Let me tell you first the main idea of the word “broker”. Broker is one that act as an agent for others in negotiating contracts, purchases, sales and works for a certain fee. I had no idea that I was already acting as a broker when I have been doing those aforementioned for few years now.
I work online as a writer but enjoy being a broker once in a while. It began when my friends started offering me their real properties (as if I have millions to spend!) and I turned them down due to several reasons. But since I was quite interested in the properties in terms of location, appearance, price and value, I thought of offering the same to my other friends. Some of those properties I even passed to my real estate agent-friends.
Remember that the idea here is to close a deal and earn a commission or referral fee. If you have an agent who will do all the sales talks after you initiate it with a prospective client, you will be paid a ‘referral fee’. If you are able to close the deal yourself, then, you get a commission from the seller. I oftentimes do the first. This is because I work, negotiate and refer ‘online’ – I cannot do more than that which will possibly make me earn huge commissions. To work directly with the buyer/purchaser and assist in all the paper and legal works is something that interests me but just not viable as of this time.
I also have done referrals for interior designing and decorating (as well as car re-selling). It is a good thing to have contacts with other professionals. The potential of this job can be stretched by moms and be an option to earn while at home.