All Forum Posts by: Marie Martin

 No, you have to operate for two of the last four years under a broker as a licensed real estate agent, then go through broker licensing and exams before becoming an associate broker under a responsible broker.

Unfortunately, STR is not exempt. It is engaging in real estate activity, and so is co-hosting. All of it requires a real estate license and operating under a broker. I fully researched everything, got licensed, now ready to go under a broker. Just not clear on what to ask for compensation.

 I am trying to make the best of a requirement in my state that one has to operate under a broker. So as a licensed real estate agent I can't operate independently. There's going to be a loss no matter what, so trying to sell the fact that I bring a lot of expertise from having operated on my own (before I was aware of the legal requirements to be under a broker). Just not sure where to start in asking for my cut.

 We have to operate under a broker even if licensed as a real estate agent.

Hello! I’m an experienced property manager/licensed real estate agent trying to develop a proposal for my management fees for starting an STR branch for a big name agency. I’m bringing a portfolio of STR clients with me and am an experienced property manager ready with all the channel management software and integrations running and wrenches already worked out, ready to build new listings and find clients for this agency. They have the accounting and marketing systems in place to make this a big success in a relatively untapped market. I’m thinking my split on a 20% fee of owner’s STR rental income would be 75% + a finder’s fee for new clients of $1000 or 1% of first year’s 20% rental fee (whichever is greater) + 90% of the $1500 listing setup fee which covers all the work of creating the listing, coordinating the photography, on-boarding to channel management and dynamic pricing software + referral fees on rental properties that go to list. Am I in the right ballpark? Suggestions are greatly appreciated!

Hello! I’m an experienced property manager/licensed real estate agent trying to develop a proposal for my management fees for starting an STR branch for a big name agency. I’m bringing a portfolio of STR clients with me and am an experienced property manager ready with all the channel management software and integrations running and wrenches already worked out, ready to build new listings and find clients for this agency. They have the accounting and marketing systems in place to make this a big success in a relatively untapped market. I’m thinking my split on a 20% fee of owner’s STR rental income would be 75% + a finder’s fee for new clients of $1000 or 1% of first year’s 20% rental fee (whichever is greater) + 90% of the $1500 listing setup fee which covers all the work of creating the listing, coordinating the photography, on-boarding to channel management and dynamic pricing software + referral fees on rental properties that go to list. Am I in the right ballpark? Suggestions are greatly appreciated!

 Hello! Wondering how your deal has evolved since you originally asked for advice. I’m in a similar situation to what you were in then and trying to develop a proposal for my own fees for starting an STR branch for a big name agency. I’m bringing a portfolio of STR clients with me and am an experienced property manager ready with all the channel management software and integrations running and wrenches already worked out, ready to build new listings and find clients for this agency. They have the accounting and marketing systems in place to make this a big success in a relatively untapped market. I’m thinking my split on a 20% fee of owner’s STR rental income would be 75% + a finder’s fee for new clients of $1000 or 1% of first year’s 20% rental fee (whichever is greater) + 90-100% of listing setup fee of $1500 + referral fees on rental properties that go to list. Suggestions are greatly appreciated!