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Updated almost 8 years ago on . Most recent reply
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Different Agent Assistant question!
I would like to approach this topic in a different light that other people have not done yet. It is set in stone already that an agent can hire an unlicensed assistant that can access the MLS in most MLS areas. Ethical or not, this thread is about deal structure with an agent.
How can I structure a deal with a local agent in my area so that I can access the MLS to not only seek out deals but evaluate market conditions?
Now, I want your opinion as an agent yourself to evaluate whether or not my deal structure's are an equitable fair deal between a beginner investor and an agent, but if not what can I change or include to make it fair.
1) Seek out/meet beginner agents and offer to work for very little wages, offer advice for what an investor looks for in deals, and ensure that you will close on deals with the agent if the potential is there. In exchange, request to be an assistant and gain access to the MLS.
2) Seek out/meet investor friendly or experience in investing agents offering myself as a low wage assistant that will close on deals if the potential is there. In exchange, request to be an assistant and gain access to the MLS
Most Popular Reply
The following is a quick cost and overview for getting a license in Florida:
Real Estate Course for $99 bucks - check online for courses
Application and Fingerprints - $90 bucks
Testing through person vue - $40 bucks
* All figures approximate
Joining the board is the most expensive so I don't know in your area how much it'll be. Calculate under $500 then hang your license with a broker that gives 100% commission no desk fee, etc. If you have a 9-5 job save to pay this off, or pay it with a 0% Introduction credit card for a year and pay it off by then :)
All in all, it'll be worth your while and time than helping a newbie agent. Like I said look for a top agent in your area and work as an Admin, you'll get paid plus learn a lot more.
If you really want to work for an agent for free I would just ask them but I am not sure how the broker will handle this.