Looking to hang my real estate license with local broker

Flipper · Torrance, CA · Member since 2009 · 12 posts · 4 votes

Hello BP,

I am looking to hang my real estate license with a local broker. I am not looking to work full time as an agent. I just want to use my license to have access to the MLS, buy and possibly sell homes for my portfolio. Can anyone recommend a broker or brokerage firm? Thanks in advance everyone.

0 Reply

85 views

Most Popular Reply

Nick Hedberg

Real Estate Agent · Venice, CA · Member since 2015 · 182 posts · 125 votes

@Allan Ramos - I work out of the Keller Williams in Silicon Beach (Marina Del Rey). We have quite a few part-time agents and the fee structure is really beneficial for new or part time agents. We also have quite a few investors, big teams, commercial agents and a TON of free classes.

If you have any questions let me know and I can arrange an introduction with our manager.

1 Reply

See this reply in the discussion

12 Replies

Jump to latestLatest

Sort by

Nabil SuleimanBusiness Member
Real Estate Agent · Los Angeles, CA · Member since 2016 · 596 posts · 299 votes
9y
@Allan Ramos What are are you looking at? I would love for smaller firms that don't push full time. Also just have little to no expectations for anyone to be available to help.
[email protected]661-904-1725
Atlas Elm | Nabil Suleiman4.47 Reviews
Website View Page
0 Reply
Nick Hedberg
Real Estate Agent · Venice, CA · Member since 2015 · 182 posts · 125 votes
9y
@Allan Ramos - I work out of the Keller Williams in Silicon Beach (Marina Del Rey). We have quite a few part-time agents and the fee structure is really beneficial for new or part time agents. We also have quite a few investors, big teams, commercial agents and a TON of free classes.
If you have any questions let me know and I can arrange an introduction with our manager.
1 Reply
Allan Ramos
OP
Flipper · Torrance, CA · Member since 2009 · 12 posts · 4 votes
9y

Originally posted by @Nabil Suleiman:

@Allan Ramos What are are you looking at? I would love for smaller firms that don't push full time. Also just have little to no expectations for anyone to be available to help.
@Nabil Suleiman
I will be finishing up on a project in the next 6 weeks or so. An ideal house would be an old 2 beds 1 bath 800 square ft house in an A area. Basically looking to buy at land value, do demolition and build from the ground up. Full time is not an option, staying positive that i can find something that suits my particular needs.
@Nick Hedberg
I appreciate that. I'm hoping to find something a little closer (and avoid the 405 fwy) but I will definitely keep you in mind.
0 Reply
Nabil SuleimanBusiness Member
Real Estate Agent · Los Angeles, CA · Member since 2016 · 596 posts · 299 votes
9y
@Allan Ramos
If you give me an area I can suggest a few, But yea smaller brokers would be a win win for you
[email protected]661-904-1725
Atlas Elm | Nabil Suleiman4.47 Reviews
Website View Page
0 Reply
Allan Ramos
OP
Flipper · Torrance, CA · Member since 2009 · 12 posts · 4 votes
9y
@Nabil Suleiman
I don't expect to be looking to make a purchase for another 3-4 months or so. After project is complete I will refinance the house, then will AIRBNB the house and see how that goes. I will be using the funds from the refinance towards the next purchase. I appreciate the offer though.
I am looking at culver city area at the moment. I haven't done my due diligence on that area but there are houses that fit my particular criteria and the numbers work.
0 Reply
Aaron Pfeffer
Lender · Los Angeles, CA · Member since 2015 · 127 posts · 82 votes
9y
Sounds like a lot of liability for a Broker to take on with you for essentially little chance of you actually selling one of your properties or work with any other buyers/sellers in some capacity. There may be a broker willing to take a small monthly fee from you in lieu of ever expecting to receive a portion of your commission. Wish you luck!
0 Reply
Allan Ramos
OP
Flipper · Torrance, CA · Member since 2009 · 12 posts · 4 votes
9y
Originally posted by @Aaron Pfeffer:

Sounds like a lot of liability for a Broker to take on with you for essentially little chance of you actually selling one of your properties or work with any other buyers/sellers in some capacity. There may be a broker willing to take a small monthly fee from you in lieu of ever expecting to receive a portion of your commission. Wish you luck!
Thanks for the advice. The ladder would be the best situation for me. I am assuming other investors with full time jobs who have their license have a similar arrangement with a broker. I do want it to be a win-win situation for the broker and I.
0 Reply
Blake Hudelson
SF Bay Area · Member since 2018 · 4 posts · 1 vote
7y
@Allan Ramos - Did you ever find a brokerage to hang your license? I just passed the CA salesperson exam and I'm looking for an investor friendly brokerage in California too. Cheers
0 Reply
Chloe Blain
Member since 2019 · 1 post · 0 votes
7y
@Allan Ramos Any update on where you chose to hang your license? Currently dabbling in opportunity zone development. Like most folks here, priorities are no mandatory floor duties, investor-friendly policies and fee structures that is not too punitive of part-time agents.
Also looking for a good training program to start off...
@Blake Hudelson Fancy seeing you here!
0 Reply
Blake Hudelson
SF Bay Area · Member since 2018 · 4 posts · 1 vote
7y
Hey @Chloe Blain!
FYI - I ended up hanging my license with Real Estate eBroker:
http://www.reebroker.com/
I have an MLS-only membership where I joined a local MLS but chose not to join CAR, NAR, or local real estate association. I pay a flat fee of $500 for every transaction and $150 for E&O Insurance. This is the best deal I could find.
I would also take a look at Real Broker. I ended up not going with them bc they take a 15% commission out of every transaction.
https://www.joinreal.com/
Hope this helps!
0 Reply
Brenda Yeo
Member since 2019 · 7 posts · 4 votes
6y
Originally posted by @Allan Ramos:
Hello BP,
I am looking to hang my real estate license with a local broker. I am not looking to work full time as an agent. I just want to use my license to have access to the MLS, buy and possibly sell homes for my portfolio. Can anyone recommend a broker or brokerage firm? Thanks in advance everyone.

Hey @Allan Ramos,

I am a licensed agent in CA and I am looking for a MLS only broker. Similarly I'm looking to get MLS access only. Did you eventually join a MLS only broker and would you mind sharing the contact or recommendation with me? Thank you!

0 Reply
Brenda Yeo
Member since 2019 · 7 posts · 4 votes
6y
Originally posted by @Blake Hudelson:
Hey @Chloe Blain!
FYI - I ended up hanging my license with Real Estate eBroker:
http://www.reebroker.com/
I have an MLS-only membership where I joined a local MLS but chose not to join CAR, NAR, or local real estate association. I pay a flat fee of $500 for every transaction and $150 for E&O Insurance. This is the best deal I could find.
I would also take a look at Real Broker. I ended up not going with them bc they take a 15% commission out of every transaction.
https://www.joinreal.com/
Hope this helps!

Hey @Blake Hudelson,

I eventually joined REebroker with MLS only membership last year and they are going ahead with a merger this June that needs their agents to be onboard a realtor association. Were you affected with this change and did you switch to another MLS only broker? If so, would you mind sharing the brokerage you are working with? Thanks

0 Reply

Join the conversationCreate a free account to reply, vote on answers and follow this thread.