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Updated over 8 years ago on . Most recent reply

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Larry Hernandez
  • Residential Real Estate Broker
  • League City, TX
0
Votes |
2
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Move my broker license?

Larry Hernandez
  • Residential Real Estate Broker
  • League City, TX
Posted
Need some advice. I am a Texas broker and just starting my investor career. I am currently with KW and don't know if I should move my license to another broker that is 100% or stay at KW and pay the fees of go alone? Not sure if the savings of leaving would benefit me in my new adventure. Give me your thoughts..

Most Popular Reply

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351
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273
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Matt Shields
  • Broker
  • Phoenix, AZ
273
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351
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Matt Shields
  • Broker
  • Phoenix, AZ
Replied

I started out on my own, but went back to being an associate broker. All of the extra paperwork, expenses, and added liability seemed not to be worth the small transaction fee I pay to a 100% broker. 

If you do leave KW, make sure the new broker is investor friendly, some are not. When I first began investing with flips, I had to leave a big name brokerage because I was only listing my properties, and that was not enough for company minimums. The owner told me to choose between investing, or being one of their agents. Well, here I am! Ironically, it was one of their training programs, which brought in a guest speaker who talked about flipping homes, and turned me on to the idea.

Are you looking to do owner/agent with dual-agency? 

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