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Updated over 6 years ago on . Most recent reply
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Need Broker to See Properties? (Baltimore)
Hi there!
I own a duplex now, living in one unit and renting out the other. (Thanks Bigger Pockets!)
We would like to acquire another two duplexes over the next few years, to rent long term. It's possible we'll do some flipping as well, but that is not my main focus for now.
I am considering getting a Real Estate Agent License in Maryland. Online courses, 60 hours, plus a test.
I want the additional education, and to gain access to the MLS and to see properties without an agent.
Do I need a broker to gain access to the MLS? And do I need one to see properties on my own?
I am alright with ultimately using another Agent to purchase a property, but I just need to be able to research and visit properties freely, without bothering someone else's schedule.
If I do need to be affiliated with a Broker in order to get my license or to do what I want with it, how can I find someone who is more of a mentor, that won't charge me an arm and a leg? I don't want to be paying high ongoing fees or commissions, as I do not plan on doing many deals.
Thank you SO MUCH!
Chris
Most Popular Reply
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@Christopher Kindig there are many cost to being an agent, not all come from the broker. There are brokers who take a high cut of your commission but don't charge a monthly fee. There are brokers that charge a monthly fee but let you keep a high or even all of your commissions.
Keller Williams tend to be investors friendly. Some local investors choose the Pasadena office, some of which are active here like @Gabriel G. Another broker many investors use is Douglas Realty.
You are not likely to find a mentor for investing at a real estate office, though you may find one to help you be a good agent. You might want to check out How Do I Find a Mentor?