As to your question of how to pick a brokerage, interview them.

If you two do not have direct ownership, then generally you and your sister will have to recognize gain equal to the sales price of the property less the adjusted basis of the property and depending on the depreciation method rules you may have to reclassify some of those gains out of capital gain treatment.

It was a good thing to have as I was interviewing lenders and loan programs (borrowing money).  

Notwithstanding this section, a licensee may not pay or offer to pay a referral fee or finder's fee to an unlicensed individual that is not a party in the real estate transaction;(12) violates any provision of law relating to a buyer's freedom of choice in choosing an attorney, insurance agent, title insurance agent, or any other service provider to facilitate the buyer's real estate transaction;(13) fails to disclose in accordance with Section 40-57-139 the party or parties for whom the licensee will be acting as an agent in a real estate transaction;(14) receives compensation in a real estate transaction or directly resulting from a real estate transaction from more than one party except with the full knowledge and written consent of all parties;(15) represents more than one party in a real estate transaction without the full written knowledge and consent of all parties the licensee represents as provided in Section 40-57-137(M);(16) acts in the dual capacity of agent and undisclosed principal in a real estate transaction;(17) accepts deposit money which is to be delivered to the licensee's principal in a real estate transaction without informing the payor and having the payor acknowledge in writing who will hold the money received by the licensee;(18) issues a check in connection with his real estate business which is returned for insufficient funds or closed account;(19) fails to disclose in accordance with Section 40-57-137 any material facts concerning a real estate transaction;(20) violates any provision of this chapter or a regulation promulgated under this chapter;(21) violates a rule or order of the commission.(22) induces a party to break a contract of sale or lease, listing agreement, or buyer agency agreement;(23) engages in a practice or takes action inconsistent with the agency relationship that other real estate licensees have established with their clients;(24) fails upon probable cause of an investigator of the commission to make all records required to be maintained under this chapter available to the commission for inspection and copying by the commission or fails to appear upon probable cause for an interview with an investigator of the commission.

@Raman without your picture it is hard to recall/recognize people you meet in a meetup.

My firm is interviewing agents.  

I recently moved to South Florida (2 months ago) from New York, work in a high-tech company.I'm a regular listener of ListenMoneyMatters podcast, they recently interviewed @Chris Clothier from Memphis Invest, which led me to Google him and that's how I found BiggerPockets (he did 2 interviews for BP podcast).Happy to be here, I already connected with some folks here to find out their impression on working with Memphis Invest, seems like BP has a friendly community.Looking forward to keep learning about real-estate investing, and engaging with you all!

I went into contract on a four family property about a month ago with a scheduled close this week.As a seller I have been struggling with this contract, since I had never sold a multifamily and quite frankly cut myself a bad deal for different reasons.I recognize I can be challenged for breach of contract.My question is as follows:What are my realistic damages, as a seller,  in the state of New Jersey for not fulfilling the contract sale of this property? 

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Call around and interview brokers.