Advice about being a broker on the side

[Kent Schmuland]

I am in full time medical sales but am looking to get my brokers license with my wife to do a little side work after hours and on weekends. Mainly for friends and family. What would you recommend for someone just getting started in this? Am I biting off more than I can chew?

[Corey Smith]

I was also pondering whether to get my RE Brokers License here in WA. Mainly I wanted it for access to the MLS immediately, but also long-term in order to save on commissions when I get to the point where I am selling my own properties.

Long story short, I went ahead and started working towards it. I enrolled with the Rockwell Institute (online version) mid-May, already finished the 90 clock hours, and will be taking the state exam on Tuesday. I do not plan at this time to actively be an Agent, but rather to hang my license at a brokerage that has minimal fees (and minimal support for me) like @Tim Angevine referred to.

I don't know what brokerage that will be, but I know at least one person that is paying under $40/mo. to hang his license. But I'm looking for all options for once I pass the exam. The good thing is that once you pass the exam, you have 1 year to figure it out.

Hope this helps.