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Go ahead and join a couple of other guilds in Balmora and have fun exploring. Sometime later you can decide which of the three houses you wish to join. You can only be a member of one of the 3 houses. Redoran for fighters, Telvanni for mages, and Hlandu for thief types generally.
You can continue to expore and level up as long as you like. When you're ready to start the quests leading up to the main quest or goal, talk to Caius and do his quests.
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