Salesperson versus Broker? Should I get my Broker's license?

[Mark Moyer]

I've been working as a Realtor for 3 years now.  My reason for getting into sales was to manage my own deals as a buy and hold investor.  But now I do work with many many other clients.  

In Maryland, you need to be a salesperson for 2 years before becoming a broker.  I know taking the classwork for the exam is required--I'm a good student and not worried about that part.  

When does it make sense to get licensed as a broker and what kinds of financial obligations should I anticipate (insurance, etc)?  I would be interested in creating a business model for other salespeople to grow and learn.    

[Richard Carlton]

@Mark Moyer 

Have you considered looking into either moving to another brokerage or negotiating with your broker for a split for you that works better to put more cash in your pocket after settlement if it is the financial part that is what is really driving this question?  I know of some boutique brokers who run their businesses their way and they seem to be successful (in business for over 20 years on their own) so it is not out of the question to do such for yourself just make certain that you heed Mr. Brazil's advice!