Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Zach Adamson
0
Votes |
1
Posts

Suggested brokerage supports both commercial and residential?

Zach Adamson
Posted

Hi! 
my name is zach Adamson and I am brand new to BP. I will be sitting for my RE license exam in a few months, and am also involved in a few budding real estate investments. 

My question is rooted in picking the right brokerage where I should hang my license to support the commercial real estate lease negotiations that I manage in my professional career, as well as the residential projects I manage on the personal wealth building side of my life. 

At my day job we consult with c-suit executives of retail, restaurant and location based entertainment clients using proprietary data licenses to help them determine the best location for opening new stores, analyzing can cannibalization of existing stores, competitive analysis and more. There is a huge opportunity that the company wants me to pursue of not just suggesting real estate, but then also managing all the way through the transaction. It is one of the reasons for getting my RE license.

On the other end, and the initial catalyst for me getting my license is I have a couple of syndicate groups focused on SFH build/reno and lease forming in my network that need a real estate agent and I fit the bill. I will take a portion of my commission on any of the deals and invest it into the deal to get residual income without necessarily having to come out of pocket.

When picking a brokerage for where to hang my license, I am finding that most brokerages (rightfully so) specialize in one or the other. 

Does anyone know if I hang my license at a commercial brokerage, if that will cover any residential transactions? Will they be able to support very well on those transactions? Will they feel entitled to commission on those transactions? 

The inverse questions also being applicable if I hang my license at a residential brokerage. 

The real question being is there a brokerage that would do a good job of supporting on both sides of the real estate spectrum? Or is there an alternative suggestion to consider?

Thanks BP fam! 🙏🏼🙏🏼🙏🏼


Most Popular Reply

User Stats

477
Posts
277
Votes
Marian Huish
  • Real Estate Broker
  • DC MD, VA & NV
277
Votes |
477
Posts
Marian Huish
  • Real Estate Broker
  • DC MD, VA & NV
Replied

Ditto what @Carlos Pelegrina said @Zach Adamson-  Not many brokerages support both and for those agents who join under eXp Commercial, they receive an 80/20 split with $20K cap which is unheard of in the industry!  Same if you join the residential side but cap is only $16K…. So essentially, after you sell $2.6M in residential or commercial sales, you then receive 100% for the remainder of the year.  Resets each year.  Best of luck with your exam and decision!

Loading replies...