Investor · Orlando, FL · Member since 2015 · 9 posts · 4 votes
I am looking for broker firm in Florida (currently living in Orlando,FL) that I can hang my real estate license. Unfortunately my schedule does not allow me to do real estate full time. I have some prospects who are looking to buy/sell homes in the near future. I figured I could at least earn some extra funds with the referral system.
Would gladly appreciate if anyone here recommend any broker here in Florida that would assist me in what I am looking to do with my license.
Real Estate Agent · VA · Member since 2008 · 420 posts · 175 votes
9y
@Nush Sivothayan if you are looking to build this as a business then your best bet will be to hang with a franchise (i.e) Keller Williams, Remax, etc. I am currently affiliated with Keller Williams and they have by far the best training and methods hands down. They are on the pricey side so if you are looking for splits KW charges 70/30 if you join a team it might be less split (70 going towards you btw.)
If you are looking just to do it part time, I would recommend at looking at higher split brokerages that provide some kind of training and support. You will likely have questions when you have to fill out an "AS IS" contract, addendum, etc.
I would suggest before hanging any kinds of license is to ask your prospects some quick questions, like timing and motivation, then follow-up by asking them their financials. Your going to see very quickly in this business that we have to put out more fires with buyers that aren't qualified a home.
Real Estate Agent · VA · Member since 2008 · 420 posts · 175 votes
9y
@Nush Sivothayan if you are looking to build this as a business then your best bet will be to hang with a franchise (i.e) Keller Williams, Remax, etc. I am currently affiliated with Keller Williams and they have by far the best training and methods hands down. They are on the pricey side so if you are looking for splits KW charges 70/30 if you join a team it might be less split (70 going towards you btw.)
If you are looking just to do it part time, I would recommend at looking at higher split brokerages that provide some kind of training and support. You will likely have questions when you have to fill out an "AS IS" contract, addendum, etc.
I would suggest before hanging any kinds of license is to ask your prospects some quick questions, like timing and motivation, then follow-up by asking them their financials. Your going to see very quickly in this business that we have to put out more fires with buyers that aren't qualified a home.
Lender · Stuart, FL · Member since 2017 · 112 posts · 37 votes
9y
There is a rise in the shingle shop brokerage, just somewhere to hang your license and you pay a flat fee for each transaction. I think the fee is somewhere between $300-$500 usually I believe most of these you are mainly on your own little to no training, support or leads. But there are so many way to slice it you end up with a lot of variety among brokerages. But as a lender all of my information is second hand.
Orlando/Central Florida · Member since 2021 · 1 post · 0 votes
4y
@Andrew - I am in a similar boat as Nush, but I want to keep my license active, and still continue to have access to the MLS and my local real estate board because I just paid for another year. I have a full time job, so I am just looking to hang my license with a broker, but not be pressured into generating leads/sales because my main goal is to become an investor and still have access to the MLS. Would the no-fee brokerage you are at be a good fit?