New agent asking if there is a California broker that pays a salary or upfront financial support?

Asked by Cherylc006, Los Angeles, CA Tue May 13, 2014

Cherylc006, Home Buyer in Los Angeles, CA
Hi. I'm a new agent, passed my test and waiting for the state on my official license. I'm looking for an agency that will pay a salary. I
want to be in real estate full time, but I need the financial support to do so. I'm located in Southern California. I'm right on the L.A./OC border and am open to locations in California. My email is cherylc006@aol.com if anyone would like to discuss specifics. Thank you. Cheryl

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5
Oscar Gonzal…, Agent, Norwalk, CA
Tue May 13, 2014
Good Evening Cherylc006,

Congrats on getting your RE License is's a great feeling. Now as far as getting a base there's very little brokerages out there that do that. Redfin does but there commission is not the greatest, or you can start as a transaction coordinator, or a processor at a RE office, they might let you squeeze in a deal or two. Our office is in LA county just a few miles from the OC. Any questions reach out to me.

Good Luck!

Oscar Gonzales
WestCo Realty
562-244-2055
BRE# 01771716
0 votes
Cherylc006, Home Buyer, Los Angeles, CA
Tue May 13, 2014
Thankyou all for the great advice and creative ideas. I will look into all of your suggestions. Have a nice evening. Cheryl
0 votes
Brian Kurtz, Agent, Dearborn, MI
Tue May 13, 2014
Back in 2009 I put a pause on my real estate career in order to go back to school and get my degree. As things were slow, it seemed like the best time to do it. You don't want to be going to school full time and working real estate full time.

Transitioning back into real estate has been difficult. I fired up the real estate engine back in September of last year. Listed and sold a vacant land pretty quick. After that, it was a lot of nothing. It takes a while to get the deal flow going, especially with the crazy hard winter we had here in Michigan.

The time invested paid off though. I've been closing transactions about every two weeks or so now. I took two listings last week, and currently have two pending and a fair amount of leads to nurse along.

I currently work two jobs. At least 40 hours p/week doing real estate and 26 hours a week at another job where I used to work full time while in school. I'll be done with the other job by the end of the summer.

My point is that this whole thing takes time. Working on a team would be a good idea to get started, but you have to have a plan for how you're going to transition on your own. Plan on giving up any television shows you like and expect to not see a real vacation for 18 to 24 months. You have to dig deep and double down if you don't have someone with a second income that can swing all the bills while you get the real estate train moving down the tracks.
Web Reference:  http://mihomespot.com/
0 votes
Cindy Davis, Agent, San Diego, CA
Tue May 13, 2014
Hi Cheryl,

The only place I know that hires agents as employees is Refin. For many of us, we transitioned into real estate while doing something else....it will take awhile to fully support yourself in this business.

Best of luck.
0 votes
Kent Turansky, Home Owner, 92344
Tue May 13, 2014
Hello Cheryl,

You should work for a larger real estate company and specifically work in the property management department. You will be able to get cash flowing quicker.

Kent
0 votes
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