Newly Licensed Agent In Philly! Want to choose the right broker...

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Newly Licensed Agent In Philly! Want to choose the right broker...

Moshay Laren
Philadelphia, PA · Member since 2015 · 51 posts · 3 votes

Happy Saturday BP family, 

I just made transition, well not exactly a transition, rather added another hat! -- guess that explains my oversized head! Lol! I've been an investor for 2 years  and recently obtained a sales license. I love the investment side of things, holding and wholesaling, but as you know wholesaling can be really good and quite the opposite depending on the market. That said, I thought now would be a good time to get my feet wet from the sales perspective. As a 17 year radio broadcast personality [Backstory: I was laid off from my job as a full-time DJ in 2013 and decided to change careers, focusing 100% on real estate] -- I'm a great communicator and people connector with a big personality! Not to mention, I can sell water to a fish. Well, since passing the exam I have been wooed by brokers, promising everything but the kitchen sink to get me to work for them. I've been on about 3 interviews and now I'm just outright confused as to where I should hang my hat. 

My career goals are to be a part of team, not a shark in shark pool, with great training and mentorship. Oh and I should mention, I want to focus on higher end real estate! And I'm open to your recommendation of brokers. 

Help!!!! What to do? Where to go? I want to make the right decision. 

Thanks in advance!  

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Kevin Delaney
Investor · Feasterville Trevose, PA · Member since 2015 · 107 posts · 31 votes
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I'm with Keller Williams.   Love it.  Great training available.   Low desk fees.  Awesome all around program.  Call me if you have any questions.

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  • Kevin Delaney
    Investor · Feasterville Trevose, PA · Member since 2015 · 107 posts · 31 votes
    11y

    I'm with Keller Williams.   Love it.  Great training available.   Low desk fees.  Awesome all around program.  Call me if you have any questions.

    1Reply
  • Moshay Laren
    OP
    Philadelphia, PA · Member since 2015 · 51 posts · 3 votes
    11y

    Hi @KevinDelaney ! Thank you for responding. I most certainly will give you call. Please send number. Thank you

    @Kevin Delaney

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  • Victoria Winters
    Laguna Beach, CA · Member since 2014 · 263 posts · 140 votes
    11y

    @Moshay Laren

    Hi Moshay,

    Reading your post is an absolute delight!  I can hear your enthusiasm from the words on the page. Congratulations on getting your license!  In response to your quest for broker recommendations, I recommend interviewing some independent brokers in addition to the large franchises.  Working with a broker who operates a business that is in concert with your goals will enhance your learning and help to guide you in the direction you want to go.

    Because real estate is a socially oriented business, you can easily build your own team designed around your personal business goals.  The best thing about the position you are in currently is the multitude of choices available.  Working from the top down is always preferable to the reverse of that equation.  

    Please keep everyone here at BP up to date on your emerging story.  I am fascinated and wish you all the success that you can create. 

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  • Moshay Laren
    OP
    Philadelphia, PA · Member since 2015 · 51 posts · 3 votes
    11y

    @Victoria Winters thank you for responding and your generous counsel. Independent brokers -- I will most definitely reach out to a few as I've not interviewed with any thus far. I will keep you guys updated. My goal is to make a decision by the first week of May. 

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  • Jim HoganPro Member
    Investor · Malvern, PA · Member since 2014 · 108 posts · 42 votes
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    Moshay,

    Congrats on becoming a realtor. I just became one in August. I figured if I was going to flip properties I might as well keep some of the money. I loved Gene my realtor, but I have kids in college, too. My advice is make sure that either you can list your properties or that you partner with someone that will list in his name and lets you collect your commission. Probably confusing, but for E&O reasons my office at Berkshire Hathaway does not want the property listed in the owners, my name. My team leader puts in his name and I manage the listing, paperwork, open houses ect. I collect my commission. It works well for me. You may want to talk to your previous agent to see why he likes his office.

    Jim

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  • Moshay Laren
    OP
    Philadelphia, PA · Member since 2015 · 51 posts · 3 votes
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    @Jim Hogan thanks for the insight! In fact, I am narrowing down my decision and BHHS is so far in first position. 

