100% Commission Brokerage Vs. Traditional Brokerage

[Timothy Lewis]

Hello BP! I just passed the board exam to become a licensed Real Estate agent in Florida. Specifically in South Florida. My plan is to find a good 100% commission brokerage to hang my license with. The reason I was looking at this versus a traditional brokerage is because I believe I have a relatively good grasp of my local market and RE, in general. I have experience with wholesaling, flipping, and managing rentals down here. I am mainly looking to leverage my license for my real estate business and to purchase a primarily residence for myself. Due to the high price point of Miami RE, I would be giving a large chunk of money to a traditional brokerage per deal. From what I've researched, most 100% commission brokerages charge a standard amount per transaction. Few have monthly fees. All charges would be significantly less than a brokerage taking 30%-50% of my commission.  However, to my understanding, traditional brokerages offer a lot that a 100% commission based brokerages don't; like training and resources. 

My questions to the BP community are:

• 1. From your experience, what are the main pros and cons of working with a 100% commission brokerage?
• 2. Out of the hundreds of 100% Commission brokerages out there, what qualities set the great ones apart from the mediocre? Simply put, what should I be looking for?
• 3. What pivotal resources would I be missing out on from a traditional brokerage, like a Keller Williams, by going with a 100% commission brokerage?

Thanks in advance for all your feedback and help!!

Tim