Updated over 8 years ago on . Most recent reply
Broker Choice for a New Investor
Hello BP!
I am currently working through my licensing classes and need to choose a sponsoring broker before I am able to sit for the exam (Ohio). I plan to focus exclusively on investing and have disclosed this in the broker interviews I have had so far. Do any investors that also have their licence have any advise in regards to what to look for? Full disclosure: I am new to real estate investing, i.e. 0 deals.
Options that I have been considering:
Smaller broker with 100% commissions and no monthly/transaction fees, just one annual fee
Mid size broker with commission splits, but have offered training directed at investing rather than sales
Larger brokers with splits and fees. Have institutional training programs and listing/closing departments
I am leaning towards the 100% commission option, but don't know if I am missing some other important aspects. Also, since I am new, some level of training is appealing, but not necessary.
Thanks in advance for your time and advise!