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Updated almost 6 years ago,
Making a decision on a Maine brokerage. Any Mainers here?
I just passed my Maine Associate Broker's exam yesterday as my wife and I are relocating to Maine later this year. Not sure where, but most likely somewhere between Freeport and Boothbay.
As I understand it, east of I-95 is the place to be for a higher volume of sales at higher prices - though the average sale price is half of what it is here in Plymouth County MA.
I've interviewed with KW and Bean Group and am trying to make a decision between them.
KW has the bigger company nationwide. Bean has a 5% higher split and no $3,000/year (at 6% per transaction) to corporate like KW, so that's an 11% hit until that $3K cap is reached.
At 63 years old, I don't see building a "downline" with KW to be a meaningful attraction. At least not as much as if I were 30 years younger. I think I'll be working another 10 years or so.
FWIW, I expect to straddle MA and ME for 6-12 months as an ice cold start in Maine will no doubt be slow. My entire SOI is fewer than 10 people.
I'd love to hear from practicing Maine brokers!