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Updated almost 11 years ago,

User Stats

24
Posts
4
Votes
William Petrisko
  • Multi-family Investor
  • Phoenix, AZ
4
Votes |
24
Posts

Questions for brokers, new agent looking for broker in Phoenix AZ

William Petrisko
  • Multi-family Investor
  • Phoenix, AZ
Posted

I am currently an investor in Phoenix AZ (I have purchased 3 multifamily properties and sold 1 in the past two years)

I recently passed all my exams and will be applying for my RE license.

At this time, I am not looking to be a "retail" real estate agent. I want to concentrate more on my own investing (buy/flip or buy/hold), and feel that a RE license may give me an advantage at this time.

Reasons for getting my license:

1) Run my own comps (MLS access) when looking at off market properties that I might want to purchase.

2) Direct access (lockbox) for MLS properties that I want to look at.

3) Collect referral fees for listings referred to other agents.

4) List an occasional property or act as buyer's agent for people I know.

Does anyone know any specific brokers in the Phoenix area that they would recommend? Obviously, I am looking for a broker that will be understanding of investor (personal) transactions, but willing to help me expand my knowledge and experience in both personal and retail transactions.

During my classes, there were a bunch of brokers that came in and handed out their fliers with the costs and fees, and I talked to several of them at the time. Most seem to use a $X/month (covers MLS/NAR fees) and flat $X/transaction (covers E&O fees) type model for low volume agents.

If anyone has any specific recommendations for a particular broker or brokers to avoid, it would be appreciated. Any input on the pros/cons of various brokerage companies would be great.

Also, if anyone has any questions that I should be asking potential brokers before signing on with them, please let me know. (Questions specifically related to being an investor, certain fees that aren't obvious, etc)

If you aren't comfortable posting in the forum, please PM me.

I appreciate any information anyone can provide!

thanks

bill

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