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Updated about 7 years ago on . Most recent reply
DFW new license, flat fee broker or regular broker?
We invest rent/flip properties. planning on 3 flips this years (hopefully) i just got my RE license and I'm debating on what to do.
I found a very knowledgeable broker who will give me 75/25 for my properties and 60/40 for other deals. His training seems to be very good and if I can sell some properties on the side I guess it wouldn't hurt... at the same finding clients is probably not too easy either.
Any advice, recommendations?
Thank you!
Ana
other option is a flat fee broker, without having any experience it worries me not having training/support. Also getting new clients might be even more difficult.
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@Jim Crider Your wife will have to join a brokerage after getting her license. It depends on the broker she joins as to what she will be able to do. Not all brokerage are created equally. You will not be able to broker your own purchase until she has 4 years experience as an agent, has meet all the education requirements and has the 3,600 points. In the mean time, she will more than likely have some type of split with a broker. The class only give you a scratch of what you really need to know when buying and selling.