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Updated over 5 years ago on . Most recent reply
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New Agent with a couple questions for the seasoned professionals
Hello Bigger Pockets community!
I just received my real estate license in Massachusetts and plan on attaining my New Hampshire license soon, since I live right on the boarder of MA and NH. I was wanting to get some advice from those within the Bigger Pockets community since most real estate agent education is focused around helping people purchase primary residents.
I'm more interested in helping investors as my niche and would love to hear from both agents and investors on a couple questions.
Agents:
1. As I am interviewing brokerages, with the goal of being investor focused, what questions should I be asking?
2. What do you suggest for resources (besides Bigger Pockets) on being an investor friendly agent?
Investors:
1. When looking to add an agent to your team, what do you look for?
2. What would an "ideal" agent look like to you?
I look forward to reading your responses and feel free to add any other advice you wish you would have known when you were first getting started (as and agent).
Most Popular Reply
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Congratulations, Christi!
My bit of advice is make sure you ask how much it's going to cost you to be an agent in both Massachusetts and New Hampshire with each brokerage. Ask questions like will you pay a cap to your broker in both states, what is each cap, is there an extra brand fee (sorry I don't remember what the official term is for this, but some brokerages charge 6% more) and is this extra fee for each state essentially doubling your expense?
I'm with eXp Realty, we're in all 50 states as one company. There is no extra brand fee, no local market center extra costs, or any of what I consider a money grab from agents pockets. And bonus is there is one cap for an agent regardless of how many states you're licensed in. So you can meet your cap goal regardless of which state your transaction occur in.