All Forum Posts by: Kameron Holloway

It's very dependent on how much effort you're going to put into being an agent. I'd say it's worth getting either way for reasons other people listed above. If you're an investor or plan to build your own portfolio it could help if you need access to certain tools. Picking where to hang you license is another story. There's all kinds of broker-salesperson partnerships. I was at a local boutique firm in the beginning, and now I'm with an online broker. It's the opposite side of the spectrum. At my initial brokerage, it was 2 training sessions a day, subsidized marketing, CRM + Phone and desk all included, access to the lead broker anytime you needed and he'd join on any meetings you set early in your career to help land listings. There was also a level of effort here that was required of you. 5 hours of cold calling a day, in the office for a significant portion of the day there after, and showing effort in becoming a better all around agent. Split was 50/50 on commissions. 

Do brokerages care about education? Like would they rather hire someone who went to graduated high school and studied in college?

My online broker. I've talked to once in a year. Pretty much, they provide nothing other than a place to hang you license. The split is 95/5, so I make almost double on a deal of the equivalent size. This is perfect for me though because I'm not working often as a salesperson right now and I'm more focused on starting an investment portfolio of my own. 

Do a lot of research figure out what you want out of becoming an agent, and then talk to brokers of all kinds within your area. 

Buy and holds are great in Midwestern cities. I prefer Cleveland, of course, because I live here, but other cities around here can really give you a great ROI. You can purchase properties under $100k easily and they can rent for $1,000 or more on average. You can even buy out in the suburbs and get some high performing properties for pennies compared to your market!