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Updated about 8 years ago,
Seeking advice on broker selection
Dear fellow BPers,
I just passed my California real estate salesperson exam and expect to receive my license soon. Now, I need to look for a broker to hang my license.
I am primarily interested in using my license to find MLS deals as well as doing value/rent analysis. My focus for now is buy-and-hold on residential properties. So far, I have one SFR and am looking forward to more as I see fit. Of course, I would be happy to help my friends and family for their need but will not be actively soliciting retail clients as I still have a full-time job.
Given my background, could you please share with me your thoughts:
1. What kind of brokers should I look for? I am thinking about brokers with low monthly expenses and reasonable commission split. Brokers with active RE investing experience will also be a plus. Do these thoughts make sense to you? Did I overlook any important characteristics?
2. I am living in Orange County, Southern California and I am interested in local properties, particularly in Riverside and San Bernardino counties as the propertie prices are not too high. Could you please suggest some brokers that I should talk to?
Thank you all in advance!
Wei