How do i find a broker to sponsor me as a licensed Realtor without it being SO expensive? help!?
To become a realtor you need to find a broker to hold your license and here in KC, you don't pay to have someone hold your license, more than a $50 to $100 a month. You will need to pay for your own classes, exams, testing, signs, business cards, etc and it would probably cost you about $2000 of your own money to get started. You will be an independent contractor and need to expect some up front costs and fees - it's not free - you are starting a business and $2000 or so and about $100 a month to start a business is fairly reasonable
by Kim in KC - 4 hours ago
Where do you live? I've never heard of an agency requiring payment from a new hire, so maybe that's a practice in some areas and not in others. I can understand the $100 a month - because furnishing you with a desk, phone, etc. is expensive and they don't know if you're going to work and be an asset to the company. When I was a broker I didn't charge, and it did sometimes cost me $$. Many agents just sit at their desk sand wait for business to come to them, and that is an expense to the company. Have you checked the classifieds for agencies searching for new agents? If I were you I'd call each one of them first. Be very business-like and ask about their policies and procedures. You need to know a lot of things - such as the commission split, the expenses they pay vs. the ones you pay, their advertising policies, floor time, and availability of mentoring (if any). Check the independent agencies as well as the franchise agencies. You may find an owner/broker who is willing to help you get started just based on your sparkling personality and your eagerness to succeed. Remember - don't go begging. Yes, you're looking for a job, but the person who hires you is looking for someone to help him or her make more money. Focus on what you will give - not on what you hope to get. If you need to take a smaller split for a few months while you prove your worth, do it. Then do a better job than all the seasoned agents in the office.
by Marte C - 4 hours ago
Becoming a Realtor is very pricey but I would suggest trying a broker that has some kind of mentor program. In Orange County , CA I think First Team and C21 have these types of programs. YOu take a large hit in commission but you get to learn the biz and not pay desk fees. Good Luck!!
by REO Master - 4 hours ago
Try Keller Williams Realty...they are national and you will like their compensation program...they should be local to you. They charge minimum fees Keep in mind that joining the MLS is very expensive..it's around $1500 to $2000 depending on what time of the year you join....that isn't going to change no matter where you work.
by Expert Realtor - 4 hours ago
A recommendation I once heard said that to become a realtor, you needed to have at least 6 months income in savings, to live on until you start to earn income.
by The Arbiter of common sense - 4 hours ago
where are you located
by mscarriem - 4 hours ago
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