Not active real estate agent- making my fist deal

[Gitit Hefetz]

Hello, 

Im a non active real estate agent- never closed a deal. Im looking to buy my first home in Sacramento. Would it be wise of me to try join an office just so I can get commission for buying my own home? Is there a chance any office will accept me only to close this one deal ? Im not planing on pursuing a real estate agent career. 

Would love your thoughts on this! 

Thank you

[Roxanne Quane]

Hi @Gitit Hefetz, nice to run into you again :)

Similar to what Christopher mentioned, it depends on the commission and the price of the home. Your net should be worth it after you factor in the local, state, and national association dues, broker split/dues/fees, transaction coordination fees (I have not heard of a broker letting a new agent handle their own file solo), and the big one, taxes. You also will need to attend an orientation with the local MLS and complete a NAR ethics training. Is all of the money, time, and effort worth it on an $800k house? It would be in my book. On a $300k home? Not so much.

Most brokers are not eager to sign agents to only buy/sell their own home. They have administrative work and costs that they incur as well as E&O insurance they need to supply their agents. But there are many brokers who have agents that only do 1-2 transactions a year. You will just have to find one that is interested in doing that.

Good luck! Feel free to message me if you have any additional questions.