Long and Foster Real Estate
Resolved Question: Can a licensed Real Estate Agent be considered a business entity?
Or would I have to actually incorporate myself or become a Sole Proprietorship even though I work under a Broker like Long and Foster?
I ask because I want to get a small business loan to help cover the cost of advertising, cards, flyers, etc., and also to pay fees associated with being a Real Estate agent.
I must add I just became an agent and I have not yet joined the board of Realtors or MLS because I can’t currently afford to. I have not sold any properties as of yet.
Resolved Question: Which Real Estate agent will be best for a new agent?
40 years in business, 50/50 split, 6% marketing fee per transaction, required floor time, weekly meetings, established reputation, training classes, inhouse marketing, mortgage, insurance, etc divisions, discounts on cellphone service, ect., direct deposit, etc. This is what I would receive with Long and Foster. With the newer company with a 70/30 split and no other fees, no floor time, one on one training, etc. They are more relaxed and make all marketing material on their office computer. You get more freedom to create your own marketing material. It’s a small company with only 15 agents and they deal with niche markets such as investors and seniors.
http://answers.yahoo.com/question/index?qid=20080603202806AAfEGpQ
I have decided to get a full time job and put my Real Estate license in referral status. I decided to join Metro Referral Network which is associated with Long %26 Foster. Since the market is so tough right now, I decided not to do full time Real Estate. Could I atleast bring in some money part time making referrals?