NJ Real Estate Brokerage Firms

[Joe L.]

I recently passed my NJ real estate license exam and have been interviewing with a few big brokers. I realized that they are all generally similar when it comes to the out of pocket expenses. They all pretty much require NEXUS, MLS, E&O insurance, lock box, training, and "marketing" % fees.

I'm starting off part time so I can‘t justify paying all these out of pocket expenses. What's a good firm that will charge me the bare minimum of operating expenses? I'm assuming it will be MLS and E&O will be the bare minimum operating expenses?

Any additional insight will be helpful.

[Lindsay Op de Coul]

Hello @Joe L., first - congrats on passing!!

Try smaller brokerages.  They tend not to have all the desk, franchise, transaction, marketing, mentorship, etc. etc. etc. fees.

Like you said, you will likely have to pay for your MLS, boards/NEXUS, E&O (maybe - some agencies like ours cover that). However, some MLS and boards prorate the fees for the calendar year when you join. Hopefully that will ease the expenses for you.

We are a smaller agency with minimal operating expenses, so let me know if you would like to learn more.  We are investor-focused and founded by investors, so you have direct access to mentors to help you invest in your own deals, along with growing your real estate business.