Getting My Michigan RE License

[Shawn Daniel]

Hello BP.

So, I've decided to take the plunge and get my RE license. I start my pre-license course next month and I couldn't be more excited.

To any realtors/agents from Michigan, what kind of monthly/yearly fees and splits should I be expecting?

Would you recommend a "big" broker (Re-max/Century 21/Keller Williams/etc...) or a smaller, local brokerage?

Any advice would be appreciated. Thanks in advance for any answers!

[Akiva L.]

Shawn,

It really depends whether you want to work as a "traditional realtor" or got the license primarily for your own investment purposes. It also depends whether you want to do only residential or also commercial deals. Some of the brokers allow you only to work with properties that fit into a certain mold. I would speak with several brokers (even different offices of the same larger companies) and see where feel comfortable you could get the most training and support. In my experience, when you start out in the residential real estate world, splits and fees are comparable between the bigger brokers and can often be negotiated after a few months.