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Updated almost 5 years ago on . Most recent reply
Typical sponsoring broker arrangements and fees in NY?
Hi BP. I just finished the required 75 hours of class time to get my NY real estate salesperson's license and wondering if anyone can tell me their typical fees/arrangements in NY with their sponsoring broker and give any recommendations? I already have experience as a real estate paralegal, title closer and mortgage loan officer so I really just want the license to use for my own investing. Was surprised to find out that you cannot register to take the NY state test unless you already have a sponsor broker.
I want to be completely upfront to any broker I approach that I'm planning to use the license strictly for my own investment purposes and hopefully can work out a straight fee arrangement. My real estate background means I'd be very low maintenance for them but not sure what to propose in terms of arrangements and fees? Any suggestions I'd greatly appreciate. Thanks!
Most Popular Reply
I'm with Voro NYC