Investor Looking for Brokerage to Hang Salesperson License

[Tyler Stone]

Hi BP Folks, 

I recently passed my RE Salesperson Exam in Rhode Island. I am strictly an Investor looking to hang my license in a Brokerage, I will NOT be listing/showing properties to clients. I intend to utilize the license for unimpeded access to the MLS and possibly do BPO work on the side. I do not intend to wholesale but do intend to acquire additional investment properties. Could anyone suggest a brokerage that would allow me to hang my license and is reasonable in regards to fees/costs?

Brokers out there, If there is anything that I should be thinking about from the Brokerage side when asking to hang my license or if I am missing something here please do tell. I am not confident that I completely understand this process. 

One other thing, I am employed full-time as an Investment Analyst and act as a registered investment advisor. I don't know if this is relevant but figured it is worth mentioning. 

Thanks,

Tyler 

[Anthony Thompson]

@Tyler Stone, that's a tough one.

You're basically asking a broker to take on additional liability (since anything you do in real estate could conceivably be tied to them), but offering to give them nothing in return since you're stating up front you won't be doing any listings.

Your best bet is going to be networking and trying to find small/independent brokers.

Anyone with a brand name, e.g., RE/Max or Keller Williams, is going to have pressure from their own management to "perform" and weed out agents who don't sell/produce enough, which means they won't even consider you if you're saying you have no intention of doing any transactions under their umbrella.

I know people who have done what you describe, but they either already had a close friend who was a broker who was willing to take them on, or in one case they bit the bullet and just became a broker themselves (which is fine but is additional time and expense).