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Updated about 11 years ago,
Looking for Broker Sponsorship in both NY & CT & General Broker Question
Hi BP, hope you're all staying warm. Any help with the below would be very much appreciated:
I completed the prerequisites to be a real estate salesperson with the primary intentions of gaining MLS access (not to sell real estate). With that in mind, I have a few questions:
1) What is the general sentiment from RE brokers regarding salesperson licensees that want to be sponsored only to gain MLS access to invest for themselves (not for outside clients)? Do brokers view that salesperson as an unnecessary liability? Or could it be easy money for the broker, since the salesperson is independent, but will still split the sales commission?
2) I completed the salesperson prerequisites and passed the exam in NY, but I want to be licensed in CT. The good thing is that CT shares reciprocity with NY, and one of the requirements for reciprocity is that the sponsoring broker needs to be licensed in both NY and CT. Has anyone dealt with something like this before? Is there a good way to research brokers that are licensed in both states?
3) What kind of broker might be most advantageous for this situation? Bigger brokers, smaller brokers, favorable commissions, any other criteria?
Thanks again.