Investor · Cleveland, OH · Member since 2011 · 603 posts · 130 votes
My wife is going to be getting her real estate license for the obvious benefits - we can get access to houses instantly, make offers instantly, MLS access, save on commissions ect...
Will she have trouble finding a broker to sponsor her if shes only going to be doing 15-20 deals a year with me? She wont be making a career out of real estate and is not looking to go into any office. Are there brokers out there that would work with this scenario?
@Adam Craig I know some realtors that are part time and don't do many deals. Try looking into a few mom and pop brokers. Some charge less in fees. Also, brokers know that a lot of newbie agents will not make many deals in the beginning.
Great idea and it gets that family involved. No matter if you are a 100k or 100mil dollar broker, there is a home for your wife. You'll need to do some research in your area, I'm not familiar enough to know any specific broker but any of the breakaway or affiliated "with" brokers will always help. They usually have a minimum of 1 closing/year. Just keep in mind, the less you sell/buy the less you get to keep from the commission.
In most cases in my area, we sign up for MLS and pocket listing access. At the end of the day, with 1 or 2 deals a year we are breaking even on commissions with the cost of MLS and hanging the shingle. If she closes with a friend or family member, that is a bonus. The better benefit, is the access. Goodluck and let me know if this helps. Search for some contacts in your area.