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Updated over 8 years ago, 08/24/2016
- Real Estate Agent
- Queens, NY
- 1,531
- Votes |
- 2,195
- Posts
START-UP vs. ESTABLISHED FRANCHISE brokerage.. WHO SHOULD I JOIN?
Good Evening fellow BP members,
Tonight I call on you to help me choose the best brokerage to sponsor me as I begin a career in Real Estate sales. Without getting into the whole spiel, about a year ago my business partner @Tommy Mejia and I decided that we wanted to become financially independent and decided RE would be the best way for us to reach this goal. Part of that involvement in RE includes me learning the business from the inside out while becoming a successful agent along the way. Of course the extra income from being a part-time agent will give us more access to capital for our own deals.
Last night I was informed I passed my state RE exam. This morning I went out and interviewed with 2 franchise brokerages (whose branches are privately owned as most of you may well know). To my surprise, they both impressed me.
On the other hand, I've developed a good relationship with a broker who just branched off from a franchise to open a start-up brokerage... On their own!! I am impressed with this broker's business approach and philosophy.
GET TO THE POINT ABEL!!!...
OK, here it is:
Assuming that all fees, commission splits, policies, etc are the same across all brokerages (the 2 franchises and 1 start-up); Which would help me better become a successful agent and broker (in a few years)?
Do franchises have better resources (trainings, broader MLS access, experienced colleagues,etc) to translate into more potential commission for me?
Does working for a start-up present challenges that a NEW RE agent might not be ready for?
I'd appreciate any advice or insight!
I wish you all much success!!
-Abel
- Abel Curiel