All Forum Posts by: Sierra Lewis

Quote from @Sierra Lewis:

Quote from @Ben Howard:

Hello Sierra. Please feel free to reach out to me with questions, I am happy to help.

 Hi Ben, Thank you for the open invite. I will be in contact with I would love to ask you a couple of questions.

Sounds good Sierra. I also posted the following under another BP thread earlier today which you may also find helpful once you pass your license test: 


When you speak with brokerages don't forget to ask them questions such as:

Dothey charge an admin fee on a transaction? Is that fee reduced if you
are paying a referral fee to another agent? These fees can be as much as
.179% of a transaction's price.

Do they charge you a franchise fee?

Do they charge an annual "worldwide fee" which supports their name brand? These can be as much as $400.

Whatis your commission split? Does this number require you to sell more to
achieve a split which is more favorable to you vs them? For example.
70%/30% up to $X in sales, then 75%/35% up to $Y in sales. If you have a
down year, the answer can really hurt you the following year, making it
harder to recover.

What is your annual commission cap? For example, some brokers are as high as $26,000.

Are they charging you for E & O insurance, Skyslope, a CRM?

Do they charge you a monthly fee?

Do you receive a commission check at the close of escrow? Will they allow
you to receive direct deposit? Can you still receive direct deposit even
if you don't use their transaction coordinator?

Do they have an office? Do you want to pay for that office via fees?

Do they offer company stock, and provide passive revenue share income which is willable to your heirs?

Do they offer a nationwide learning forum where you may view videos 24/7
from the company's best agents who train you for free? Then, those
agents are compensated to offer better trainings via company stock.

Will an agent sponsor you that is available 18 hours a day, seven days a
week when you have questions? Can you sponsor other agents and receive
compensation when they succeed? If yes, how much compensation?

Do they have an online forum where you will see other agents asking for an
agent that serves your area so that you can apply for a referral?

Hello Sierra. Please feel free to reach out to me with questions, I am happy to help.

Agreed with Jonathan above. I'm a sole broker and you can also go to local meet ups.

When you choose your brokerage, choose one that has an investor-friendly mindset, and has people who want to help. The big box brokerages will promise that, but won't have it. Or, go to meetups now for investors and you will find some agents there and they could be the mentor you need.