Thread: Owning a Real Estate Brokerage

Those of you in the L4P community who have made the leap from real estate agent/broker to brokerage owner either as a franchisee or built an original brand can you share your story?

I'm from Iowa, I know Iowa right?! I'm recent college grad and I'm currently interviewing for a Apprenticeship with a local agency. I have started to think a lot about if I'm successful agent, I would want to start a real estate brokerage. Preferably specializing in commercial property. The apprenticeship opportunity is primarily residential but has a commercial real estate division I would try to learn and work in as much as I can after I learn the fundamentals of residential.

I'm creating this thread to see if anyone has similar aspirations or owns a successful brokerage. Any advice or stories you want to share will be much appreciated!! Thank you

I can't help you very much, but I'm 99% certain that you must be an agent through an agency for a certain period of time before you can start your own agency.

^Yes im pretty sure it varies state to state though. Here you must conduct a certain amount of deals within two years, pass several state exams, etc.

Where are you from, OP?

in CA i do not think this is true. i brokers license consists of taking the required classes. I think 8 required classes and either an associate degree with 1 year of experience or a BA degree with zero experience. I also am working towards a brokers license but want licensed in PA were my family company is located. Im studying in CA until the end of spring 12 semester.

I have no interest in selling. I'm working towards an associates in business real-estate and BA in hotel/restaurant management/ brokers license

Thanks for the info. Unfortunately I didn't receive the apprenticeship. This month I'm deciding on moving to Dallas to pursue a similar path. Anybody in the brokerage biz in the Big D?