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Updated over 9 years ago,
- Real Estate Broker
- 1658 N. Milwaukee Ave Ste B PMP 18969 Chicago, IL 60647
- 5,041
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Being my own agent
I am close to completing the broker courses for Illinois, and so now I face the task of finding a place to hang my license. I was wondering if I could get the BP community's feedback on whether I should go with a traditional brokerage once I get my real estate license, or whether I should go for a discount brokerage that doesn't give me much overhead.
As back ground, I am hoping to use my license primarily for access to the MLS and for access to properties. I have a good full-time job, and my primary focus will be on using my license for access and information to help me invest.I see the traditional agency's as being advantageous in that you get "mentoring" and training. Obviously, they would probably at least try to offer more support for a new agent than the discount places. Does anyone have any feedback on whether the support from these agency's is worthwhile?
I see the discount places as being advantageous due to the low cost of maintaining a license. I found a brokerage that costs $35 per month and charges transaction fees of $200 per deal. This means I could keep all other commission on my own deals. Would I be able to figure out the rest on my own without mentoring? Thanks in advance for the feedback!