What do apartment locators do?
Apartment locators specialize in assisting their clients to find multifamily residential rentals. Locators work as matchmakers between a potential tenant and an apartment community. Apartment locating is a great full-time real estate career or something you can do part-time. It's also a common path those wanting to generate income while you ease into single-family residential sales.
What's different about Texas Locator Broker?
Frankly, we didn’t see the value commission split brokerages were adding for skimming / taking such a large piece of the pie.
Most brokers split commissions with the locators they sponsor. Commonly, its a variation of a 65/35, 70/30, or 80/20 split, some require a monthly minimum to receive more of your commission. Texas Locator Broker is a fixed fee real estate brokerage focused on apartment locating. We offer the training & coaching you'll need without the aggressive commission split. Your broker fees are fixed each month, so whether you make $6,000 a month or $20,000 a month, you only pay a small monthly fee with us.
How to become an apartment locator?
The first step in becoming a real estate agent in Texas is getting licensed. The Texas Real Estate Commission requires you to complete 180 classroom hours of TREC approved real estate courses.
Once you've completed your coursework, you'll need to submit your education certificates & file your application with TREC. At this point, you'll need to decide whether to file for an active or inactive license. To practice as a real estate salesperson, you must be sponsored by a licensed Texas real estate broker.
You'll then need to schedule your license examination and fingerprinting & pass the real state exam. If you have a sponsoring broker, your license will be active now. How long it takes to get your real estate license in Texas is really up to you and your dedication.
Are locators required to be licensed?
Yes. Apartment locators are required to be licensed real estate agents in the State of Texas.
How much do apartment locators make?
It depends. Lots of people make apartment locating a full-time career, while others do it part-time to earn supplemental income. The great thing about locating is that it allows you the flexibility to work as much or as little as you want. Most properties pay between 50% to 150% of one month's rent as a referral fee for placing a tenant.
Monthly Revenue Example
How to find a real estate broker to sponsor you in Texas?
If you've made it this far, you're on the right track. Get in touch with us here.
How to Start a Business As an Apartment Locator?
1. Get your Real Estate License
2. Identify a Sponsoring Real Estate Broker
3. Gain Experience & Training (apartment locating software, lead generation, process, etc.)
4. Develop a Business Plan