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Updated almost 9 years ago on . Most recent reply
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Trying to find the RIGHT broker to hang my license with - For my deals. *New to BP
Hi all! I'm new here, and my first post is about the next step I'm trying to take personally.
I'm wanting to find a broker to work under here in the NYC area. (Passed test and license eligible.) I work in commercial appraisals by day (not licensed) and would primarily be signing on with said broker for the ability to use resources not available to me in my current position in a search for potential value-add scenarios. I would also market the properties myself through the brokerage.
I have a partnership in place with a local GC, and we are starting to "cast the net" for opportunity. I don't expect to find any great open market deal, but I do want to be able to keep an eye on the market myself.
There are plenty of brokers to work with in the area, so finally, the root question is what is simply: how do I approach the situation, and what would be the best things for me to compare? I'm not completely opposed to paying a fee, as they would know that I probably won't be generating regular commissions, but I want good value in terms of resources and connections.
Thanks!
Most Popular Reply
100% offices offer the most flexability but do not offer access to deals from seasoned agents that are in the higher end offices. If you have contacts and knowledge 100% offices are great. If you are trying to build a network and leaqrn from pros go where the pros go and make up the split from the knowledge gained.