Sponsoring Broker in Northwest Chicago Suburbs?

[Ajay Sharma]

I recently passed my real estate exam in Illinois. I decided to pursue a broker's license to develop a passive real estate income portfolio. My interest is commercial and industrial properties. I plan to add a few flips and rental investments along the way. 

I called two companies and they mentioned that I would be better off finding a sponsor in a non-franchise company because of the monthly dues. He also mentioned that most agencies are looking for full-time brokers.

I am involved with a few other business endeavors (e.g. working with general contractors for renovating a 40K sq ft industrial building, investing in new $20K industrial building) to help expand my knowledge as I get deeper into real estate "deals". My main interest is to use my license for passive income while I continue to work on existing and upcoming projects. 

Will brokerages offer such sponsorship? Is what I'm trying to do "frowned upon"? I heard that it wouldn't be a problem because many brokers obtain a license to support passive income. Thoughts/suggestions? Your help is much appreciated.  

[Ajay Sharma]

@TIm Harstead and @Kobe Xin, many thanks for your responses. I made 20 calls yesterday. Got 3 call backs and one call scheduled today and meeting next wednesday. I will reach out to Kale Realty today.

Thanks for the feedback. Both of you are absolutely right, I do need to interview each brokerage to make sure we are clear about expectations. I plan on using my license for personal investments. Once again, thank you both.