Land Agent vs Land Broker: Which Is Better? With Adam Mikesch

Land Agent vs Land Broker: Which Is Better?

Show Notes: https://retipster.com/154-adam-mikesch/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=mljGM4H54VQ
Land Investing Masterclass: https://landinvestingmasterclass.com/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=mljGM4H54VQ
Land Investing Foundations: https://landinvestingfoundations.com/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=mljGM4H54VQ
Join Our Community: https://welcome.retipster.com/newsletter/?utm_source=youtube&utm_medium=social&utm_campaign=podcast&utm_content=mljGM4H54VQ

In this video, we will talk about what it takes to become a Managing Broker and the unique intricacies of working in the real estate industry.

Our expert, Adam Mikesch, a licensed broker with a wealth of experience in the state of Missouri, will guide us through his journey from starting as a sales agent to acquiring his broker's license. He will explain the requirements laid out by different Real Estate Commissions across various states, including the number of years acting as a salesperson and the quantity of transactions needed to qualify for a broker's license​1​.

You'll learn about reciprocity between states, and how this could potentially ease the process of obtaining an equivalent license in a different state. We also discuss the different roles within a real estate team, including full-time and part-time agents, and the various sectors they cover, such as residential, land, and commercial real estate​2​.

We'll dive into the typical property sizes, uses, and values that our expert deals with, which range from residential lots close to the St. Louis metropolitan area to larger, more rural properties. We also touch on the concept of land flipping, where vacant lots are purchased below their market value and sold at or near their market value for a profit​3​.

Lastly, we address important questions about the minimum value of properties our expert is willing to list and the typical commissions charged. You'll hear about the variable rate commission structure that is beneficial for frequent business dealings, and why a commission rate as high as 10% isn't typically used in his market in Missouri​4​.

Whether you're a seasoned real estate professional or just starting out, this video offers valuable insights into the industry from an experienced broker. Don't forget to like, share, and subscribe for more educational content on real estate.

#RealEstateBroker #ManagingBroker #RealEstateIndustry #PropertySales #RealEstateCommissions #LandFlipping #VariableRateCommission #LandAgentVsLandBroker #RealEstateComparison #ChoosingWisely #RealEstateExperts #InsiderInsights #RealEstateDebate #PropertyProfessionals #RealEstateServices #DecisionMakingTips #RealEstateGuidance