The wife is finishing her classes for her real estate license for purposes of our investing. We're looking for a brokerage that has no sales goals/quotas (or 1 sale/yr to maintain active status), no or minimal monthly fees, flat fee, no expectations of meetings or working from an office, but enough of a presence to answer basic questions as needed.
If you have any folks you'd like to recommend that meet all (or most) of the criteria above, please share. Thanks
@James Evertson - in my area there’s one called RealtyMark and another called Homesmart. Fees are $50-75/month and you pay $300-650 per transaction or 10-15% on Rentals. A $250k transaction at 3% would give $7500 commission. At 36/64 Keller Williams, the company/franchise takes $2700 of the total. So if you do one deal you’re better off with the flat fee place. Maybe a small company not tied to NAR would work for your wife because then you’re not forced to join NAR at $500-600/year. As a newbie agent, a bigger firm was nicer (just say you plan to be full time) because of all the great technology and training. BHHS Berkshire was $600-650/yr flat plus a 54/46 split. Each brokerage is different with its fees, even with the same name like REMAX.
Contact Adam Williams. He is an investor friendly broker.
Thanks. Does anyone else have recommendations they will share?