Should I Be A: Investor Friendly Or Retail Agent?

[Cody Evans]

Hi agents and investors,

I am on the path to be a part time agent to get some knowledge of the market in my area as well as build capital and form relationships. What are the pros and cons of being a part time investor friendly agent vs part time retail vs both? Do I need to specialize and what is the path to becoming a good agent?

[Joel Owens]

Cody if your a wholesaler you might want to go work for those transaction only companies that charge a small fee and you keep most of the commissions for residential.

I do not have any agents at my commercial firm by choice. If I did they would have to be full time no exceptions and they would have to put up 25,000 non-refundable to the brokerage to start and on a 50/50 split for commercial.

They have to have something big to lose if they do not follow the steps to work on closing deals. Talk is cheap and to many flame out or do not follow the steps saying too much work. My time is worth tens of thousands per hour these days so agents do not understand when someone spends time with them it is costing that person training them money in time.

Good Luck