Just Passed RE Licensing Test, How to Choose a Broker

[Steve C.]

Hello all, this question is aimed at any investors who also hold a real estate license.  So I've been saving money, listening to podcasts, reading a bunch of books, & decided to get my real estate license to help me both understand my market better for my own investments as well as generate extra money to accelerate reaching my downpayment/reserve goals.  What I'm curious about from those of you who do use your license not just for your own purchases & research is what should I look for in a broker as an sales agent just starting out? What helped you get going, or what did you wish you had had that you didn't from your broker? 

As this is probably a bit unique for every agent, let me give you an idea of where I'm at. I am looking to do about 4-6 deals (not my own) each year starting out. I won't be doing this full time initially (I work 35 HR/week at night bartending in Las Vegas). I'm looking to work mostly out of a home office, for clients from my work & personal lives who are ready to start owning their own home. I've already spoken with a few who now 'get it' as far as why they may want to do their first home purchase as a multi-family (house-hack). I want to get people I care about on the path to financial freedom & utilize commissions to accelerate my path as well. Beyond that database, I meet about 8,000 people a year while making a decent living, so calling provided lead lists aren't a concern for me at the moment. Other than commission splits, printing utilities, education/assistance, E&O insurance & desk fees, what other assets & liabilities should I be analyzing while interviewing potential brokers to work with?

Thank you for any insight you can provide to a newbie, I appreciate it. 

[Steve C.]

Thank you @Irina Belkofer.  I agree, education is huge.  I've read 13 books on real estate & investment so far this year & that's when I realized I can learn & earn more by getting my license.  Just taking my classes I've learned some very valuable information on property value projections that I hadn't read in any book.  Thank you for the insight & well wishes.  Wishing you continued success in your sales & investments as well.