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Agent2Agent in New York : Real Estate Advice

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Activity 210
Wed Aug 9, 2017
Susie Kay answered:
You can do whatever you want. It's probably better to terminate after you return from your vacation or terminate and join a new one then go on vacation. You need a broker to sponsor and keep you license active.

The old broker is going to know where you are at.
... more
0 votes 4 answers Share Flag
Tue Aug 8, 2017
Natalieandersenlive answered:
There is nothing serious in failing the exam.
First, you always have the second chance, even when we talk about the exams.
Second, this is not the reason to leave the career of your life. I failed at my SAT, prepared better, took help of https://getgoodgrade.com and friends, and finally succeeded. Everything is possible if you try. ... more
0 votes 89 answers Share Flag
Thu Jul 6, 2017
Jesus Torres answered:
I have been with this firm for going on a year and can honestly say that I have learned more about how to service my clients more efficiently that I have ever thought possible. Both buyer and seller leads are excellent but with the training and guidance of our principle broker we are taught to obtain our own. I am honored to have the privilege of working with this team. ... more
0 votes 10 answers Share Flag
Wed Jun 21, 2017
Sravanodapalli asked:
Hi, i am unable to access to your API how can i approach.
0 votes 0 Answers Share Flag
Sun May 21, 2017
Craigslistemail172 answered:
hello

If you want to be a realtor in Manhattan and Brooklyn and Queens do you have to pay for the Brooklyn Board, Brooklyn MLS, REBNY (RLS) and Queens MLS?
0 votes 9 answers Share Flag
Sat Apr 15, 2017
Scott Godzyk answered:
You should look at all types so you can compare what they charge, what they pay and what they offer. Big companies may have more tools, but less hands on training. Small companies have less flash, but more hands on training. Also once you do choose, promote yourself using a blog, such as Active Rain.I put a link below to sign up for free. It is a great way to reach new clients ... more
0 votes 3 answers Share Flag
Tue Apr 11, 2017
Jonathan Lahey Your Home SOLD Guaranteed answered:
Well, if you are ready to face any challenges for your new carrier then take it as a good thing. Moving in into a new place is not easy but one must have true courage to reach goals. Good Luck! ... more
0 votes 2 answers Share Flag
Tue Apr 4, 2017
Kathy Burgreen answered:
To obtain a brokers license in NY, you need 2 years as a sales agent and you need to have made some sales. As a guideline, the objective of getting a brokers license in NYC is to either lead a team, be an Office Manager or open your own brokerage. If this is not your objective, then why are you getting a brokers license.

As for "what activities may I do to support a broker" - the ONLY activity that your broker wants to see is closed sales. Nothing means more to a broker or Office Manager than closed real estate sales. This is what makes money for the brokerage and all the brokerage is interested in is making money to survive.
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0 votes 2 answers Share Flag
Tue Mar 28, 2017
Phyllis Ignozzi answered:
I understand I can hold a Florida real estate license and a New Jersey Real Estate License. Can I work in Florida six (6) months of the year and in New Jersey six (6) months of the year? ... more
0 votes 33 answers Share Flag
Wed Mar 1, 2017
Jennifer Fivelsdal answered:
I can't see how this would benefit a Brokerage. Sounds like risk without return on investment. This scenario would not play well in NYC.
0 votes 34 answers Share Flag
Sun Feb 5, 2017
Igor K answered:
My friends have had a great experience so far with Mont Sky Real Estate. Primary difference, they give sales leads and referrals consistently to their agents. Their commission splits are pretty generous for your own deals, I believe they start at 75% to you.

Main question you have to ask yourself is do you have an edge over the 50,000 other licensed agents in NYC? Some agents have connections with developers, international buyers or live in a 200 unit co-op building. Unless you have an edge it'll be extremely tough in the business.

That's why the leads matter so much. Good luck!
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1 vote 6 answers Share Flag
Sun Jan 15, 2017
Kathy Burgreen answered:
Do you have a real estate license? If you don't have a license, you cannot work as an agent. You can only work as an administrator. Assisting other agents depends on how successful they are and whether they will pay you.

