Investor Friendly Brokerage Referral

[Daks B.]

Hi,

I am looking for an investor friendly real estate brokerage firm to hang my license.

Any recommendations?

Thanks,

[Erik Checkur]

I've been a part of a few different brokerages, most that have provided me leads and others that do not. Some hammer you when it came to commissions because they provided you leads and marketing. Some hammer you with a bunch of fees even if they don't provide you with leads, but instead only mentoring and coaching. I haven't personally been a part of Keller Williams but what I hear is they have a great model for training, however it can be a tough model to be a part of for a long period of time once you're self sufficient.

Different teams form under brokerages around the country and they say they can all offer you something different, something better than the rest. You have to try to see through the sales-y smoke. I am happier than I have ever been where I am currently with eXp, but it's not everyone's cup of tea since they don't have set eXp offices and they don't provide leads. So the special part about the team I found provides lots of coaching, mentorship, and support. If you want to follow a very good coach on social media, follow Ricky Carruth. I joined my team to learn from him. Their attitude is they want to teach a man to fish, not give him a fish.

The thing is, if you join a brokerage that doesn't provide you leads, you can still contact certain lead generation services that could be cheaper than if you used the services through a brokerage that pays for your access to that service. Maybe you pay $6,000 up front, but if you choose a brokerage with an 80/20 realtor/brokerage split as opposed to a 40/60, over time as you close deals you can make way more than the difference if you're able to invest a few grand into a lead generation service on your own. So I think the most important aspect of starting out is finding a mentor who is willing to help you grow and learn as an agent instead of looking at you like another dollar sign to them. When interviewing, find someone who seems like they're genuine and you really gel with.