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  • Krista Campbell
    Realtor · Coral Springs, FL · Member since 2015 · 22 posts · 3 votes
    11y

    @Moshay LarenCongratulations, Moshay!  I've been in Real Estate this last time since 2013 and was an agent back in 2005 for a few years.  I've recently associated myself with eXp Realty.  I can't say how excited I am about this company.  The business model is incredible and the technology they offer is cutting edge. 

    Please feel free to contact me, we have offices all across the country and are able to collaborate easily with our cloud office.  

    Take a look at my career site if you'd like to find out a little more:

    http://kristacampbell.exprealty.careers/

    You can give me a call at 571-436-5104.  I look forward to hearing from you.  Again Congratulations!

    Krista Campbell

    0Reply
  • Andrew Davis
    Investor · Asheville, NC · Member since 2011 · 833 posts · 499 votes
    11y

    @Moshay Larencongratulations on getting your license and turning a potentially bad situation into a great opportunity!

    I'm an active investor/agent and have experience with several different brokerages.  I'd be happy to share my experiences with you, give me a call whenever!

    0Reply
  • Bill Bodziak
    Real Estate Agent · Bloomfield Hills, MI · Member since 2014 · 117 posts · 30 votes
    11y

    Congrats! I was in the same situation a few months ago. I chose a large Coldwell Banker office in my area. The managing broker is great and very accessible. The training is solid, if you take part in it. While the large franchise brokerage may not be for me in a few years it currently provides me the framework to get the selling side of my business rolling strong... 

    Good luck!

    0Reply
  • Sharron Menninger
    Winchester, MA · Member since 2013 · 7 posts · 0 votes
    11y

    I'm also an investor/agent and also struggled deciding what type of agency would be the best fit--especially because I continued to be an active investor.  I decided to join up with an investor friendly agency where all the agents are also investors.  Is that an option to check out in your area?

    0Reply
  • Moshay Laren
    OP
    Philadelphia, PA · Member since 2015 · 51 posts · 3 votes
    11y

    @Krista Campbell Thank you for the recommendation! I have settled on Berkshire Hathaway. The allure for me as a new agent is the up training programs they offer. I don't know if this is my forever, but I feel like it's a good fit and place to start.

    @Andrew Davis Thanks for your input and offer to answer questions. I am sure I will have plenty and will take you up on the invitation to pick your brain. 

     @Bill Bodziak Yes I chose a big agency too for the all the same reasons. The training is an invaluable resource as I build my sales career and if I feel I need to venture out later on I have the freedom to do that. Thanks for your input! 

    @Sharron Menninger Hi Sharron! No I had not explored that option fully. But I was very open with my new broker explaining my goals as an investor. He too is an investor so he was very understanding and supportive. 

    @Victoria Winters As per your request, wanted to follow up to tell you that I've decided on a broker.  I will be hanging my hat with Berkshire Hathaway / Team Damis. I'm eager and excited to get started. Thanks again for your counsel. 

    1Reply
  • Victoria Winters
    Laguna Beach, CA · Member since 2014 · 263 posts · 140 votes
    11y

    @Moshay Laren

    Thank you for providing everyone the update about your broker choice. It is nice to hear you made a choice that provides the opportunity you want for your new career.   All the best to you. 

    0Reply
  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    11y

    Hey @Moshay Laren welcome to BiggerPockets! You've definitely come to the right place to learn more about investing. If you haven't yet, be sure to check out the The Ultimate Beginner's Guide to Real Estate Investing and The BiggerPockets Podcast. They are both great at learning the fundamentals.

    Oh - and don't forget to set up your Keyword Alerts!

    See you around the site!

    Podcast Guest on Show #92
    0Reply
  • Gino Forte
    Investor · Miami Lakes, FL · Member since 2015 · 65 posts · 5 votes
    11y

    @Moshay Laren

    Greetings from Miami, FL and welcome to the BiggerPockets community! I highly recommend that you check out ALL of the BP podcasts because they contain a lot of valuable and insightful information that will help you expand your business.

    0Reply
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