Newbie investor/agent brokerage question

[Aaron Kramer]

I met with an owner of a real estate brokerage recently about joining their team. I have known this person for quite a few years. They sold me my first home in 2005. A little background and my question is this. I'm really not interested in the retail agent space but will work in it for reasons of making money as much as possible networking building a client list but my end goal is to be able to find and sell my own fix and flips. I haven't broken down my long term business goals with the owner yet, but briefly spoke about wanting to fix and flip in our meeting and they were ok with it but I'm sure they don't have anyone in the office doing this so not sure how to approach this agreement with them moving forward. They mentioned we would have to talk more in detail about it if I was doing a lot of them. Obviously you have your standard office commission breakdown for office fees, E&O, L&I etc until you reach your threshold and from there collect 100% of your commissions. Not sure in other states but in Washington to sell real estate you have to work for a brokerage, or have worked so many years in the business and then take the state owner test to operate on your own etc. So my question is how should I approach this with the owner? I would like to get this in some sort of a contract with them to operate under their name so I can sell my own flips. I am assuming I will also need my own separate business license , insurance etc for the flipping investment business correct? Any help, thoughts or comments on how to navigate this moving forward I appreciate it!