If you do have a state license, brokerages hire agents based on whether you can close deals for them. Brokerages will hire part time agents ONLY if you will work full time within 6 months. The reason is it costs money to start a real estate career and brokerages will expect you to use your income from your other job to pay for real estate expenses until you close a deal. This should take about 6 months in New York City.

My advice is don't start a real estate career because it's expensive and the brokerage takes 1/2 your commission. Remember, you need to pay the full income taxes on the money you take home + reimbursing yourself for the money you spent + health insurance, etc. You end up taking home very little money.
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0 votes 1 answer Share Flag
Tue Nov 8, 2016
Ghayda answered:
You can look online easily. For example, realestateU offers bios on several sponsoring brokers you can sign up with who are currently looking to bring on new agents: http://realestateu.tv/sponsoring-brokers/

This is also a good site explaining the differences between different brokerage models in NYC: http://bestagentcommissionsplitnyc.com/whats-the-best-real-estate-agent-commission-split-in-nyc/

Lastly, I must vouch for Mont Sky Real Estate whom I've had a great experience with. Here is my Trulia review:

I joined Mont Sky Real Estate after receiving my Real Estate License 2 months ago. I am proud to have just closed on my first deal while one is in process. I am lucky to be part of this dynamic team and consider myself privileged to get ongoing broker support, encouragement and real time training from the management of the dynamic Mont Sky Real Estate team. I love what I do so much it does not feel like work. I know it has a lot to do with the fact that I do not feel alone in my work because I always have answers from my broker to questions I have. I like everything about this company, the guidance, training, loads of leads, advice, everything you want from a broker and more you get. I am very happy I made an excellent choice with Mont Sky Real Estate as my Broker.
... more
0 votes 18 answers Share Flag
Tue Nov 8, 2016
Ghayda answered:
I would check out Mont Sky Real Estate. Most larger, corporate brokerages will say no because they have too much overhead and it's really not worth it to just let you park your license.

They have a small, all-inclusive monthly fee but they are not super strict on enforcing :-)
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0 votes 1 answer Share Flag
Tue Nov 8, 2016
Ghayda answered:
Yes, check out Mont Sky. They offer 75% to 100% commission split plans with very low, all inclusive desk fees. They also offer you buyer and seller leads if you need more clients to work on. I was very lucky to work with the principal broker directly on his clients when I first started with no experience. Here is the review I wrote on Trulia after receiving my first commission check after only 2 months.

It was a sale closing on I worked on directly with management.
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I joined Mont Sky Real Estate after receiving my Real Estate License 2 months ago. I am proud to have just closed on my first deal while one is in process. I am lucky to be part of this dynamic team and consider myself privileged to get ongoing broker support, encouragement and real time training from the management of the dynamic Mont Sky Real Estate team. I love what I do so much it does not feel like work. I know it has a lot to do with the fact that I do not feel alone in my work because I always have answers from my broker to questions I have. I like everything about this company, the guidance, training, loads of leads, advice, everything you want from a broker and more you get. I am very happy I made an excellent choice with Mont Sky Real Estate as my Broker.
... more
0 votes 2 answers Share Flag
Tue Nov 8, 2016
Ghayda answered:
Most traditional brokerages in NYC will say no. They have too much overhead and cost and it's not worth it for them if you're going to be just part time.

I started out as part time but have since become full time. I am very grateful for Mont Sky for the opportunity to have received my first commission check within 2 months of joining. There would be no other way to get a start without leads from my broker. Here is the review I wrote them on Trulia:

I joined Mont Sky Real Estate after receiving my Real Estate License 2 months ago. I am proud to have just closed on my first deal while one is in process. I am lucky to be part of this dynamic team and consider myself privileged to get ongoing broker support, encouragement and real time training from the management of the dynamic Mont Sky Real Estate team. I love what I do so much it does not feel like work. I know it has a lot to do with the fact that I do not feel alone in my work because I always have answers from my broker to questions I have. I like everything about this company, the guidance, training, loads of leads, advice, everything you want from a broker and more you get. I am very happy I made an excellent choice with Mont Sky Real Estate as my Broker.
... more
0 votes 26 answers Share Flag
Sat Nov 5, 2016
Scott Godzyk answered:
Simply edit your profile. Click on your name/picture upper right, drop down to profile and click eidt
0 votes 1 answer Share Flag
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