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Updated about 14 years ago on . Most recent reply
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Getting real estate license in NC and investor, where do I hang my license?
I am a new real estate investor and working on getting my RE license in NC. Where should I hang the license, The big companies are not going to be negotiable on my commissions and will expect me to sale. I am really getting my license so I can have access to the MLS. Are there agencies out there that will let me sale properties without taking part of the sale or is that something I will need to factor in.
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Great advice from Bryan above...
I'd also add that you may be able to find a small brokerage that won't take anywhere near 50% of your commissions as well. My wife works under a medium sized broker (about 3500 agents), and she pays either:
- $40 per month + $300 per transaction; or
- $300 per month + $40 per transaction.
It's up to her which of these options she wants and the transaction fee is regardless of whether it was a $25K sale or a $25M sale.
So, relatively small, low cost brokers are out there...