How To Find A Good Broker

In a previous article, we recommended getting to know a good real estate, stock or business broker as a source for education and ideas. Some of our readers have asked us how to tell whether the broker is good or not? Sadly, as in everything else there are some very good brokers, and others that are not so good.

1. The first thing you need to do in order to make sure you find a good broker is to ask for referrals. Ask around, and talk to people that have worked with the broker before, and see what kind of experience they had with the broker.
2. Secondly, as far as real estate brokers go, make sure you find an investment broker, and not just a plain old residential real estate broker. Those kinds of brokers will just want to sell you a house, and generally have no better idea of how money works than you do.
3. Thirdly, find a broker who is an investor, as well. This type of broker will be familiar with what you are trying to do, and may even be willing to mentor you.

The education that a mentor can provide will be the most valuable type of education you can possibly get. You’ll not only be able to learn first-hand by someone who has actually done what you want to do, but continues to do it, and this will give you the opportunity to learn first-hand by example.