up joining eXp Realty as a full-time agent for a lot of the reasons he listed, and I don't regret my decision. I initially was set on joining Keller Williams since I had read so many amazing things about their training programs. Plus, I had read books by Gary Keller like the Millionaire Real Estate Investor, Hold, The One Thing, and the Millionaire Real Estate Agent. I considered starting as a part-time agent, and I consistently saw that eXp was more attractive to part-time agents than other brokerages.

Bottom line is you should do as much research as possible on the different brokerages out there (there are many) and make your decision based on what your goals are. Happy to answer any questions about my experience.

Tom Shallcross · Answer

@Tony Angelos just went through the same experience and probably has a few recommendations (although probably more city-focused).

Hanging my License in Chicago: Any recommendations?

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