Nyc Broker For Investment Properties And New Jersey New York City Real Estate Agent

[Vincent Fiorilli]

Hi All,

I just passed my New York City real estate exam. My goal is to find a sponsoring broker for doing investment deals in New Jersey and New York. I believe I need to start in New York, but does anybody have any recommendations for which company to sign with? Not sure if I should be looking for a bigger company or a small or local broker.

[Jonathan Greene]

If you are planning on doing more deals in NYC, that is a different landscape for agents and not necessarily investor-agent friendly if you aren't going to do other deals. Mom and pop NY brokerages would be a better option, but they will have no training or systems, but will hold your license while you look. In NJ, it's different, any brokerage will take you on, but if you are only going to invest, they will just take your fees and wait for you to do a deal. If you don't plan on doing agent business outside of your own transactions, just choose the best split and lowest fees, but you won't learn anything about doing the deals for yourself that way.