[TX] Just passed my RE Sales Agent Exam!! Broker Recommendations?

Question

I sat for the Texas and National portion of the Sales Agent Exam this past Friday and passed! I am a full-time W-2 employee looking to transition to RE Sales Full time next year. I need to choose a Broker and so far are leaning towards Keller Williams. Besides KW, what other brokers would you recommend hanging my license with and why?

Danny Webber · Answer

KW is not terribly investor friendly when looking to do creative -1 off deals from what their agents have told me. I assume it is from a liability standpoint. I would look for an investor friendly broker/mentor in the area. KW is a good place to learn retail RE for sure and has a positive team setting from what i am told.BL- do you want to focus on retail or investments in RE.Also, transitioning from a W2 to FT RE in 1 year is a big stretch...... You will not be able to replace your W2 income in 1 year without some serious work which is usually not possible because you have to keep working your W2 job in the interim. I know plenty of people that just quit their good paying job to jump into REI or RE full time only to have to go back.This industry is not set up statistically to quit your day job and do this full time from one day to the next. It takes time to build up clients, referrals and repeat business. Do not get unmotivated by this just do not believe everything you read or watch in regards to success stories. Also, the moment you quit your W2 you will have a much harder time finding financing for investments... I suggest mapping out some milestones before you quit like:1. money saved= X2. properties purchased= X3. Closings scheduled= X4. monthly expenses= x+ more

David Ivy · Answer

Account ClosedI began my Realtor career at KW's Southwest Market Center and eventually moved to the Northwest Market Center. Each KW office is independently owned an operated. Though there are some consistencies between offices, each one has different leadership. I'm happy to share my experiences with each and give you my overall thoughts on KW. In general, I think it's a solid place for a new agent to start. I'd also strongly suggest you interview with JBGoodwin. Ultimately, I think it comes down to your personality and how you plan to run your business on a daily basis. [Solicitation Removed by Moderators]

Jake Fugman · Answer

Account Closed If you like the KW model I would highly recommend looking into eXp Realty. Large presence in TX and described as "KW on steroids" (not my words). I identify as an investor and realtor and found they serve my goal of financial freedom, through several sourced of income, very well.

David Ivy · Answer

Account ClosedRealty Austin doesn't take on new agents. They require minimum 2 years experience and at least $2M in transactions in the past 12 months (and really prefer to see $3M+). They also only hire full-time agents. You usually need to be recommended by a current Realty Austin agent. Training is fantastic, but it's focused on internal Realty Austin technology/systems and improving an agent's already successful business.

Kate J. · Answer

@Larry Hawkins hey, congrats! I just subscribed for the online course. I wonder how much time it will take me to go throught it. What is your criteria of selection of the broker? I have a license in illinois and I opted for a broker that charges per transaction. It was about 400 for each purchase and sale, I did not have to share comission.

Jim Cummings · Answer

LarryAs other have said, much depends on your personality and the personality of the Broker you are considering. I've been away from Austin for about 3.5 years, but in addition to KW and JB Goodwin, I would suggest Colwell Banker, REALTY Austin, and Berkshire Hathaway. All seem to have a formal organized training program. When I was starting out about 29 years ago, best advice anyone ever gave me about choosing a RE Company is "really doesn't matter whether you choose a big company or a little company, in the end, it's all up to you"! You to have to have the drive, initiative, perserverence, to make it work!Good luck and welcome to one of the greatest professions!

Dan Maciejewski · Answer

You definitely have my vote for KW! I interviewed several and KW were the only offices that actually seemed to have their stuff together. After I signed on with my office, I found out that I have one of the best Brokers, bar none! And she is connected to Linda and Jim McKissack from BP podcast 153! There have been so many reasons to join that I found out after the fact! The opportunities are boundless, and we just keep growing!Interview one of or several your KW offices, heck, stop in to KWRI on MoPac, I've met a few great people from there.