Find the right broker as a new Real Estate Licensee

[Reza Hosseini]

Hi all,

I am getting my exam soon which I should pass. Next step would be finding a broker in Bay area to work with/for.

Here is my situation:

- I am in the Bay Area (CA)

- Can only work part time as I also work full time right now outside Real Estate

- I am also a small investor and sometimes I want to represent myself to buy

Any tips on where to find info the right broker for me? I can of course call up some brokers too but trying to find out who to contact.

Thanks for reading!

[Bruce Lynn]

Congratulations on getting your license.

One thing I think you need to plan for and seek assistance from the broker is how will you manage part-time.  Does that mean 8-12 hrs days on the weekends prospecting and selling?  Does that mean 6-10pm evenings every weekday?   Can you partner with someone...for example someone who wants to only work 8-5 M/F and you take the of hours.

Another thing to consider is how many properties you plan to buy?  Is that 1 a year?  10 a year?

I'd ask what kind of training they have for off hours agents?  Anything live on Saturdays or evenings, or will that all be by video/youtube type trainings.

I'd ask if you have to sell any properties to others before you represent yourself.  If you represent yourself, are there still commission splits?  Some brokers might allow 1 per year or 2-3 per year with no split...so would be helpful to understand that.  Some want you to sell to others maybe 2-3 houses before they give you a fee free one for yourself.

I'd ask if there are other investors in the brokerage, what are they investing in, any partnerships or JVs, what are the requirements to get in on those investments.

I'd ask if they have wealth building training...to assist you.

I'm at KW-Keller Williams where people wrote the books Millionaire Real Estate Investor, HOLD and FLIP.....we are profitable, debt free, and growing....so I would ask questions about that too.  If you join an unprofitable broker, how are they going to teach you to be profitable?

Good luck and best wishes....