Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Agent
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago,

User Stats

84
Posts
21
Votes
Michael Lane
  • Real Estate Agent
  • White Plains, NY
21
Votes |
84
Posts

Help choosing brokerage and misc. questions

Michael Lane
  • Real Estate Agent
  • White Plains, NY
Posted

Peace. My name is Mike and I passed the NY RE Salesperson exam about 9 days ago. WOO-HOOO!! I screamed in excitement as I have always wanted to be in real estate since a teenager. Now I am visiting different brokerages and trying to find the best fit for me. I don't care if the brokerage in small or large but I just want to have some type of training or guidance when I first start although I have learned so much through this website. I have two brokerages I want to visit tomorrow.

But I wanted your opinion on the two in which i will not disclose due to bias.

Option 1- Large business, Will pay for business cards/name badges, have a mentor-ship through the first 3 deals (giving the mentor 25% commission), no desk fee and 55% comm split w/6% franchise fee, roughly $900 to start (MLS and E&O Ins) .. BROKER WILL CHECK OUT BP!

Option 2 - Small business almost mom and pop (not sure how much business they get), Will pay for business cards, no mentor-ship but seems very helpful through all deals, 50% comm split w/o franchise fee, roughly $900 to start too .. Broker kinda snobbish.

Misc questions

1. I grew up and live in White Plains, should I work there and consider location over everything?

2. Is it better to work with a huge business or small business?

3. When you first started what was your first transaction like?

Loading replies...