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Updated over 9 years ago,

User Stats

13
Posts
15
Votes
Josh Rowland
  • Real Estate Agent
  • Colorado Springs, CO
15
Votes |
13
Posts

Employing Brokers Friendly to Creative Deals?

Josh Rowland
  • Real Estate Agent
  • Colorado Springs, CO
Posted

Hey Folks,

So about a month ago I asked what brokerage people went with in the beginning and I received some useful information. Now that I have finished the coursework and passed my licensing exam I am narrowing my options as to where to hang my license. 

My questions here... 

1) What would be your advice on picking a brokerage that will allow you to work with investors on creative deals? 

It seems when I go talk to the big brokerages in town (REMAX, KELLER, ERA) the managers get freaked out when I ask them if they have heard of subject-to financing, wholesaling, assigning a contract to another party, or even managing property. 

I am getting the impression that the big shops are very singularly focused on residential listings and NOTHING else. The managers I speak with automatically assume that I want to screw the public over and do something that will make them loose their license (or E&O insurance) when I ask them about these other approaches to RE. This triggers a conversation where I explain my intentions are not to cause harm to anyone or take advantage of anyone in this business and that I am making this my career (then they calm down and relax).

2) As an agent working on creative deals, how do you navigate your relationship with your Employing Broker? Are you able to wholesale transactions and assign contracts? Are you able to manage property for others? Are you able to partner with investors to flip properties? Are you guys doing any subject-to deals? 

Help me out here... I'm stressing about my new license because of the greater level of restrictions placed on Associate and Employing Brokers in Colorado. I want to be able to experiment with creative deals and build wealth for myself and others. I want to be free to do deals outside of the typical residential listings and purchase contracts (although I will still do listings and such). 

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