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Updated about 12 years ago,

User Stats

238
Posts
165
Votes
Nancy Roth
  • Investor
  • Washington, Washington D.C.
165
Votes |
238
Posts

Agent shopping for investor-friendly broker

Nancy Roth
  • Investor
  • Washington, Washington D.C.
Posted

When I first gained my RE license in April 2012 I affiliated with a brokerage that I've since realized is not the right place for me.

I did not know how to go about doing my due diligence on the brokerage, so relied on the well-intentioned advice of some long-time friends. Within a few months I realized how retail-market focused this brokerage was, and how little support I'd find for my interest in working solely with cash investors. I have no complaints about the individuals who comprise the brokerage, but it is just not a good fit for me.

Why even keep a license? B/c it gives me access to certain useful resources, and for some reason ( I truly don't understand why) it confers a degree of cred I'd otherwise lack. So for now I'm inclined keep it and re-affiliate with a broker that either supports my interest in the investor market or just lets me go about my business the way I want to. Regardless of where I wind up, I am done paying monthly fees for the maintenance of an office, which I will seldom if ever use.

I don't expect to be pointed toward a particular brokerage, but I'd much appreciate your thoughts on how to to do better due diligence this time around. FWIW I'm licensed in Washington DC, which is part of the Greater Capital Area Association of Realtors chapter of NAR.

Nancy Roth

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