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Updated over 9 years ago on . Most recent reply
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Picking a broker
Good Afternoon Everybody,
I plan on obtaining my license in the next couple weeks(exam on 8-29-15) I took my 40rs course at the Keller Williams market center in Northville(suburb outside of Detroit) If I choose to hang my license here my monthly cost would probably be around 170$ is this normal for license expenses?(office fee, technology fee,realot.com access for listing, etc)
They have a great training program so I would have to take that into consideration but I have really been thinking about checking out some other brokers in the area before I made my final decision.
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I am a Keller Williams agent and started a team of 8 agents and sold 152 houses in year two. If you want to be a realtor as a business, Keller Williams is the way to go.
However, I am also one of the busiest wholesalers in my area. I get the sense that the Keller Williams doesn't like that I do mostly off-market because they don't sell units in those. Kind of silly mindset to me as these bring tons of business like new construction and listings from flips.
My experience is that the world of realtors and the world of wholesalers/flippers are too totally different worlds. Being around realtors can push your mindset away from investing.
Pick an investor friendly brokerage if you want to focus more on investing.
In a nutshell, Keller Williams is great to build a realtor business (I make good money with it) but not the most investor friendly type of place. Ironically, Keller Williams wrote some great investment books such as Millionaire Real Estate Investor, Flip and Hold, but my experience is that the big name brokerages look down on wholesalers and flippers.