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Updated over 7 years ago on . Most recent reply
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New Real Estate Agent moving to Flexible position
I am currently a brand new real estate agent. I want to become an investor, whether it be buy and hold, flip, wholesale or any other real estate venture. My question is, how do I maintain my license without working for a "broker" My current broker that is sponsoring my license is from Century 21, but they are following the Mike Ferry System and want me to make X number of calls per week in order to work for them. I then would be unable to search for my own deals. Help!! I feel like I am trapped becoming a "cold calling" entry level agent. I am ready to find my own deals and invest!
Most Popular Reply
I agree with Karen, go to a smaller boutique firm if you're not interested in cold-calling, but there's a draw-back. As a brand new agent, who wants to become a real estate investor, how are you going to learn about the market, sourcing deals, negotiating, networking, etc? A boutique firm is not going to provide the same training and resources like the national firms. I would take advantage of the opportunity and commit for at least 6 months to this training. You'll be able to learn how to use the MLS, about your market, how to build rapport with buyers and sellers, etc, which is essential and will give you a competitive advantage as a real estate investor. Once you're ready to go out on your own, then seek a small boutique firm, where you won't be required to do any Realtor activities or pay office fees. Good luck.