What, if any, are your responsibilities to the broker

[Bill Morris]

My wife is contemplating getting her license primarily to use for our own investments. However, she will likely also do some work on the side as a Realtor as time permits. I'm wondering what are the typical responsibilities/requirements that a broker might have or do they vary wildly? Do you need to put in time at the office answering phones, showing properties etc? Or, can you simply hang your shingle with a broker and work as much, or as little, as you'd like?

Thanks in advance for any feedback.

Bill 

[Beverly Meola]

Hi @Bill Morris ,

It really just depends on the broker.  As a licensed salesperson, I recently started working with a broker myself and I spoke with a variety of brokers.  

One broker didn't care if I ever showed up in the office, no minimum transaction requirements to remain affiliated, no desk fees with decent splits which were capped at $25k to the broker in a 12 month period. Another broker I spoke with required office time, plus monthly desk fees, they took a big cut of the commission, and they required minimum transactions to remain affiliated with the broker. All of that on top of a requirement to join the National Association of Realtors and paying the MLS fees.

She should shop around and find the best fit.

-B